Global marketsUpdated November 3

Turkey arrests Borsa Istanbul CEO on bribery allegations.

Asharq Al-Awsat, citing Turkey’s Anadolu Agency, reports that Turkish authorities arrested Borsa Istanbul CEO Korkmaz Ergun on bribery-related allegations as an investigation into alleged manipulation in investment funds widened. The allegations remain under investigation. The probe is unfolding amid a broader fund crisis: Asharq News reports that regulators ordered the liquidation of 131 funds managed by seven asset-management firms after some firms warned they could not meet investor redemption requests. The liquidations provide context for the sector’s wider turmoil, but the reports do not link them to the allegations against Ergun.

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Coverage started November 1