Background The Istanbul Chief Prosecutor’s Office launched an investigation following a letter from the Capital Markets Board (SPK) that alleged manipulation of certain trades in the Borsa Istanbul (BIST) share market.
Investigation Details The probe focused on the X account “bySerez,” which had posted manipulative content about nine BIST-listed shares in 2023.
The allegations claimed that the account’s posts were designed to influence share prices.
Operation and Arrests During the operation, four suspects were taken into custody.
Authorities are still searching for a fifth suspect who was reportedly a key participant in the alleged scheme.
Implications The arrests underscore the regulatory body’s commitment to maintaining market integrity and preventing illicit trading practices.
Borsa Istanbul Manipulation Operation: Four Arrests
Four individuals suspected of manipulating Borsa Istanbul share prices through social media were arrested in a police operation.
Sources
- Halk TV · baglanti