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Week of October 19

2026-W43
Oct 19 – October 25, 2026
FINAL
Last update October 23, 2026
COUNTRIES IN THE NEWS
  • Libya
  • Qatar
  • Greece
  • Pakistan
  • Indonesia
  • Germany
  • Cyprus

President Recep Tayyip Erdoğan addressed the liquidation of investment funds on Wednesday

Ruled paragraphs are attributed to the outlet named in them, not stated as established fact.

Erdoğan said payment transactions in the fund process will speed up, and that those who obtained unjust gains will be made to answer before the judiciary. He rejected the idea of keeping the matter quiet, saying "we will not say 'the arm breaks, it stays inside the sleeve'" — a Turkish saying for covering up a scandal.123

Attributed claim: The remarks drew different readings. Opposition outlet T24's Candan Yıldız examined what Erdoğan's message about being "open to criticism" meant, while pro-government Hürriyet columnist Ahmet Hakan praised the base that criticized what he called the fund plunder. Both accounts appeared the same day as the president's statement.45

A parliamentary research commission is being formed to examine the fund scandal, which has drawn in political figures and remains under investigation. Erdoğan convened the Presidential Cabinet at Beştepe with the fund investigation at the top of the agenda before making the remarks.362

Turkish authorities detained five people in a fund investigation

Turkish authorities detained five people in a fund investigation, among them Ertan Aydın, a former adviser to the prime minister, and a former AK Parti member of parliament. The detentions were reported across the political spectrum, from pro-government Habertürk and Hürriyet to oppositional Sözcü and Diken, and by the centrist BBC Turkish and Euronews.12345

The probe reached companies and some former bank executives, NTV Haber reported. Hürriyet put the wider figure at 31 people subject to detention orders who have been caught, with the latest wave adding five more.67

Akbank issued a statement on the allegations tied to the fund investigation, Para Analiz reported. The bank's statement followed the detentions in the case.8

Turkey's capital markets board chief Sütçü resigns as deputy finance minister Çelik files for retirement

Capital Markets Board (SPK) chairman Sütçü submitted his resignation, and Treasury and Finance Deputy Minister Çelik filed a retirement petition with Minister Şimşek. The two departures were reported together on Monday.123

Sözcü linked both exits to a fund crisis, reporting that the deputy minister and the SPK chairman left in its aftermath. The fund investigation has been the subject of a parliamentary research commission and repeated statements by President Erdoğan that the problem is under control.4

Çelik submitted his retirement petition to Treasury and Finance Minister Şimşek, while Sütçü's resignation was submitted to the SPK. No successor or effective date for either departure was stated in the reports.23

UPDATES

· New development

AKP figure Şamil Tayyar said further departures are coming after the resignations, telling outlets "başka gidecekler de var" and citing "Cumhurbaşkanımızın talimatı" (the president's instruction).56

Sözcü reported that the Borsa fell sharply on the resignation news, headlining "Borsa çakıldı."7

Libya's parliament ratifies Turkey-Libya maritime jurisdiction memorandum

Libya's parliament approved the maritime jurisdiction memorandum between Turkey and Libya, according to reports on Tuesday. The memorandum covers the two countries' maritime jurisdiction areas. Parliament Speaker Numan Kurtulmuş said Turkey and Libya have the will and the power to take decisions about their own futures.12

Foreign Minister Hakan Fidan met Libyan officials Abdul Hamid Dbeibah and Khalifa Haftar, TRT Haber reported. The meeting came as the memorandum moved through Libya's legislature.3

The approval drew a sharp reaction in Greece, where Hürriyet reported the agreement was described as a "great national defeat." Milliyet reported Greek commentary saying "they advance while we sleep" and calling it a slap for Athens. SavunmaSanayiST reported that the EU does not recognize the Turkey agreement.456

CHP leader Özgür Özel directed a reaction at European Commission President Ursula von der Leyen over the Turkey-Libya issue, saying "we will stand against your arrogant attitude." The statement placed the opposition leader against the EU position rather than against the memorandum itself.7

UPDATES

· Reaction

Turkish outlets reported a joint response to the EU's criticism of the Libya memorandum, describing the EU position as both biased and arrogant.89

