Google Cloud Speech-to-Text API (Chirp) + Gemini 2.5 Flash Non-Thinking. Treat it as a searchable index of what was broadcast, not a quotation record.
00:00:00Orbus, the energy depot of the insane.
00:00:16We are on Halk TV. It's 10 o'clock. We are on Money and Politics. We will be with
00:00:19you until 1 o'clock. There are too many hot developments. I will summarize
00:00:22the consecutive developments that reflected
00:00:25from yesterday morning to this hour. After that,
00:00:29detailed comments will follow. As of
00:00:31yesterday, there was a 5.4% 54% drop in the stock
00:00:34market. During the day, drops exceeded 7%. Around
00:00:384 o'clock, a circuit breaker was
00:00:42applied, and we saw
00:00:44the stock market close with a sharp
00:00:475.54% drop, falling to 13,122
00:00:51points. There were drops exceeding 6% in banking
00:00:54stocks, and 6% in holding stocks. What was the
00:00:58reason for this? First, you know, a piece of
00:01:02news spread over the weekend, that Muhammet Yarız, chairman
00:01:05of the board of Pusula Finance Holding, went abroad,
00:01:09that he fled. Then he said he didn't flee, he would give
00:01:12a statement. Then different allegations came to the agenda.
00:01:16Afterwards, it was announced on Sunday night that an
00:01:19agreement was made for Pusula Portfolio and its affiliated
00:01:23companies to be sold to Tera. However, when we came
00:01:26to the weekdays, it was reported to the stock
00:01:30market that payments could not be made from
00:01:33some of Pusula Portfolio's funds. So, when investors
00:01:36went to ask for their money from these funds, they
00:01:40didn't receive payment. Default news was announced to the
00:01:43stock market with statements by Pusula. Afterwards,
00:01:47it said that since this sale has not been approved
00:01:51yet, we have no responsibility. Then, both Tera's stock
00:01:54fund and money market fund defaulted as of
00:01:58yesterday. Then Tera announced a payment schedule for
00:02:02six large funds. It said that we
00:02:04will determine a price
00:02:08on a certain day of the
00:02:10month, and investors will wait for that determined
00:02:14price, and we will make payments within 10 business
00:02:17days following it. And Tezmen, the chairman and
00:02:21owner of Tera Menkul, also made a statement
00:02:23on his social media account. After that,
00:02:27default news spread again regarding some
00:02:30funds in the stock market, and
00:02:33it was announced that the owner of Info Investment's
00:02:36Hedef Holding was detained. All these developments, default
00:02:40news, new payment schedules, and the statements
00:02:43made, brought about sharp drops in the stock
00:02:46market. Afterwards, it was announced
00:02:50that the Financial Stability Committee would meet at 8
00:02:53AM today, chaired by Minister of Treasury and
00:02:57Finance Mehmet Şimşek. That meeting started at 8,
00:03:00and just now, with a statement made after the meeting,
00:03:03the public was informed item by item about what
00:03:07will be done in the next period. Yesterday, the
00:03:11stock market closed at 13,122 points,
00:03:13but it fell to 12,800 points during the
00:03:17day. The drop accelerated so much that at one
00:03:20point, 583 out of 600 stocks were down.
00:03:2460 stocks hit the lower limit. Such a
00:03:27day was experienced, and
00:03:30there was no such deeply red situation in
00:03:33other country's stock markets. Due to the developments
00:03:37I mentioned, there were sharp drops in the stock
00:03:41market, and today, we can say that Borsa
00:03:44Istanbul started the day with a drop of
00:03:47almost 1%, continuing its fall towards 13,000
00:03:51points. Now, the Financial Stability Committee met
00:03:54this morning, chaired by
00:03:55Minister of Treasury
00:03:58and Finance Mehmet Şimşek. The Governor of the
00:04:01Central Bank Fatih Karahan, the Chairman of BDDK
00:04:05Şahap Kavcıoğlu, the Chairman of TMSF, and the Chairman
00:04:08of SPK attended this meeting. After this meeting,
00:04:12a statement was made by the Financial Stability
00:04:15Committee. In this statement, it says that there
00:04:18is no fundamental or structural risk regarding
00:04:22the functioning of Borsa Istanbul and our capital
00:04:25markets. Let me say that first. The problem
00:04:28is concentrated in a certain part of the
00:04:32fund market. It is temporary and manageable,
00:04:36circuit breaker was triggered, as
00:04:39it exceeded 6% at one point.
00:04:42Losses in banking stocks reached
00:04:466% in the general index, triggering
00:04:49a circuit breaker. It was 13,122
00:04:52points. In fact, during the day,
00:04:55it dropped to 12,800 points.
00:04:58The closing at the end of
00:05:02the day was 13,122. This
00:05:06is the sharpest daily drop since
00:05:09May. The drop exceeded 6% in
00:05:13banking and industrial indices. There was
00:05:16a 7.61% drop in the metal
00:05:20and machinery index, for example. A
00:05:226.64% drop was observed in
00:05:26banking stocks. There were drops
00:05:30exceeding 6% in holding stocks.
00:05:34Out of 625 traded stocks,
00:05:37almost 112 hit the lower
00:05:40limit. 583 stocks lost value
00:05:43out of 600 stocks. This
00:05:47was the situation. All screens were
00:05:50red. What caused these? Let me
00:05:53explain with graphics. Pusula Portfolio
00:05:56Management Inc. could not make payments
00:06:00to investors who wanted to withdraw
00:06:04their money from some of its
00:06:07investment funds. It made a statement to the
00:06:11stock market, it defaulted. According
00:06:14to calculations, investors have withdrawn
00:06:18130 billion dollars from Pusula Portfolio
00:06:21funds since August. Sorry, 130 billion
00:06:25lira. Then, Pusula Portfolio
00:06:28is also a popular stock fund,
00:06:32meaning it's a fund with many
00:06:35investors. However, when other portfolios are examined, there
00:06:38have been drops between 45% and
00:06:4295% for a long time.
00:06:46So, there has been a significant
00:06:48drop in the portfolio funds for
00:06:52the last 2-3 weeks, which started
00:06:56after the SPK measures and after
00:06:59the end of August. Also, Tera
00:07:03was sold. Pusula Finance Holding's affiliated
00:07:07companies, these portfolios, funds
00:07:10in the portfolio
00:07:13were to be transferred to Tera.
00:07:16An agreement was reached. Then, approval
00:07:20was awaited from BDDK and
00:07:22other institutions, from the Competition
00:07:26Board. It was announced on Sunday
00:07:30night, they said "Okay, we agreed."
00:07:34However, when this default occurred,
00:07:37when Pusula couldn't pay its investors,
00:07:40Tera said, "The
00:07:43sale has not been approved yet,
00:07:46I have no responsibility." Then
00:07:50we saw that Tera also made
00:07:53a statement to the stock market,
00:07:56saying, "Default was observed in Tera
00:08:00Portfolio Money Market Fund and Stock
00:08:03Fund, of which we are the
00:08:07founder." So, payments could not be
00:08:10made to investors. In 6 large
00:08:13funds, Tera will determine a price
00:08:17once a month, for example,
00:08:20So, banks' borrowing limits can be increased. Collateral discount rates
00:08:24applicable in the markets within the
00:08:27Central Bank will be reviewed and reduced.
00:08:31So, the conditions for banks to access
00:08:35liquidity will be made a bit easier.
00:08:38It will be ensured that liquidity conditions
00:08:42are more easily accessible. All additional measures
00:08:46will be taken if deemed necessary by
00:08:49closely monitoring liquidity conditions. So, liquidity
00:08:53will be increased through weekly repo auctions.
00:08:57Bank borrowing limits will be increased, and
00:09:00the Central Bank will review collateral
00:09:03discount rates to ease liquidity conditions
00:09:06a bit. That is, it will provide
00:09:10liquidity to the market. It will make regulations
00:09:13a bit more flexible and easier in this
00:09:17regard and prevent the squeeze in the
00:09:20market. So, in summary, there is
00:09:23no big risk. We see that the
00:09:26risk is concentrated in a certain
00:09:30part, in a certain section. We see
00:09:34that there is a problem. This is manageable.
