Ex-minister Kaya remanded in Istanbul in multi-billion-lira fund scandal
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An Istanbul court jailed Fatma Betul Sayan Kaya pending trial Friday on capital-markets and criminal-organization charges state news agency Anadolu cited; her husband was freed but must report to police. Family minister from 2016 to 2018 and until recently a deputy chair of President Recep Tayyip Erdogan’s Justice and Development Party (AKP), she resigned on 26 September after the Yeni Party alleged profit from the fund uproar. Yeni Party Chairman Zeynel Emre claims she and her husband received 2.17 billion lira (about $43 million or €38.4 million) after investing 163 million lira and selling shares shortly before suspected investment-fund price manipulation roiled stocks.
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