Turkish MP demands answers on fund scandal

Turkish MP Ahmet Şık has formally asked Finance Minister Mehmet Şimşek to investigate claims that political and bureaucratic figures—including Justice Minister Akın Gürlek—invested in Tera Portföy's TLY fund during a closed period when outside investors were barred. Şık, an Istanbul MP from the Workers' Party of Turkey (TİP), submitted the question to Parliament. A closed period is a window in which a fund stops accepting new money, typically to protect existing investors. The allegations suggest insiders gained access to the fund before the public could. Şık is asking whether the Finance Ministry has opened an inquiry into these claims and what steps, if any, have been taken. The ministry has not yet responded publicly.