00:09:37Therefore, we will overcome this problem
00:09:40by taking liquidity measures, says the Financial
00:09:44Stability Committee to the market. The Central
00:09:48Bank announces to the public how
00:09:51it will increase liquidity with a press release.
00:09:54Therefore, the summary of the meeting held
00:09:57at 8 AM and the statement made
00:10:01afterwards, which ended two hours later
00:10:04as of this hour, is this.
00:10:07Let's see how this will be perceived
00:10:11in the markets. What
00:10:16will be its effect afterwards, and
00:10:19will these measures completely solve the
00:10:23problem in terms of spread? We will
00:10:26discuss this. Now, on the one
00:10:29hand, we will elaborate on this
00:10:32for you now. What happened yesterday?
00:10:36What developments occurred in which portfolio
00:10:39company? We will convey that. But
00:10:42there's another development. All these events,
00:10:45economic events, seem to have come
00:10:48together in the world and domestically.
00:10:52Yesterday was such a day. While
00:10:55following the stock market, we also
00:10:58carefully watched the 4.68 lira increase
00:11:01in diesel in the evening. When it
00:11:05was 12 o'clock, the signs started
00:11:07to change, but there were also
00:11:10signs that couldn't change. Now, the
00:11:14price of a liter of diesel
00:11:17in Istanbul has exceeded 100 lira
00:11:20and in some provinces, it has
00:11:24surpassed 101 lira, and in some
00:11:27provinces, it has approached 102 lira.
00:11:30This is a first in Turkey's
00:11:33history. It's a first in the
00:11:36history of the Republic. Diesel has reached
00:11:40triple-digit figures. We are now
00:11:43seeing five digits on the screen,
00:11:46and it has exceeded 100 lira.
00:11:49This also happened. Oil prices are
00:11:52currently at 105 dollars, but for
00:11:55a long time, the Saudi Arabian
00:11:59East-West pipeline was closed. There are
00:12:02Houthi interventions in Bab-el-Mandeb,
00:12:06and that area came under Houthi
00:12:09control. The connection between Asia and
00:12:12Europe was severed. The Russia-Ukraine tension,
00:12:15the Russia-Europe tension increased. In Libya,
00:12:18the valve was closed. Saudi Arabia
00:12:22said, "Okay, calm down, I will
00:12:25increase the supply a bit." Luckily,
00:12:28oil prices dropped by about 2
00:12:31dollars, becoming 105 dollars. And
00:12:35yesterday, diesel also received a
00:12:394 lira 68 kuruş increase,
00:12:42and for the first time in
00:12:46history, a liter of diesel exceeded
00:12:49100 lira. However, on the screens,
00:12:53we now see
00:12:56that in a gas station in
00:12:59Europe, the price is 101 lira.
00:13:02For example, in Antalya, or in
00:13:06Izmir, Ankara, in some places,
00:13:09the signs have changed immediately.
00:13:13We showed you the level exceeding
00:13:16100 lira. But on some signs,
00:13:20there is no diesel price.
00:13:23Because, as we always explained,
00:13:27the pump's screen doesn't take three-digit
00:13:30or five-digit numbers. What did the
00:13:33gas stations do? They pasted paper
00:13:36here, wrote it by hand. Or
00:13:39they left this screen blank and
00:14:16the diesel screen is blank, and
00:14:20they have given the 100 lira
00:14:23on the screen below. Or
00:14:27they left it at 99.99
00:14:31because it didn't accept 100 lira.
00:14:34Either handwritten paper was pasted,
00:14:38or it was taken here as
00:14:42100 lira 31 kuruş. So, such
00:14:45solutions were produced because the technology
00:14:49digital screen
00:14:50doesn't take 100
00:14:55lira. When it doesn't take it,
00:14:57they need to be re-adapted.
00:15:01We said that 100 lira is
00:15:04not that much necessary, but
00:15:08225 million lira investment is needed.
00:15:12Those who didn't or those whose
00:15:15system wasn't updated found such solutions.
00:15:19They either left it at 99,
00:15:22or the screen remained blank, or
00:15:26it became 000, or they pasted
00:15:29paper, or they dropped the kuruş.
00:15:32So, we started the day with
00:15:35such solutions, such a confusion, with
00:15:39the process of getting used to
00:15:42100 lira. Gas stations are not
00:15:45ready. I also saw 000
00:15:49when I was coming from the
00:15:53Anatolian side. Our pockets are
00:15:56not ready at all. Minister of
00:16:00Treasury and Finance Mehmet Şimşek said
00:16:03yesterday that diesel is around
00:16:07100 lira here, but it's 150
00:16:11lira in Europe. So, he said
00:16:14it's cheaper here and more expensive
00:16:17in Europe. Then we sat down,
00:16:20and of course, everyone thought
00:16:24of salaries and purchasing power.
00:16:27So, we wondered if our purchasing
00:16:31power would be enough for 100
00:16:35lira. How much are our salaries
00:16:38and how much are European salaries?
00:16:42We also calculated how much each
00:16:45person can afford. On the one
00:16:49hand, we turned to the US
00:16:52Central Bank, the Fed, which
00:16:55increased interest rates by a
00:16:58quarter point after 3 years. Trump
00:17:02went crazy. He said, "Lower the
00:17:05interest rates!" He said, "In this
00:17:09inflationary environment, I have to
00:17:12pull this weapon, I am increasing
00:17:16interest rates." Inflation in
00:17:20the US is 3.4%, and
00:17:23they are also experiencing fear of
00:17:27inflation. We will follow all these
00:17:30developments and elaborate on them for
00:17:34you. If my struggle with the
00:17:38headphones ends, I will hear
00:17:41the blessings of the director. What
00:17:45can we do? May the audience
00:17:48forgive us. I will hear you
00:17:51children by doing this. I have
00:17:55a test with headphones. Yes,
00:17:59the cash flow in Turkey is
00:18:02with you. The sound flow was
00:18:06cut off. My connection with the
00:18:10director was cut off, but I
00:18:13can hear you now, please forgive
00:18:16me. I will also welcome my
00:18:20guests, but it's cold here, and
00:18:23Ceren has also gone to the
00:18:27gas stations. We started a
00:18:31chaotic day yesterday. There was an
00:18:34increase, but it couldn't be displayed
00:18:38on the screen. We used paper
00:18:41and pen. Those who didn't use
00:18:45it displayed 100 lira. What's happening
00:18:48at the gas stations? The citizens'
00:18:51problem is separate, and the gas
00:18:55stations' problem is separate. Today,
00:18:58public bus drivers and members of
00:19:02the tradesmen's chambers will protest in
00:19:06Ankara. They are asking how
00:19:09they will live and what they
00:19:13will do with these diesel price
00:19:16increases, and what will happen to
00:19:20them when everything from needles to
00:19:23thread becomes more expensive. Let's
00:19:27see what the situation is at
00:19:31the gas stations. Ceren Oral will
00:19:34tell us. For the first
00:19:37time in Turkey's history, a liter
00:19:41of diesel has exceeded 100 lira.
00:19:43And it is currently trading
00:19:47at 101 lira on the signs.
00:19:51The difference between gasoline and diesel
00:19:54is 20 lira. I'll immediately step
00:19:58out of the frame so Mehmet
00:20:01Ali Şener can show you the
00:20:04table. Just two days ago, when
00:20:07we were broadcasting here, it was
00:20:1096 lira. While we were
00:20:13wondering if there would be an
00:20:15increase or not, and if the
00:20:19SCT would come at the beginning
00:20:23of October, the increase came.
00:20:25An increase of 688 kuruş.
00:20:28It was reflected on the signs
00:20:32at midnight, and a liter of
00:20:36diesel rose to 101 lira 6
00:20:40kuruş. Above that, we see
00:20:43gasoline, which is 81 lira 6
00:20:47kuruş per liter. Autogas is
00:20:50trading at 32 lira 98 kuruş.
00:20:54So, we are actually feeling
00:20:57the effects of the war in
00:20:59the Middle East here, but at
00:21:03the same time, no action is
00:21:07being taken to prevent it, because
00:21:11ship traffic in the Strait of
00:21:14Hormuz has come to a standstill.
