EconomyTurkey detains Tera chairman amid ‘Ponzi-like’ fund probe involving 450,000 investors
Authorities in Turkey took Tera Yatirim Menkul Degerler AS’s chair into custody on Wednesday morning. The brokerage is central to the country’s ongoing investment-fund scandal; more than $18 billion (€15.7 billion) belonging to over 450,000 people is currently being liquidated.
Turkey detains Tera chairman amid ‘Ponzi-like’ fund probe involving 450,000 investors