Haber 7 reported that Libya gave a very harsh answer to Greece over the decision, which it said changed the balance in the Eastern Mediterranean.109

Istanbul court jails 15 in money-laundering case including journalist Murat Ağırel and Ömer Sarıgül

An Istanbul court ordered the arrest of 15 suspects in a money-laundering investigation, among them journalist Murat Ağırel and Ömer Sarıgül, the son of former mayor Mustafa Sarıgül. Prosecutors had sought judicial control orders for two further suspects. The case is known in Turkish coverage as the Germany investigation.12345

Emir Sarıgül reported to police as part of the operation, and 17 people were taken to the courthouse in Istanbul. The suspects' statements to the prosecutor's office were completed before the file went to court.67

Mustafa Sarıgül reacted to the jailing of his former wife and his son. Mansur Yavaş, the Ankara mayor, asked what concrete justification made Ağırel's arrest necessary. Cumhuriyet described the case against Ağırel as a setup and questioned how alarming it was.289

Ağırel was arrested while already under house arrest, and he gave a defence statement in court. The case surfaced after a man reported his wife to CİMER, Turkey's presidential communication centre, which prompted the operation.107

Also this week

Published earlier this week and since overtaken by bigger stories. Open one to read it in full.

Turkey orders detention of 60 suspects over visa appointment bot scheme worth 370 million liraTurkish authorities ordered the detention of 60 suspects in an operation against visa consultancy companies accused of locking up the visa appointment system with bots and reselling slots for 300 euros. The scheme was valued at 370 million lira. WhatsApp correspondence among the suspects was uncovered in the investigation.

Turkey orders detention of 60 suspects over visa appointment bot scheme worth 370 million lira

Turkish authorities ordered the detention of 60 suspects in an operation against visa consultancy companies accused of locking up the visa appointment system with bots and reselling slots for 300 euros. The scheme was valued at 370 million lira. WhatsApp correspondence among the suspects was uncovered in the investigation.1234

The companies allegedly promised guaranteed visas and appointments to clients while blocking the booking system so ordinary applicants could not secure slots. Hürriyet reported the operation targeted visa companies over the bot scheme, and Diken described it as an 'unjust benefit' operation with 60 detention orders.256

Milliyet reported that the WhatsApp messages showed organizers discussing clients, including a line about a girl who arrived and was given the same material. The correspondence was cited as evidence of how appointments were sold.78

Turkey's Cybersecurity Presidency issues national alert over PHP vulnerability as state sites close worldwideTurkey's Cybersecurity Presidency (Siber Güvenlik Başkanlığı) issued a national-scale warning over security flaws in the PHP programming language, publishing a statement on the PHP vulnerability. The alert was carried by state, pro-government and opposition outlets alike on Wednesday and Thursday.

Turkey's Cybersecurity Presidency issues national alert over PHP vulnerability as state sites close worldwide

Turkey's Cybersecurity Presidency (Siber Güvenlik Başkanlığı) issued a national-scale warning over security flaws in the PHP programming language, publishing a statement on the PHP vulnerability. The alert was carried by state, pro-government and opposition outlets alike on Wednesday and Thursday.1234567

The flaw was detected in PHP worldwide, and government websites were temporarily shut down globally as a result. Turkish coverage described the alarm as global and reported that Turkey was on alert.89

An emergency scan was launched in Turkey in response to the vulnerability, according to opposition outlet Onedio, which reported the national scan alongside the global cybersecurity alarm.10

Turkey names Kutluhan Taşkın deputy finance minister in gazette of 28 appointments and 8 dismissalsTurkey's Official Gazette published a slate of senior appointments and dismissals across ministries and public bodies, including 28 appointments and 8 removals. Kutluhan Taşkın was named deputy minister of Treasury and Finance, and the Capital Markets Board (SPK) received a new head. The decisions were signed by President Erdoğan.

Turkey names Kutluhan Taşkın deputy finance minister in gazette of 28 appointments and 8 dismissals

Ruled paragraphs are attributed to the outlet named in them, not stated as established fact.