00:21:18Of course, when
00:21:21there is a decrease in oil
00:21:24shipments, prices put upward pressure
00:21:28on prices. Before the war, Brent
00:21:31crude oil was around 70 dollars. Currently, it is
00:21:35progressing at 105 dollars. For example,
00:21:39you came here to the gas
00:21:43station, and you are going to
00:21:46fill your vehicle. If you have
00:21:50a 40-liter tank, the cost of
00:21:54filling a tank in Istanbul is
00:21:574011 lira. In Ankara,
00:21:59it is around 4057 lira.
00:22:03So, we are actually talking
00:22:06about very high figures. It's
00:22:10a budget issue here for citizens
00:22:13to fill up their cars at
00:22:17gas stations to travel. But
00:22:20on the other hand, there are
00:22:24working people. We talk to them here,
00:22:28and they say they can't afford
00:22:31these costs. Of course, it
00:22:35won't be limited to this if
00:22:37it's not prevented. As you know,
00:22:41diesel has also been removed from
00:22:45the mobile application. A 3-lira SCT
00:22:48started to be collected on September
00:22:511st. Now, another 6 lira will
00:22:54come in October, 9 lira in
00:22:58November, 12 lira in December,
00:23:02and the determined SCT amount will
00:23:05be 13.90 lira on January
00:23:091st, 2020. So, it won't
00:23:12stay at these levels only. Even
00:23:15if there is no increase, we
00:23:19can say that this price will
00:23:22multiply even more with the SCT
00:23:26coming every month. Here, for
00:23:30example, we see 100 lira on
00:23:33the signs. When we look at
00:23:37other stations on the road, we
00:23:40see that those systems have not
00:23:43yet been implemented. So, how
00:23:46is this? This means a separate
00:23:50cost. Since these are digital,
00:23:53the automatic system can be updated
00:23:56on new signs. But this update
00:23:59could not be done on the
00:24:03signs of old gas stations. For
00:24:06example, at some stations, they have
00:24:09written it by hand with paper
00:24:13in large fonts. Or we only
00:24:17see zeros. They need to be
00:24:20updated again. you applied today,
00:24:23will set the price on October 15th, and will make the payment within the following ten business days,
00:24:27announced a plan to make one payment per month for
00:24:306 funds. And
00:24:33also Emre Tezmen,
00:24:36Tera's manager, chairman of the board, made
00:24:39a statement, saying that in order to prevent
00:24:43the thousands of savers who trust these institutions and the institutions within Pusula Finans Holding
00:24:46that are experiencing difficulties in our sector from being victimized, we
00:24:50have put our hands under the stone. As Tera, we have made an agreement
00:24:54to acquire Pusula. So, Pusula Finans experienced difficulties in our sector.
00:24:58In order to prevent these difficulties from victimizing investors and
00:25:01putting the sector in trouble, we have accepted all responsibility,
00:25:05put our hands under the stone, and reached an agreement. He said
00:25:08that this was to prevent the system from getting stuck and to prevent investors from being victimized.
00:25:12He said that they did not want our citizens to be harmed,
00:25:15or our country's financial system to be harmed. However, unfortunately...
00:25:18He says that they are subject to a speculative attack
00:25:22by malicious forces. He says "malicious forces".
00:25:25I don't know that. I will ask you about it.
00:25:28He says that the malicious forces carried out a planned,
00:25:31aggressive, speculative attack on them.
00:25:35He says that the reason for this is that
00:25:38they are a domestic and national company, and the true children
00:25:42of this nation have become stakeholders
00:25:45in the economy. He says that the malicious forces who do not want this
00:25:49have carried out a planned attack on them. This sounded to me like an announcement saying "don't arrest us".
00:25:52He says, "I am also addressing our esteemed President from here." He says there is a serious call
00:25:56for the President to protect them. He sends his love and respect
00:26:00in this text. Then he says
00:26:02that this
00:26:05is a temporary liquidity problem, do not be afraid,
00:26:09and we ask all our regulatory institutions, especially
00:26:12the Capital Markets Board, to take the necessary steps
00:26:15against these extraordinary movements, and
00:26:18we want to believe that they will take these steps.
00:26:22Meanwhile, info investment, wait a minute, let's
00:26:26not forget this sentence. In the last
00:26:30paragraph, friends, give
00:26:34me the previous one. I'll read from here.
00:26:37He says that while these speculative attacks against
00:26:40our group continue, the attitude of those
00:26:43who shy away from taking responsibility or remain
00:26:47silent in this process will not shake
00:26:50our determination. What does this mean?
00:26:53So, those who remain silent,
00:26:56I guess in the public sector,
00:27:00he is referring to the financial managers.
00:27:07So, did the Financial Stability Committee
00:27:10make a statement today about the meeting
00:27:13it held until now? So, he is saying something like, did
00:27:17you not find the malicious forces in the public sector or in the management
00:27:20and did not pull us out from in front of them? Yes, he means you did not support us.
00:27:24Who are the malicious forces? We will tell you very clearly about the malicious forces.
00:27:27You go on to info now. I read the last
00:27:31paragraph for that reason. It's important. It
00:27:34blames some in power. It blames some in economic management,
00:27:38because these malicious forces are attacking us.
00:27:42They say it's planned. We are a domestic company, the true children of the economy are becoming stakeholders
00:27:45in the economy. Are you just watching? Is that what he means? So,
00:27:49these malicious forces are not domestic and national, then?
00:27:52It's not domestic, then it's like that. Also, the phrase "malicious forces"
00:27:56is very political, meaning it's been used by the government for years.
00:27:59While we are putting
00:28:10our hand under the stone, he also says that
00:28:13while they have taken their place in the economy as
00:28:17the true children of this country, malicious forces are attacking them.
00:28:20In the section you read, he says you are also watching.
00:28:23Yes, we will do something now.
00:28:27You are left watching. So, which institutions in economic management
00:28:31or ministry? Is he referring to the SPK? Because this is not the SPK in the last paragraph.
00:28:35This probably refers to the Central Bank, banks,
00:28:38those kinds of things, meaning probably treasury management.
00:28:41I say probably. The chairman of Hedef Holding and Info Yatırım Holding,
00:28:44Namık Kemal Gökalp,
00:28:47of Info Investment, that is, Hedef Holding and Info Investment,
00:28:51was also detained. Hedef Holding's assets
00:28:54are approximately 9 billion liras, and Info Investment has a balance sheet
00:28:58size of 38.6 billion liras. Meanwhile,
00:29:01an investigation has been launched against the former chairman of Borsa Istanbul
00:29:05due to his social media posts. So much has happened yesterday.
00:29:08Almost every development that would affect the stock market
00:29:11has taken place. İbrahim Turan, the former stock market
00:29:15chairman, an investigation was launched
00:29:18against him due to his social media posts. The reason is
00:29:22that the posts could cause fear and panic among investors.
00:29:25This morning, the Financial Stability Committee
00:29:28met. 6 million investments in funds.
00:29:31A size of 11 trillion liras is calculated according
00:29:35to MKK data. Therefore,
00:29:38these funds have grown very rapidly recently. Both money
00:29:41market funds and stock funds.
00:29:44As the number of investors also increased, 500 thousand accounts are mentioned
00:29:48in Tera and Pusula. Of course,
00:29:52enormous sizes were formed. There are funds that reach a value
00:29:55as large as Tüpraş, Turkey's largest company. There are funds that exceed Turkcell by 4-5 times.
00:29:59Now, when there is selling pressure, and when stocks are sold rapidly,
00:30:02the market value dropped. Problems were experienced with payments.
00:30:05The Financial Stability Committee covers a limited
00:30:09area. The problem will not spread,
00:30:13and the liquidity problem will also be solved.
00:30:16Therefore, we expect
00:30:18the statements to be resolved. For example, a problem. Now, think of it this way,
00:30:22I am giving an exaggerated example.
00:30:26You bought the shares of a company worth 100 million.
00:30:29With transactions,
00:30:32you increased a company with a normal market
00:30:36value, a normal IPO value, weighted value
00:30:40of 100 million, to 100 billion liras
00:30:43with speculative transactions. You increased
00:30:46its market value to 100 billion liras. Now, as collateral, you say, here
00:30:50is 100 billion liras of collateral, there is a company,
00:30:54look, 100 billion liras, the stock market price is like this. Which money
00:30:57fund will give money for this now?
00:31:00If you try to sell
00:31:03this company, for how much will you sell it?
