At a Glance

• Turkish authorities have arrested a former minister and ex-deputy chair of the ruling party.

• The case involves alleged manipulation of share prices tied to several investment funds.

• Hundreds of people are under investigation.

Authorities in Turkey have arrested Fatma Betul Sayan Kaya, a former minister and deputy chair of President Recep Tayyip Erdogan's ruling party, over her alleged role in a share-price manipulation scandal.

Key Statements and Focus Area

• Opposition's Allegation: Kaya received 2.17 billion liras ($43 million) after reportedly investing 163 million liras ($3 million) in one of the funds. — Turkey's main opposition party.

• Scale of the Probe: Authorities are investigating more than 430 people for suspected market manipulation and insider trading, including 112 who have been arrested. — Akin Gurlek, Justice Minister.

• Focus Area: The arrest of Kaya and the widening investigation into manipulation of investment funds in Turkey.

Kaya was taken into custody late Thursday pending a possible trial on charges of membership in a criminal organization and violating Turkey's Capital Markets Law, state-run Anadolu Agency reported.

Her husband was released on condition that he report regularly to police after a second round of questioning for the couple.

The couple have denied wrongdoing but reportedly transferred some of the profits to an account designated by banking regulators.

FYI

Kaya resigned as deputy chair of the Justice and Development Party in September, shortly after allegations emerged that she sold shares worth tens of millions of dollars just before regulators decided to liquidate the funds over alleged manipulation.

She served as family and social affairs minister from 2016 to 2018.

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