‘Market Fraud’ Statement by Capital Markets Board

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The Financial Crimes Investigation Board (MASAK) has announced that it has launched an investigation against the ones who have reported manipulative news about the economy.

In a statement yesterday (August 13), the Minister of Treasury and Finance Berat Albayrak said, "Deposits will not be confiscated. The foreign currencies in the bank accounts will not be changed to Turkish Lira.

"However, a legal struggle will be waged against the ones who spread such rumours and lies. A legal action will be taken against them."

"Market fraud" statement by Capital Markets Board

The Capital Markets Board (SPK) also released a statement today.

In the written statement dated August 13, the Article 107 of the Law no. 6362 on "market fraud" was referred to and it was stated that the ones who "spread fabricated, false and fallacious news about the economy" will face two to five years in prison as well as a fine of up to five thousand days.

Investigation by Chief Public Prosecutor's Offices

The İstanbul and Ankara Chief Public Prosecutor's Offices have also launched an investigation against "the social media accounts that share news, printed and visual media which serve to the economic attacks as well as person or persons who threaten the economic security."

Investigation by General Directorate of Security

General Directorate of Security has also launched an investigation against 346 social media accounts sharing posts "which aim to create a negative perception by manipulating the exchange rate of dollar."

As of 11.11 a.m. today, the exchange rate of US Dollar was 6.88 Turkish Lira while the exchange rate of Euro was 7.83 Turkish Lira.

(PT/BK/SD)