00:31:06There are no buyers. Such happiness schemes,
00:31:09professor. I wish it had been done
00:31:12and these funds had been audited in time.
00:31:22Now, Mehmet Şimşek drew attention to this issue last December,
00:31:25as you know. I mentioned it before, it was October last year.
00:31:29On October 10th, I wrote
00:31:32about this issue on Halk TV, and I repeated
00:31:36these things in the "Why and What Happened"
00:31:39program before you. For a year, I have been intermittently
00:31:42warning about the risks of this fund
00:31:46market. Now let's come to the malicious
00:31:49forces. Now, professor, is this a liquidity
00:31:53crunch, a temporary liquidity crunch, a system
00:31:57thing, a system problem? Meaning the inflated
00:32:00prices are left without
00:32:03a counterpart. As I said,
00:32:06you made a 100 million company 100 billion,
00:32:10there are no buyers. So, these inflated
00:32:13prices are returning to their place, coming to equilibrium. When you buy, it rises, but
00:32:17when you sell, it falls very quickly. Now, there are two ways here. You will either say
00:32:21that whoever made money while bringing this from 100 million
00:32:25to 100 billion, whoever made money,
00:32:27you will seize their assets. They will take
00:32:31this to If you nationalize this,
00:32:35be careful, if you nationalize
00:32:38it,
00:32:40you will be nationalizing a company that is not worth 100 billion.
00:32:43"There are many such companies now. It's not just one. There are
00:32:475-10 such companies. So, the SPK also announces
00:32:50measures. The values are billions.
00:32:54For example, Kerim Rota mentioned a factoring company.
00:32:57It has a market value of over 800 billion.
00:33:00So, it's almost half of the Turkish
00:33:03economy, meaning 1.7
00:33:06trillion dollars. So, there is a factoring company that is half the size of the Turkish economy.
00:33:10Now, if you nationalize this, what will happen? 800 billion."
00:33:13Will you be able to sell this for 800 million?
00:33:16Now, here, let's
00:33:19look at the background. Contagion effect. Yes,
00:33:23there may be a risk of contagion effect. These need
00:33:27to be highlighted. I don't follow the stock market much. So,
00:33:30there are winners and losers in the stock market. But
00:33:33when I look at bond yields, for example, it affected bond yields yesterday.
00:33:37It affects interest rates. Interest rates increased by nearly 2 points.
00:33:40Now, bond yields increasing by nearly 2 points
00:33:44for a few days, short-term bond yields increased from 39.5 to 41.5.
00:33:48These are other things that will affect the market. Yesterday, we shared
00:33:51Mr. Mert's post.
00:33:54What does he say in that post? If these
00:33:57fund markets
00:33:59are negatively affected, money may flow to other
00:34:03areas. These risks also need to be taken into account.
00:34:05But more importantly, let's come to the malicious
00:34:09forces. Now, first of all, dear viewers, Pusula's
00:34:12subsidiaries include Katılım Evi. They have a "Bir Evim" (My Home) company.
00:34:16Investors are now expecting a statement from them, dear viewers.
00:34:19Now, let me go step by step. First,
00:34:23Pusula. When you say Pusula, you see in public
00:34:27a 28-year-old young
00:34:29man, an AK Party
00:34:33youth, 28 years old,
00:34:36who has taken hundreds of billions of liras in funds,
00:34:40grown them, managed them, such inflated things.
00:34:43His father and he himself have continuously
00:34:47received penalties, but he is an AK Party youth. When you look at Tera,
00:34:50it's also AK Party, meaning
00:34:53again, the extended arms of the AK Party. Info is
00:34:57already people who left Yenişafak, also AK Party.
00:35:00So, all these systems
00:35:02that have been formed, all these systems
00:35:06we are talking about, are AK Party. All of them.
00:35:09It has nothing to do with the opposition.
00:35:12All of them were established by AK Party members.
00:35:15Professor, the problem is not that they are party members.
00:35:19The problem is why there is such a problem here, why am I saying
00:35:22AK Party? Ebru Hanım, from this perspective,
00:35:25these kinds of transactions are recorded.
00:35:28The authorized institutions of the market
00:35:32see them instantly. I mean, even Mehmet Şimşek warned,
00:35:35as I said. I wrote it last October. Mehmet Şimşek warned in December.
00:35:39You are not managing the economy, so you warn.
00:35:42But I will draw attention to this now. I will tell you the meaning
00:35:46of Mehmet Şimşek's warning. So,
00:35:49even the Minister of Treasury and Finance warned that there is a problem
00:35:52here, there is manipulation in the funds, last year.
00:35:56The relevant institutions, the relevant public institutions,
00:36:00see these transactions recorded minute by minute.
00:36:04Therefore, why AK Party members?
00:36:07So, why did the relevant institutions not intervene
00:36:10in this system, which everyone, even Mehmet Şimşek, warned
00:36:14about for a year? Why did public
00:36:17institutions not take measures for a year?
00:36:21That's why I say all of them are AK Party members.
00:36:24Did the risk arise today? No, the risk did not.
00:36:28Meanwhile, the SPK banned the owners and managers of Pusula e-Portföy Holding
00:36:32from trading. That's not a big deal. Now,
00:36:36they also banned others
00:36:39from trading. So, are you saying there is a political
00:36:43disagreement in the background? Now, if no, no.
00:36:46You are now through public institutions,
00:36:49whether they turned a blind eye, or didn't see it,
00:36:53we don't know what kind of network it is. This system,
00:36:56they created what we can call the chains
00:36:58of the system. As I said, all of them are AK Party members.
00:37:02So, if an opposition member
00:37:05bought 3 or 5 shares, they would be immediately hanged.
00:37:08They cannot enter this system, absolutely not.
00:37:12Now, if there is a malicious entity here,
00:37:15if it's as Emre Tezman says, everyone
00:37:18needs to look in the mirror in this system. So,
00:37:21they shouldn't look at anyone from outside.
00:37:24They did it themselves. They did it themselves. Now,
00:37:28the Ministry of Treasury and Finance has a dilemma. What
00:37:31is the dilemma? Now, you have a company worth 100 million,
00:37:35for example, as I gave the example earlier, worth 100 billion liras. How will
00:37:38you fund this? Through which public resources
00:37:42will you be able to transfer money here?
00:37:45You transferred money here through the Money Market Fund.
00:37:47What will be the collateral tomorrow?
00:37:51Now, I am looking at the statement of the Financial Stability
00:37:55Committee and the statement of the Central Bank.
00:38:00In the funds, two major portfolio
00:38:03companies are mentioned as having 500,000 accounts.
00:38:07This information is obtained from the records. It is estimated to be so.
00:38:10The record data states this, and it says
00:38:14that it defaulted. So, Tera, who wants
00:38:17to buy it afterwards, says that it defaulted
00:38:20on two funds, stock and money market funds.
00:38:24The investor wants their money, and it says it cannot make payments.
00:38:27For its six funds, it says it will set a price once
00:38:30a month, and it will pay
00:38:33your money 10 business days after setting the price.
00:38:37It says it will make one payment a month. You said earlier that these news
00:38:41are not easy news. So, first, they said
00:38:44that the responsibility for Tera's acquisition of Pusula
00:38:48was not theirs, but then they made a statement saying
00:38:51that they are acquiring it to help. Isn't there a contradiction there?
00:38:55Now, it's like this.
00:38:59When Pusula got into trouble, and
00:39:03the system there cracked, when the walls
00:39:06cracked, there are things that Bahadır Özgür
00:39:10also wrote about, that they need to be saved.
00:39:13Emre Tezmen's statement also gives hints
00:39:17about that. So, what was he saying? Friends,
00:39:21can you bring back the previous thing? The system
00:39:24should not fall into instability, and this problem should not escalate.
00:39:28To protect investors, we put our hand under the stone.
00:39:31Let me read Emre Tezmen's previous tweet,
00:39:34his statement, from there, because Emre Tezmen
00:39:37also says there that this
00:39:41will be a big responsibility. Look, this is a very important sentence.
00:39:44I want it to be well known that
00:39:48while these speculative attacks against our group continue,
00:39:51the attitude of those who shy away from
00:39:54taking responsibility or remain silent is a very
00:39:58important sentence. This is a very important thing. So, he says that everyone remained silent
00:40:01for Pusula. We put our hand under the stone.
