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Fatma Betul Sayan Kaya, deputy chair of Turkey's ruling AK Party, resigned after facing allegations that she and her husband made large profits from stock trades in a shipbuilding company just before a financial crisis hit the country’s stock market. Opposition politician Zeynel Emre accused Kaya of making significant gains—reportedly around 44 million dollars—from trading shares that rose sharply between April and September before falling due to market instability. The allegations come amid Turkey's investment fund liquidity crisis, which has affected nearly half a million investors.
Written locally by qwen2.5:14b on 2026-09-27,
using this article's own text rather than the other coverage of the
same event (that is the story summary below).
Story summary
On September 27, Fatma Betul Sayan Kaya, the deputy chair of Turkey's ruling AK Party and former family minister from 2016 to 2018, resigned after an opposition politician alleged that she and her husband made a significant profit on shares. The main opposition Yeni Party spokesman Zeynel Emre claimed at a press conference that Kaya and her husband invested approximately 163 million lira ($3.3 million) in April, primarily in Ozata Denizcilik shipbuilder stocks, which later were sold for about 2.17 billion lira ($44 million) before the stock market crisis hit on September 15. This allegation followed a significant surge and subsequent fall of Ozata Denizcilik's share price from around 220 lira to 4,980 lira and then down sharply amid suspected manipulation. The AK Party accepted Kaya’s resignation, allowing for an investigation into the allegations.
Written for “Turkish Politician Resigns Over Alleg…” on 2026-10-05,
grounded in this article and the 1 other(s) covering the same event.
Deputy chair of Turkey's AK Party resigns after trading allegation amid funds crisis
ANKARA, Sept 27 -
asserted
chair → resign → crisis
A deputy chair of President Tayyip Erdogan's ruling AK Party stepped down after an opposition politician accused her of making a large profit on shares just before a funds crisis triggered a major selloff on the country's stock market.
asserted
crisis → rule → market
Fatma Betul Sayan Kaya, the AK Party's deputy chair responsible for social policies and who also served as family minister from 2016 to 2018, said late on Saturday she had asked Erdogan to relieve her of all her duties so the allegations could be investigated.
uncertain
allegations → serve → duties
Main opposition Yeni Party spokesman Zeynel Emre alleged at a press conference on Saturday that Kaya and her husband, Ilyas Kaya, invested a combined 163 million lira ($3.3 million) in April this year mainly in shares of shipbuilder Ozata Denizcilik and later received about 2.17 billion lira ($44 million) from selling them.
asserted
Kaya → allege → them
Ozata Denizcilik shares traded at around 220 lira at the start of April and rose to 4,980 lira on September 15, before turmoil in Turkey's investment fund industry, as suspected share-price manipulation in thinly traded stocks triggered a liquidity crisis and sent share prices tumbling on September 16.
asserted
manipulation → trade → September
Emre alleged the timing of the transactions raised questions.
asserted
timing → allege → questions
Kaya said on X that she considered it necessary to take political responsibility while the allegations were examined and asked Erdogan, to relieve her of all the posts she holds.
asserted
she → say → posts
She did not comment further on the specifics of the allegation.
asserted
She → comment → allegation
Turkish authorities took steps last week to support financial stability after some investment funds failed to meet withdrawals from almost half a million investors amid the selloff.
asserted
funds → take → selloff
Ozata Denizcilik said in a regulatory filing on Friday that its chairman, Ozdemir Ataseven, and vice chairman, Gokhan Ataseven, had been jailed pending trial as part of an ongoing investigation into the funds crisis.
asserted
chairman → say → crisis
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