Kirkmaz Ergun, CEO of Turkey's Istanbul Stock Exchange, was detained in investigations related to the Turkish investment fund crisis. Elgon is being investigated for allegedly taking bribes and joining a criminal organization. He is also the Vice Chairman of Turkey's Settlement and Custody Bank. The move marks a further expansion of large-scale investigations into suspected manipulation of investment funds and stocks. Ibrahim Omer Gnul, the former chairman of the Capital Markets Commission, is also being investigated as a suspect. The head of the market regulator was replaced during the Turkish funds crisis. The crisis broke out in September and has already involved many prominent figures in the Turkish financial community.

Kirkmaz Ergun, CEO of Turkey's Istanbul Stock Exchange, was detained in investigations related to the Turkish investment fund crisis. Elgon is being investigated for allegedly taking bribes and joining a criminal organization. He is also the Vice Chairman of Turkey's Settlement and Custody Bank. The move marks a further expansion of large-scale investigations into suspected manipulation of investment funds and stocks. Ibrahim Omer Gnul, the former chairman of the Capital Markets Commission, is also being investigated as a suspect. The head of the market regulator was replaced during the Turkish funds crisis. The crisis broke out in September and has already involved many prominent figures in the Turkish financial community.