00:40:05Then he says that they became targets of malicious forces, and they were not supported either.
00:40:09That's what it means.
00:40:11We were not supported either.
00:40:13How will you give it? What will you give? Who are the malicious
00:40:17forces now? You say those who remain silent are public institutions.
00:40:20So, here, probably when you say public institutions,
00:40:23you mean the decision-making management, the economic management?
00:40:27That's a good question.
00:40:30He says that an agreement has been reached, but payment has not been made,
00:40:33and the approval process has not been completed, as far as I understand.
00:40:37How did it put its hand under the stone? By making an agreement?
00:40:40By announcing that it will buy?
00:40:43And if you remember Tera, Tera had already
00:40:46announced earlier that it would buy
00:40:50some of Pusula's shares for about 10 billion liras.
00:40:54So, it had made an announcement for an acquisition of up to 10 billion liras.
00:40:59It had said that Tera would buy it for Katılım Evi.
00:41:02Yes, now, last Friday,
00:41:05Tera said that negotiations had started
00:41:09and that it would acquire it, and then on Sunday evening,
00:41:12it suddenly said that it had acquired it. But then on Monday,
00:41:15it said that official approval had not yet been received from official institutions.
00:41:19It said it acquired it, but official approval had not been received.
00:41:22What is the situation? We don't know what the situation is.
00:41:25So, Pusula's statements are like this. We entered
00:41:40its target. We were attacked. Now,
00:41:44it expects you to take measures. Malicious forces cannot be the opposition.
00:41:48The opposition is currently not like that. To me,
00:41:51it's foreign. No,
00:41:53because it says that this system,
00:41:57it says somewhere that even if it's foreign,
00:42:01where was it? It says somewhere that even if it's foreign,
00:42:05they can't handle it, but we are domestic and national. It says they don't want this.
00:42:08He says they are targets of malicious forces. Yes,
00:42:12we, as the true children of this country,
00:42:15he says, have become important
00:42:19actors in this economy. He says they don't want this. So, there is a serious
00:42:22thing here too, a direct
00:42:25appeal to the government, a sort of escape
00:42:28from the penal situation that responsibility brings.
00:42:32It seeks refuge, so to speak. They say what is it called?
00:42:35It asks for help. After that, one side.
00:42:49The fact that it is being used
00:42:52as a tool for such demands deeply saddens
00:42:55me. What does it have to do with being domestic and national?
00:42:58There is a serious breach in this country's economy right now.
00:43:02Yesterday, 583 stocks fell on the stock market.
00:43:06It is stated that over 100, 60 stocks hit the lower limit.
00:43:10112 stocks were also very close to the lower limit.
00:43:13Here, not only those who invest in funds,
00:43:16but also those who invest in stocks have lost seriously.
00:43:18Contagion effect. There are losers.
00:43:22Well, aren't there big winners? When these
00:43:26funds, these stocks, were rising,
00:43:28there were also winners. That's why I'm saying that the winner
00:43:32can also lose. I'm not looking at the stock
00:43:36market individually.
00:43:40Rather than trying to understand what happened in each event,
00:43:43I'm trying to give the general macro. The general
00:43:47macro is this: all these structures,
00:43:49all these formations, all these structures created by price inflation
00:43:52are AK Party members. All of them.
00:43:56They received some favors,
00:44:00they were ignored. I repeat, even Mehmet
00:44:04Şimşek warned. Everyone warned. Everyone in the public
00:44:08warned. Mehmet Şimşek.
00:44:11But institutions were late
00:44:14in taking measures. In fact, the SPK chairman
00:44:17changed during that process.
00:44:21Who attended the meeting now? I will tell you
00:44:24now. This structure is entirely
00:44:28under the AK Party government. Now, if for example,
00:44:31yesterday, I saw a tweet from someone from the AK Party.
00:44:34It was probably Prosecutor Sayar. He says this is an operation
00:44:37against our President. Brother,
00:44:41these are all your children. All these children are yours.
00:44:44Why would there be such an operation? Why is there no one
00:44:48here but your children? We are domestic and national.
00:44:52You are domestic and national. These systems were established entirely
00:44:55by your children. Prosecutor, if
00:44:58those children say we were attacked by malicious forces, what kind of attack?
00:45:02A company worth 100 million. But if you are a company as big as Tüpraş,
00:45:05with a large market value, can't
00:45:08you make this payment to investors? I'm asking because I don't know, sir.
00:45:12I mean, let's say you reached a market value as big as Tüpraş,
00:45:15you reached such a fund value. When an investor asks
00:45:19for their money, shouldn't you be able to meet it?
00:45:22That fund value, Ebru Hanım, is now
00:45:26a company on paper worth 800 billion. It's a factoring
00:45:30company. You are also a partner in the fund. You are selling
00:45:33the fund, you are asking for money from the fund. What does the fund do now?
00:45:37It will sell that stock and pay you money. There are no buyers.
00:45:40It cannot sell the stock, or it falls very quickly.
00:45:44The market value is falling. No buyer comes forward
00:45:48for an 800 million or 80 million company at a value of 800 billion.
00:45:51Why didn't you buy it? So, if such a situation can happen,
00:45:55shouldn't you consider whether you are strong enough to pay the investors
00:45:57without defaulting?
00:46:00They brought the system. Such systems,
00:46:04as I wrote last year, such systems
00:46:07will eventually collapse.
00:46:10I give the example many times. If you say Seçil Erzan
00:46:14committed a crime, I say they committed
00:46:17thousands of times that crime on the stock market
00:46:20through these structures.
00:46:23And they affected all investors.
00:46:26Currently, all of them are AK Party members. Now, with the contagion effect,
00:46:29even the very solid, very reliable
00:46:33stocks that have nothing to do with these things
00:46:36are affected. Contagion effect. But I'm going beyond that.
00:46:39I'm saying that those who invest in the stock market will say,
00:46:42"Brother, the stock market is a risky market, it goes up and down."
00:46:46My company's financial
00:46:49situation is like that. I will tell you this finance.
00:46:59In the end, it will quickly return to equilibrium. There is no problem
00:47:03with them. There is a problem with this speculative and
00:47:06manipulative thing. But another area
00:47:10of contagion effect, I repeat,
00:47:13is interest rates. Another area
00:47:16is that in the future, if trust is lost, measures may be needed in the foreign exchange market.
00:47:20Measures in the interest rate market. You said that yesterday,
00:47:24we shared Mert Yılmaz's tweet. Mert Yılmaz says that
00:47:28money will go to foreign currency if there is a loss of trust here.
00:47:32Therefore, ensuring trust, I said
00:47:35that yesterday for that reason, ensuring trust in the markets
00:47:39with transparency and openness. They just started,
00:47:43but they just started. Today's morning meeting was attended by Minister of Treasury and Finance Mehmet Şimşek,
00:47:46BRSA Chairman Şuhap Kavcıoğlu, Central Bank Governor Fatih Karahan,
00:47:50SPK Chairman Mahmut Sütçü, "fund TMSF Chairman
00:47:54Savings Deposit Insurance Fund Fatin Rüştü Karakaş.
00:47:57The chairmen of all regulatory and supervisory
00:48:00institutions attended with the Minister of Treasury and Finance, and a statement was made.
00:48:04They say there is a problem with certain
00:48:07funds, it's a liquidity
00:48:10crunch, and they don't see it spreading or being a big problem.
00:48:14In summary, the Central Bank also announced measures, and the SPK will make
00:48:18new announcements. The SPK also banned
00:48:21Pusula's executives from trading." Will it be enough? Let me ask
00:48:25right away. Let's increase liquidity.
00:48:28Banks will have easier access to liquidity.
00:48:32A liquidity abundance will be created in the market.
00:48:36The Central Bank announced it would do this. Now, let's go back to my previous
00:48:39example. A factoring company worth 800 billion liras.
