Why the fck did they invest? As if they need this. Besides Norway’s Fund, Citibank seems like another foreign loser. The foreign names emerging in the current Tera/Pusula investment-fund scandal are Norway’s sovereign wealth fund and, more tentatively, Citibank. But the key distinction is exposure: reporting identifies investments in shares linked to the investigation, not … Read more
Türkiye’s Investment-Fund Scandal: TERA, Pusula and the September–October 2026 Fund Crisis Status as of 6 October 2026. Türkiye is dealing with a large, still-unresolved capital-markets crisis centered on investment funds managed by Tera Portföy and Pusula Portföy, but extending to Atlas Portföy, Hedef Portföy, A1 Capital Portföy, Bulls Portföy and Pardus Portföy. On 17 September, … Read more
We may be witnessing one of Türkiye’s biggest financial scandals. Here is a roundup by Perplexity: The TERA Fund Scandal in Türkiye Status: 27 September 2026 Executive assessment The “TERA scandal” is best understood as a fund-liquidity crisis combined with a widening criminal investigation into alleged market manipulation, self-dealing, fraud and suspicious money flows. It … Read more