Turkey's Official Gazette published a slate of senior appointments and dismissals across ministries and public bodies, including 28 appointments and 8 removals. Kutluhan Taşkın was named deputy minister of Treasury and Finance, and the Capital Markets Board (SPK) received a new head. The decisions were signed by President Erdoğan.12345

Sütcü and Gönül were removed from their posts in the same round of decisions. The gazette also recorded senior changes at the SPK and the KGK, and critical appointments across 5 ministries.1246

A separate gazette notice on 20 October 2026 carried further appointment and dismissal decisions for some ministries and public institutions. Outlets reported the round without naming a dispute over its contents.78910

Attributed claim: Esenyurt Municipality trustee Can Aksoy was removed from his post, with oppositional Medyascope reporting the removal as fact and oppositional birgun.net presenting it as an allegation. Pro-government outlets had earlier reported the same removal as fact. No reason for the removal or successor was stated.1112

Turkey, Qatar, Pakistan and Indonesia sign Bedir defence memorandum in DohaTurkey, Qatar, Pakistan and Indonesia signed a defence memorandum of understanding known as the Bedir Memorandum at a ceremony in Doha. The four countries cast the agreement as a step reflecting their resolve to strengthen joint cooperation and develop strategic partnerships.

Turkey, Qatar, Pakistan and Indonesia sign Bedir defence memorandum in Doha

Turkey, Qatar, Pakistan and Indonesia signed a defence memorandum of understanding known as the Bedir Memorandum at a ceremony in Doha. The four countries cast the agreement as a step reflecting their resolve to strengthen joint cooperation and develop strategic partnerships.123

Turkey's Defence Industry Agency head, Prof. Dr. Görgün, called the memorandum a strategic step. Turkish coverage presented the deal as following an earlier arrangement referred to as the Mecca agreement, with Uzmanpara reporting that Turkey holds the largest share.456

Qatar said the Bedir Memorandum will help meet the needs of allied and friendly countries. Turkey's Communications Director Duran also issued a message on the memorandum.78

Bahçeli calls fund investigations a chance for cleansing and vows strongest sanctionsMHP leader Devlet Bahçeli said the fund investigations should be treated as an opportunity for acquittal and cleansing, and that the strongest sanctions under the law will be applied to those who covet the nation's lawful savings. He described interest relationships in municipalities as a moral deficiency.

Bahçeli calls fund investigations a chance for cleansing and vows strongest sanctions

MHP leader Devlet Bahçeli said the fund investigations should be treated as an opportunity for acquittal and cleansing, and that the strongest sanctions under the law will be applied to those who covet the nation's lawful savings. He described interest relationships in municipalities as a moral deficiency.123

Bahçeli framed the party's goal as the construction of Turkey as a leading country and a superpower, and said no attempt to sabotage the climate of peace and trust is acceptable.45

On Cyprus, Bahçeli said the Turkish Cypriots will remain there and called a United Cyprus Federation a complete fantasy.6

The remarks came as a parliamentary research commission is being formed to examine the fund scandal, which has drawn in political figures and remains under investigation.789

UPDATES

· New development

Devlet Bahçeli said press freedom is not the freedom to commit crimes, addressing the fund investigations in remarks reported on Tuesday.10

Bahçeli said developments in Syria and Iraq are promising.11

Şimşek says Fund Guide will not be postponed and pledges tougher sanctionsTreasury and Finance Minister Mehmet Şimşek said the Fund Guide will not be postponed, ruling out a delay in its implementation. He also said sanctions will be increased, without specifying which measures or against whom.

Şimşek says Fund Guide will not be postponed and pledges tougher sanctions

Treasury and Finance Minister Mehmet Şimşek said the Fund Guide will not be postponed, ruling out a delay in its implementation. He also said sanctions will be increased, without specifying which measures or against whom.123

Şimşek said final payments in the fund liquidation will be made according to share ratios. A process has been started for those who earned 10 million TL or more, according to Uzmanpara.45

Coverage of Şimşek's remarks was uniform across camps: pro-government Sabah, Habertürk and Uzmanpara, oppositional Sözcü and business outlet Bloomberght all carried the same statements on the Fund Guide and the liquidation payments. No outlet in the cluster disputed the content of what Şimşek said.43521

UPDATES

· New development

Of 131 funds, 66 have been fully liquidated, Treasury and Finance Minister Mehmet Şimşek said.6

A bill containing regulations on some investment funds decided for liquidation has reached the Grand National Assembly of Turkey, Bloomberght reported.78

Turkey removes Esenyurt deputy mayor Can Aksoy, appoints replacement from VanCan Aksoy, appointed as a trustee to the Esenyurt Municipality and serving as its deputy mayor, was removed from his post. The removal was reported on Monday by outlets across the political spectrum, from pro-government Yeni Şafak and NTV Haber to oppositional Diken, Cumhuriyet and Nûmedya24.