00:48:43coming out a lot. Kaşif received a fund, the investor
00:48:46sold that fund, the fund is trying
00:48:50to sell shares to pay back the money in return for
00:48:54the fund the investor is trying to sell. It can't sell, there are no buyers, 800
00:48:57billion, a company of 80 million for 800 billion liras or
00:49:01800 million, whatever it is,
00:49:04a stock that has increased 1000 times, 2000 times in the stock market has no buyers, it's a bubble, so now
00:49:08what happens when there are no buyers? The fund enters a liquidity
00:49:11crunch. How will you
00:49:15now fund a company that has inflated to 800
00:49:18billion liras with a fictitious value, through the money market with weekly
00:49:23repos, with Central Bank resources to prevent its spread
00:49:26to other places? Uh
00:49:30new new new new steps have
00:49:33to be taken. Look, I don't know what kind of
00:49:36steps they will be, but there are various
00:49:40suggestions to increase liquidity, to facilitate access to liquidity. That's how I understood it. Now, how
00:49:43will we facilitate this liquidity?
00:49:46But we don't know that. He says
00:49:49he will hold weekly repo auctions. He says there is a certain
00:49:52restriction on banks regarding liquidity. He says
00:49:56he will ease them, he says he will make it easier. Okay, but
00:49:59for an 800 billion or 100 billion inflated
00:50:02stock fund, what is the equivalent
00:50:06of what amount? I don't understand, I don't know,
00:50:09who knows? No one knows. So how much liquidity
00:50:12is needed and how will you help whom?
00:50:15I think they won't give information about this
00:50:19because they are trying to instill confidence in the market. Because that's the essence of the matter. Also,
00:50:23banks, banks are provided with liquidity
00:50:26through
00:50:29the money market. Now, Ms. Tuğba, the issue is, you
00:50:32used to, for example, what did you do with funds? There is a stock fund here,
00:50:36a stock fund, and there is a money fund here. Both belong to
00:50:40the same person. This stock
00:50:43fund used to borrow from the money fund
00:50:46to raise the stock, borrowing from the money fund
00:50:50at a high repo rate.
00:51:00That's a crime, isn't it, sir? No, teacher, it's a normal fund. In funds, it's a normal fund,
00:51:03but it's inflated and considered
00:51:06manipulative. They themselves are saying
00:51:09it now. We can say it today because
00:51:12the CMB has penalized these funds for manipulation
00:51:15today. Okay, so today, today
00:51:19all of them have been banned from trading. Yes, okay.
00:51:31it has indirectly announced that, I mean,
00:51:34with a trading ban, it says that here,
00:51:38manipulative transactions have been made, therefore, a trading ban has been issued
00:51:41to these and these people. Now,
00:51:45how will we overcome
00:51:48this liquidity with money? For example, you go to Tüpraş.
00:51:52"You give money from the money market
00:51:55in return for Tüpraş's value or Koç Holding or Sabancı Holding's value,
00:51:58but how will you give it to the other
00:52:01company? How much will you give? For example. How much
00:52:05liquidity will you be able to provide? As we said,
00:52:08there is a factoring company
00:52:12with a value half of Turkey's Gross National Product. How will you give liquidity to this now?
00:52:15Whose money will you give? So this
00:52:19could be a nationalization method
00:52:22as well. 13,417 was
00:52:25bright red yesterday, as of this morning it has turned green.
00:52:28There is a 2.25% increase in Borsa Istanbul for those who are curious.
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01:00:17We are in the time zone. The economic
01:00:20news in the morning. The financial stability committee meeting. The successive
01:00:23statements and measures have reversed the decline in the stock market
01:00:27to an increase of over 2% as of this morning. Yesterday,
01:00:31it had closed with a 5.54% decrease.
01:00:34While we were following the developments there,
01:00:38we also saw the historical peak price
01:00:40for diesel in Istanbul. The signs show
01:00:44101 liras and 60 kuruş. In some provinces, we saw prices exceeding
01:00:47102 liras, approaching 103 liras. There will also be a tax increase
01:00:51at the beginning of October. Oil prices are at 105 dollars,
01:00:55with Saudi Arabia intervening a bit, but the tension
01:00:58is at its peak. As diesel
01:01:01prices increase, today, members of the public
01:01:04bus tradesmen's chambers will hold a protest
01:01:08in Ankara, at the district terminal. Eda Erdağ is following
01:01:12that development, I guess it's a reaction to diesel.
01:01:16How will we operate public buses? "How will we
01:01:19cover this cost? What will we do?" they will probably say,
01:01:22Eda.
01:01:26Ebru Baki, we are at the Başkent District Terminal. As you said, the price
01:01:29increase for diesel is met with reactions
01:01:33from many parts of the country. Bus drivers, public bus drivers
01:01:36are among them, among the tradesmen. My cameraman
01:01:39colleague Güven Dinçmen should show you. As we said, at the Başkent District
01:01:43Terminal today, bus drivers are protesting,
01:01:46by turning off their engines.
01:02:04We see their writings here. They will make a press statement, but on the other hand,
01:02:08my cameraman colleague should show you that
01:02:10many buses from various districts of Ankara have
01:02:14turned off their engines at the district terminal.
01:02:30They express that they expect support, saying that free
01:02:33transportation causes them losses, and doesn't cover the costs.
01:02:37They say they are facing a reality of tradesmen who lose money as they work,
01:02:40go into debt, and struggle to keep their vehicles running.
01:02:44In their press release, they will
01:02:47announce to the public later why they turned off
01:02:51their engines. Many buses today
01:02:54will not operate in Ankara and will not serve citizens,
01:02:58due to increased costs.
01:03:08The public bus drivers here announce that they have decided to turn
01:03:11off their engines. We are continuing to follow both the statement
01:03:15and the protests. Thank you.
01:03:19They say, "How will we
01:03:22provide this transportation, this public transport, at these prices?" and they turned off their engines.
01:03:26The members of the private public bus tradesmen's
01:03:30chambers are protesting the diesel price increase in a way.
01:03:33Now, we will discuss
01:03:36the diesel price increase and what will become of us.
01:03:39However, there
01:06:26the damages that these
01:06:30systems will cause to society
01:06:34will also create serious problems. That's the issue.
01:06:37But as I said, the main
01:06:41source of this
01:06:44are AK Party members. They are
01:06:47all targeting the same information, the same
01:06:51terror, the same compass. They are all AK Party members. So
01:06:55the order they established, their thing, doesn't concern us at all,
01:06:58actually. It doesn't concern us at all. What concerns us is not
01:07:02the stock market part. Does it spread to interest rates,
01:07:05just like bond interest rates? Does it spread to loan interest rates?
01:07:08Sir, does it spread to the foreign exchange market?
01:07:12For example, the Central Bank has been selling foreign currency for about
01:07:16a week. Will it strain us? Will it affect
01:07:19the real economy? What
01:07:22will be the effects of nationalization on public finances?
01:07:25We are discussing these from our perspective.
01:07:29Otherwise, the grave
01:07:51was opened, the grave of Kaşif
01:07:54Kozinoğlu, the former MIT
01:07:57inspector, a MIT member, and also
01:08:01a person responsible for Central Asia, working abroad
01:08:05for MIT. Actually, we used to hear the name
01:08:08Kaşif Kozinoğlu years ago, but no one knew his face. He became
01:08:20a person whose photos with his scarf
01:08:23in front of the cameras were published extensively.
01:08:27He died in Silivri prison. 15 years
01:08:30later, his grave was reopened to determine if he was poisoned,
01:08:33given medication, or if it was really a heart attack.
01:08:37The investigation continues. There were also detentions
01:08:40before.
01:08:42The opening of his grave is a new development.
01:08:46His photos from his youth until the time he served
01:08:50in the special operations are now
01:08:53Kuzinoğlu was a MIT
01:08:55member. He worked for MIT for 17 years.
01:08:59Before that, he was in special operations.
01:09:01An investigation continues regarding his suspicious death in prison, conducted
01:09:05by the Istanbul Provincial Gendarmerie Command under the coordination of the Silivri Public Prosecutor's Office.
01:09:09They say that
01:09:15within the scope of this investigation, arrest and detention warrants
01:09:18have been issued for the former Silivri Chief Public Prosecutor, the former Prison Prosecutor, and
01:09:22two of Kozinoğlu's cellmates, meaning four suspects.
01:09:26So, there is an arrest warrant and a detention
01:09:28warrant for the then Silivri Chief Public Prosecutor, the Prison
01:09:32Prosecutor, and two of Kozinoğlu's cellmates,
01:09:35meaning four suspects.
01:09:38An operation is being carried out simultaneously
01:09:42in Ankara and Istanbul.
