Turkey’s $17bn fund scandal becomes a political crisis for Erdogan

Turkey’s $17bn fund scandal becomes a political crisis for Erdogan Submitted by Ragip Soylu on Tue, 09/29/2026 - 10:22 President vows accountability as the liquidation of 130 investment funds exposes ties to Turkey’s ruling elite A picture taken in Istanbul shows US dollar banknotes and Turkish lira banknotes, 27 January 2021 (Ozan Kose/AFP) Off A crisis involving Turkish investment funds accused of running Ponzi-like schemes has affected half a million people, with authorities ordering the liquidation of some 130