Turkey removes Esenyurt deputy mayor Can Aksoy, appoints replacement from Van

Ruled paragraphs are attributed to the outlet named in them, not stated as established fact.

Can Aksoy, appointed as a trustee to the Esenyurt Municipality and serving as its deputy mayor, was removed from his post. The removal was reported on Monday by outlets across the political spectrum, from pro-government Yeni Şafak and NTV Haber to oppositional Diken, Cumhuriyet and Nûmedya24.12345

A replacement was appointed from Van, which is itself under trustee administration, according to Nûmedya24. Cumhuriyet reported that Aksoy was withdrawn to the center.35

Attributed claim: Coverage of the removal divided over how firmly it was established. Pro-government Hürriyet, Haber 7 and Habertürk reported the removal as fact, while oppositional birgun.net presented it as an allegation.6789

Medyascope reported that the trustee appointed to the Esenyurt Municipality was removed from office. The reports did not state a reason for the removal or name a successor.10

Turkey arrests 36 in 14 provinces over illegal egg sales by 41 women in 811 transactionsTurkish authorities detained 36 people across 14 provinces in an operation against an illegal trade in human eggs, Interior Minister Gürlek announced. The network moved women abroad and had their eggs sold, according to the accounts.

Turkey arrests 36 in 14 provinces over illegal egg sales by 41 women in 811 transactions

Turkish authorities detained 36 people across 14 provinces in an operation against an illegal trade in human eggs, Interior Minister Gürlek announced. The network moved women abroad and had their eggs sold, according to the accounts.1234

Investigators counted 41 women who sold eggs a total of 811 times through the network, which profited from the trade in human reproductive material. The operation targeted doctors and organizers as well as the women involved, with suspects taken into custody.254

The case surfaced after a man reported his wife to CİMER, Turkey's presidential communication center, prompting the launch of the operation.31

Istanbul flood death toll rises to 5 as governor reports 3,000 homes and businesses damagedAid and damage clearance spread across the city as crews worked to erase traces of the downpour. Tekirdağ sent disaster support to Istanbul, and the governor said financial aid had been paid to flood victims.

Istanbul flood death toll rises to 5 as governor reports 3,000 homes and businesses damaged

Aid and damage clearance spread across the city as crews worked to erase traces of the downpour. Tekirdağ sent disaster support to Istanbul, and the governor said financial aid had been paid to flood victims.12

The flooding also struck Kocaeli, where the combined death toll across the two provinces reached 9, according to NTV Haber.3

Istanbul prosecutors seek arrest of 15 suspects including Emir Sarıgül in money-laundering probeIstanbul prosecutors have asked a court to arrest 15 suspects in a money-laundering investigation, among them Emir Sarıgül, and requested judicial control orders for two others. The suspects' statements to the prosecutor's office have been completed, and the case has been sent to court.

Istanbul prosecutors seek arrest of 15 suspects including Emir Sarıgül in money-laundering probe

Ruled paragraphs are attributed to the outlet named in them, not stated as established fact.

Istanbul prosecutors have asked a court to arrest 15 suspects in a money-laundering investigation, among them Emir Sarıgül, and requested judicial control orders for two others. The suspects' statements to the prosecutor's office have been completed, and the case has been sent to court.123

Journalist Murat Ağırel is among those facing an arrest request in the same investigation, according to the prosecutor's filing.41

Attributed claim: TRT Haber reported that 17 suspects were brought to the courthouse in Istanbul, while Hürriyet and Sözcü put the number of suspects named in the arrest request at 15, with two more sought under judicial control.512

Emir Sarıgül reported to the police as part of the operation, and 17 people were taken to the courthouse, Dünya reported.6