✉news BusinessMarkets first seen 21 h ago, last 3 h ago, peak #4
Erdoğan scrambles to contain Turkey's $18bn stock market scandal
Original: Erdoğan bids to contain fallout from Turkey’s $18bn stock market scandal
President Recep Tayyip Erdoğan is working to contain the political and market fallout from a stock market scandal in Turkey estimated at $18 billion. The affair has raised concerns about oversight of Turkish financial markets and shaken investor confidence, with attention focused on how the government responds and who will be held accountable for the losses.
Why now: The scale of the losses and the president's direct involvement in damage control make the scandal a major political and financial story.
Recep Tayyip ErdoğanTurkeyBorsa Istanbul
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Evidence
- Erdoğan bids to contain fallout from Turkey’s $18bn stock market scandal · Financial Times
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