Erdoğan Vows to Purge Capital Markets of 'Greedy Parasites'; 85 Arrested in Fund Probe

On Oct 7 Erdoğan said the capital markets would be cleansed of 'greedy parasites' after the fund turmoil and the government would do what is necessary. Justice Minister Akın Gürlek said 85 suspects have been arrested in the market-manipulation probe. A Fund Coordination Board chaired by VP Cevdet Yılmaz oversees liquidation of 130+ funds; the State Supervisory Council will examine possible negligence. Former AKP deputy chair Fatma Betül Sayan Kaya, who resigned last month over alleged pre-turmoil share trading, and her husband are to give statements as suspects.