Turkey's ruling AK Party accepted the resignation of deputy chairwoman Fatma Betul Sayan Kaya on Sunday, according to Arab News and The Washington Times, after she was accused of selling shares worth tens of millions of dollars shortly before a stock market crisis.
Turkish stocks plunged on Sept. 16 amid suspected share-price manipulation involving several investment funds, according to Arab News. Reuters and The Straits Times reported that an opposition politician had accused Kaya of making a large profit on shares just before the funds crisis triggered a major selloff on the country's stock market.
Arab News reported that Kaya requested to be relieved of her duties on Saturday, and that AKP spokesman Omer Celik was involved, though further detail on his role was not provided.
France 24 described the episode as part of a growing investment fund crisis in Turkey.
How each side covered it
Left
- Bloomberg linked the resignation to broader allegations over the investment fund crisis.
“Turkey's Ruling-Party Deputy Chair Resigns Amid Allegations Over Fund Crisis” — Bloomberg
Center
- Arab News and The Washington Times reported Kaya was accused of selling shares worth tens of millions of dollars before the crisis.
- Reuters and The Straits Times reported an opposition politician made the trading accusation.
- Arab News detailed the Sept. 16 stock plunge amid suspected share-price manipulation involving investment funds.
- France 24 framed the resignation within a growing investment fund crisis.
“Turkiye's ruling party accepted the resignation of a deputy chair on Sunday after she was accused of selling shares worth tens of millions of dollars shortly before a stock market crisis.” — Arab News
Right
- The Washington Times reported the party accepted Kaya's resignation after the share trading allegations.
“Turkey's ruling party accepted the resignation of a deputy chair on Sunday after she was accused of selling shares worth tens of millions of dollars shortly before a stock market crisis.” — The Washington Times
Questions readers ask
What happened with Turkey's AK Party deputy chair?
Fatma Betul Sayan Kaya, a deputy chairwoman of President Recep Tayyip Erdogan's AK Party, resigned after being accused of selling shares worth tens of millions of dollars shortly before a stock market crisis, according to Arab News and The Washington Times.
Why did the stock market crisis happen?
Turkish stocks plunged on Sept. 16 amid suspected share-price manipulation involving several investment funds, according to Arab News.
Who accused Kaya of wrongdoing?
An opposition politician accused Kaya of making a large profit on shares just before the funds crisis triggered a major market selloff, according to Reuters and The Straits Times.
When did Kaya resign?
According to Arab News, Kaya requested to be relieved of her duties on Saturday, and the AK Party accepted her resignation on Sunday.
What happens next in this story?
Sources describe the investment fund crisis as ongoing, with France 24 noting the crisis is growing, but no further developments were detailed in the available reporting.
Sources · 7 outlet reports
- Associated PressLeft-leaningTurkey’s ruling-party deputy chair steps down after share trading allegations
- BloombergLeft-leaningTurkey’s Ruling-Party Deputy Chair Resigns Amid Allegations Over Fund Crisis
- Arab NewsCenterTurkiye’s ruling-party deputy chair steps down after share trading allegations
- France 24CenterTurkey ex-minister resigns as investment fund crisis grows
- ReutersCenterDeputy chair of Turkey's AK Party resigns after trading allegation amid funds crisis
- The Straits TimesCenterDeputy chair of Turkey's AK Party resigns after trading allegation amid funds crisis
- The Washington TimesRight-leaningTurkey's ruling-party deputy chair steps down after share trading allegations