01:09:45Three suspects found in Cyprus
01:09:49are apprehended and taken into custody.
01:09:52One person is identified as being in Cyprus.
01:09:54Here, when they say cellmate,
01:09:57we understand that Atilla
01:10:00Uğur is one of the names
01:10:04taken into custody, right, kids? Cyprus. Yes, we understand
01:10:07that Hasan Atilla, who is in Cyprus, is one of the names for whom a detention warrant
01:10:11has been issued. "So, when they say
01:10:14cellmate, a detention warrant has also been issued for Oğuzhan Uğur's
01:10:18father, Atilla Uğur. Oğuzhan Uğur
01:10:21was in prison. Oğuzhan Uğur's father
01:10:24Oğuzhan Uğur was also in prison. An arrest warrant was issued
01:10:28and he was arrested within the scope of the Ahbap investigation.
01:10:31Now, within the scope of the Kozinoğlu investigation,
01:10:34two cellmates, the prison prosecutor
01:10:38and the Silivri Chief Public Prosecutor." So, during the Ergenekon process, he stayed
01:10:53inside for 5 years and more. He stayed
01:10:57inside. And this Kaşif Kuzinoğlu
01:10:59process, now, first of all, when I look at
01:11:03the statement of the esteemed minister, I don't find it very
01:11:07sincere that they say we will not leave any suspicious deaths
01:11:10from the past in the dark. Because
01:11:14there are many suspicious deaths
01:11:17that remain in the dark. Why not them, but
01:11:20this kind of situation? Of course it was done.
01:11:23Of course. So,
01:11:26there are people who were identified as a result of suspicious death
01:11:30and were released in a very short time. They are still
01:11:33among us. So I didn't understand
01:11:37what was prioritized here. I think
01:11:40there are other circumstances that none
01:11:43of us know about. This is my comment. Now, here, no one
01:11:47knows exactly why Kaşif Kozinoğlu's case,
01:11:50whether it was murder or not, is being investigated.
01:11:54First of all, we need to state this. So, no one still fully understands
01:11:57why. Of course, if there is
01:12:01a suspicious death, let it be investigated, and let us know, and
01:12:04let justice be served. But why now?
01:12:07Why is it going this
01:12:11way? We just can't understand it. Now, you know
01:12:14there was a FETÖ operation behind the Ergenekon
01:12:18process, I mean, Ergenekon Sledgehammer. Remember that period?
01:12:22Yes, and if we continue from here,
01:12:25FETÖ actually stands here as
01:12:28a terrorist organization. This Kaşif Kozinoğlu
01:12:31matter was expanded with the Valley of the Wolves
01:12:34issue, as you know. Mr. Kaşif's
01:12:37cellmates, there are three of them in the cell,
01:12:41if I remember correctly. But there is a third name, if I remember
01:12:44correctly, and a detention warrant has been issued for that name. Could you
01:12:48check that name? One is Hasan
01:12:50Atilla Uğur. There is one more name, a cellmate
01:12:54of his. Detention warrants have been issued for two names. Also, about
01:12:58Mr. Kaşif, I think it was Saadettin Bey, the journalist
01:13:02Hasan Ataman Yıldırım. Hasan Ataman Yıldırım is a cellmate, and also
01:13:05a journalist was detained.
01:13:08Hmm, yes, yes. We don't know anything about
01:13:12that right now. Actually, Selahattin Günday, Mr. Selahattin, sorry,
01:13:16I said Sadettin. Now, this Atilla Uğur had
01:13:19already been in prison in the past and then
01:13:22wrote and drew somewhere. He's not an unknown figure. I can say he's a known
01:13:26figure. There's a detail there.
01:13:29Mr. Kaşif was exercising in his cell
01:13:33and then suffered an illness. He needed
01:13:37to be hospitalized. The say
01:13:40there, the cell, that his body reacted
01:13:43to the exercise. Yes, his heart,
01:13:46that's what the records say. But
01:13:50his cellmates say that he did his usual
01:13:54exercise. He didn't
01:13:57exert himself excessively, he says. He has been
01:14:00exercising for years. Yes, then there is
01:14:03an execution officer, or officers. We know
01:14:06one of them is abroad. He says, "Did the ambulance
01:14:10arrive late?" He gives a statement
01:14:14that highlights the suspicious
01:14:17nature of the incident, and he is currently abroad.
01:14:21He says that after the alarm,
01:14:24the ambulance was called, but it arrived late. He presses
01:14:27the alarm, presses the button, but it's not heard
01:14:31for a while, then they intervene,
01:14:34then an ambulance is called, but it arrives late, there are such
01:14:38claims. Yes, so when we look at all these claims,
01:14:41they seem to point to a suspicious death. One of them is already a fugitive,
01:14:45I mean, his friends don't say he is a fugitive
01:14:48abroad, but a detention
01:14:51warrant has been issued. But now, this suspicious
01:15:00direct detention. Could it be that they detained these people
01:15:03as a way to get information? Detention and getting information have become intertwined
01:15:07in our legal system, unfortunately. So here,
01:15:10normally, it should just be to get information,
01:15:13and they seem to have given
01:15:16a statement in that direction, we see, but
01:15:19beyond that, perhaps there are other things.
01:15:23Now, beyond that, there might be a crime that necessitates
01:15:26their detention. If they are part of
01:15:29a network, where does this network
01:15:33lead? I know from the statements of
01:15:36the Minister of Justice, Mr. Akın Güllek, that he explained
01:15:40it as a detention order. Yes, a detention order.
01:15:43Sometimes
01:15:45they can also make an arrest instead of taking their statement. Because
01:15:48due to my past experiences, unfortunately,
01:15:51I cannot say anything definitive here anymore.
01:15:58As you can see on the screen, he participated in a program with his son.
01:16:01The former soldier was in prison for 5 years for Ergenekon, as you said.
01:16:05He says, "I'm in Cyprus, I'll return on the first plane."
01:16:09They called him as a suspect, which is
01:16:12a serious accusation. Now, we know
01:16:16that the people closest to Mr. Kaşif are his close
01:16:18friends from before. Therefore,
01:16:22taking his statement as a suspect
01:16:26is frankly a bit disturbing,
01:16:29I think. The critical thing here is that
01:16:32yesterday, Aytunç Erkin, the journalist Aytunç Erkin,
01:16:36made a very interesting analysis. He both wrote
01:16:40about it and talked about it.
01:16:43He says that the person who
01:16:46assigned Mr. Kaşif to MIT
01:16:49was Hakan Fidan. And this
01:16:53was the MIT Undersecretary at that time, wasn't it, Hakan Fidan?
01:16:57Yes, he says the tip of this investigation,
01:17:00the tip of this suspicious death investigation, could also reach Mr. Hakan.
01:17:04He makes such a deduction.
01:17:07This is interesting, it caught my attention.
01:17:11It's being discussed a lot in AK Party circles, yes.
01:17:14This Kozinoğlu case,
01:17:17since the day it opened, it has been discussed in AK Party circles
01:17:21that the end of this could reach Hakan Fidan.
01:17:25If we go back to the beginning, this was tried before, you know,
01:17:28and the target there was the esteemed president.
01:17:31Hakan Fidan gave him the news of the investigation
01:17:34when he was going into surgery, that's right. After that,
01:17:38the president gave his instructions before going into surgery.
01:17:42A very serious process was experienced during that period,
01:17:46yes, I mean, why is it not the FETÖ period, right? I remember correctly. Of course,
01:17:49such a progression was prevented. I don't remember the details,
01:17:53but now eyes are
01:17:57turning towards this. As I said, why now?
01:18:00When there are so many dark
01:18:03suspicious deaths and so on, why now? Why this?
01:18:06When we think about it, I get the impression
01:18:10that we are at the beginning of a process that
01:18:14will be linked to something else that we don't know about.
01:18:17Also, you know, the Valley of the Wolves Ambush
01:18:20team was also taken, their statements were taken,
01:18:24I mean, their information was consulted.
01:18:27But they did that in the form of detention. No, they called them for
01:18:31a statement. Is calling for a statement considered detention?
01:18:35Witness. Witness.
01:18:48An investigation
01:18:55was launched regarding the Valley of the Wolves, of course, regarding the series, regarding that period.
