Tera Yatırım executives hit with arrest warrants

Tera Yatırım's CEO Emir Münir Sarpyener and Tera Portföy's board chair Erdin Özel were the subject of arrest warrants issued on September 27, 2026, officials said, after prosecutors widened a funds-related investigation; both had previously faced travel bans. Market reaction is pending as equities investors monitor potential fallout for listed affiliates.

MASAK request named Pusula, Tera and others Several executives linked to the group have already been detained and remanded, officials said, including chairmen and board members at Tera and Pusula entities; others were released after giving testimony. The investigation has included insurance and portfolio management figures and produced multiple prosecutions and custody orders.

Officials said the probe’s immediate consequence will be heightened regulatory and compliance scrutiny across the sector, with brokerages and asset managers facing increased checks of transaction trails and beneficial ownership records.

Officials said they expect to provide an update to the court file and investors by September 29, 2026, and advised market participants to watch for formal filings and custody decisions through that date.

Prosecutors sent a formal request to the Financial Crimes Investigation Board (MASAK) on September 17 seeking raw financial records for Pusula Finans Holding, Tera Yatırım Menkul Değerler, Hedef Holding and Bulls Yatırım Menkul Değerler, officials said. The packet sought identities of company managers and detailed transfers of fiat and crypto assets from 2024 to date.