Jargon, explained
Explained: Turkey arrests ex-minister as part of a widening fund manipulation scandal
Compiled Nov 6
Fatma Betul Sayan Kaya, a former minister and deputy chair of Erdogan's ruling party, was arrested over alleged share-price manipulation involving investment funds.
- Capital Markets Law
- Turkish legislation regulating securities and investment activity, allegedly violated in this case.
- Justice and Development Party (AKP)
- Turkey's ruling political party, led by President Erdogan.
- share-price manipulation
- Illegally influencing the price of shares, the core allegation in the scandal.
- liquidate
- To close down and settle the assets of the investment funds, as regulators did amid the fraud allegations.