01:18:59Yes, when you watch the relevant
01:19:01clip, just two
01:19:03days before Mr. Kaşif's death,
01:19:16in the series, there is a sports message because Mr. Kaşif exercises.
01:19:20It is said that the license plates
01:19:22are FG.
01:19:26So there are many such
01:19:29coincidences in July, with references to 2016.
01:19:33Emphasis on July. It's a striking set of data
01:19:35that can't be a coincidence. It talks about things like
01:19:39Fenerbahçe, Aziz Yıldırım, Ali Koç. It's even there. I
01:19:42haven't watched it at all, so I don't know. Our editor,
01:19:45Bedircan, is watching it. Bedircan Özbey has watched it a lot. He
01:19:49knows every line. I haven't watched it either, so it didn't catch
01:19:52my attention. There are people who can interpret
01:19:55this better, but maybe
01:19:59they were asked, "Where did you get this information?"
01:20:02They said it was a coincidence. I asked, "Is it a coincidence?"
01:20:05Just like I said earlier, there's a set of data that
01:20:09cannot be described as a coincidence.
01:20:11That's what I said. After that, Osmanlı Sinav
01:20:15probably left after 55 episodes. It is claimed and rumored
01:20:19that Osmanlı Sinav left exactly when the series was most watched
01:20:22because FETÖ got involved. Such news
01:20:26is being made. We don't know that either.
01:20:29Our great state should investigate
01:20:32how FETÖ infiltrates here and reveal it,
01:20:35since they have entered this issue. All of us can only comment
01:20:39on what we have watched. Frankly, we don't know that much.
01:20:42So, within the scope of all these investigations,
01:20:45not just this one, all these investigations we've watched,
01:20:48who knows where it politically stems from?
01:20:52All of us are like this from thinking, but at that time, when these cases
01:20:56were criticized, people were accused of being "Ergenekonist"
01:20:59and being coup plotters. We see another
01:21:03similar situation to the picture I was trying to paint,
01:21:06another similar situation in the fund market.
01:21:10What did I say about the fund market?
01:21:13and created this system are AK Party members. Now, in the
01:21:16Kaşif Kozunoğlu case,
01:21:19those who appointed those judges, prosecutors,
01:21:22those people, at that time, it was completely the AK Party.
01:21:26This has nothing to do with the opposition. The series was
01:21:29almost like that. Even at that time,
01:21:32the opposition was still inside with the Ergenekon Sledgehammer thing.
01:21:36The opposition was still being imprisoned.
01:21:38Therefore, this incident is entirely the AK Party's
01:21:42internal matter, not the opposition's. They might try to involve
01:21:45some there, but if a system
01:21:49or something emerges, it should be the AK Party's
01:21:52own period, its own analysis. This
01:21:54doesn't concern the opposition, of course. This is Aytun Çerkin's
01:21:58bringing up an issue that Tuba Hanım (Tuba Torun, Aytun
01:22:02Çerkin) has brought up several times before,
01:22:05bringing it up again.
01:22:07So, where will the investigation lead? So, there is a comment
01:22:11that she brought it up, so, at that time,
01:22:15Hakan Fidan was the Undersecretary of MIT,
01:22:18he brought Kozinoğlu to duty from the special forces.
01:22:21I wonder if Kurtlar Vadisi
01:22:24Pusu is being discussed on all screens, subliminal
01:22:28messages are constantly given, like President Erdoğan
01:22:31has a strange tombstone stuck there with Erdoğan's name
01:22:35and his family's name on it. It's really like that, now
01:22:46they are looking at the Bosphorus, the July 15th Martyrs Bridge.
01:22:49"Babylon will be ours, I will blow up this bridge,
01:22:53Asia and Europe will be separated, in return, Babylon will be mine."
01:22:56There is a character who says he will take the Gardens of Babylon.
01:22:59There were strange things in the series, yes, really. Now
01:23:03if you watch it, you'd say it's a series, but then you look, the bridge,
01:23:07the bridge, July 15th, it's really
01:23:10interesting. So maybe
01:23:14a political scientist could even analyze
01:23:17it. On the one hand, it was a series I didn't watch
01:23:20because I underestimated it, but you shouldn't do that. For example, there was the issue of electing
01:23:24the president by the people, which was discussed for many episodes.
01:23:28Yes, I involuntarily thought of Oğuzhan Uğur
01:23:31right now. He is currently in prison, and his father
01:23:35is being detained. So he is experiencing a double tribulation
01:23:39right now. Frankly, I can't help
01:23:43but empathize, and the family,
01:23:46on the one hand, with the ahbap investigation, no, it's probably
01:23:50not that much, they won't link it either. No, this is the Kozinoğlu
01:23:53investigation, this is something else entirely. Will it eventually
01:23:57connect through FETÖ?
01:24:00No, for example, he has a cellmate,
01:24:03a naval officer.
01:24:07One of his two cellmates, Hasan Ataman Yıldırım,
01:24:10is in custody.
01:24:12Hasan Atilla Uğur
01:24:15is in Cyprus. Since a detention order
01:24:18was issued for him, he says he will come on the first
01:24:22plane. A detention order
01:24:25was issued for the prison prosecutor and the İzmir
01:24:29Silivri Chief Public Prosecutor of that period. So, Ali
01:24:32İşgören, Necip Doğan, Hasan Ataman
01:24:35Yıldırım are currently in custody.
01:24:38Atilla Uğur, Hasan Atilla Uğur is also coming
01:24:41from Cyprus. So, 3 people are in custody.
01:24:45As I said, look, Oğuzhan Uğur's father
01:24:49will also be detained. The series crew's information was
01:24:52consulted. Now, these people's information could also be consulted,
01:24:56but it's like this right now. I don't know, but you know
01:25:00better than me without an explanation.
01:25:03Detention means such a thing.
01:25:06Let me repeat these two things, sometimes they
01:25:10can be mixed up. They detain them,
01:25:13take their information, let's put it that way. So, there is such an unknown
01:25:17right now because I read somewhere that Mr. Kaşif's close
01:25:21cellmates, I guess it's true,
01:25:25they are close friends anyway. So,
01:25:27to make these people suspects,
01:25:31together with the public prosecutor, with the prison prosecutor,
01:25:34now, there, it means that the prison prosecutor
01:25:38deals with what? He deals with the administrative
01:25:41affairs of that place, in a way.
01:25:44The prison prosecutor of Silivri Prison, I
01:25:47know the system now. So, he knows it well there.
01:25:50There was a problem
01:25:53that caught their attention. That ambulance,
01:25:56the hospital transfer, there is an allegation that
01:26:00a guard after that suppressed the alarm
01:26:04with music. It wasn't heard at all, then it was heard later.
01:26:07However, all those parts are vague, of course. Then there was
01:26:10an informant from a FETÖ member abroad,
01:26:14it was said. Such a statement was made.
01:26:18It will come out, so they will probably keep
01:26:21it very secret at this stage, but at least
01:26:25we will learn the reason in the coming
01:26:28process. I want to wish Oğuzhan Uğur well again
01:26:31from here. I mean, I don't know, especially
01:26:35for those
01:26:38I believe are unfairly detained,
01:26:42I do such a double empathy, I can't help it.
01:26:46Maybe he's watching us right now. Maybe the CMB's
01:26:49decision. Very harsh decisions came, I saw them. Yes, I
01:26:53was going to say that. Now,
01:26:57there's a trading restriction on the funds of 7 portfolio
01:27:00management companies. These 7 portfolio management companies
01:27:03have under them, under these portfolio management companies,
01:27:07a lot of stock funds, money funds,
01:27:11this fund, that fund, totaling 130
01:27:13funds. So, there are seven management companies,
01:27:17but the total of the funds they manage is 1
01:27:21CMB,
01:27:23Tera Portfolio Management Inc., Pusula Portfolio, Hedef
01:27:27Portfolio, Atlas Portfolio, Atlas, Atlas also
01:27:31made a default announcement, there were allegations,
01:27:33and A1
01:27:35Portfolio,
01:27:37Pardus Portfolio, Bulls Portfolio
01:27:40and
01:27:42all investment funds traded on the Turkey Electronic Fund Trading
01:27:46Platform (TEFAS) have been decided to be closed
01:27:50for buying and selling. It has been decided that
01:27:53the investment funds established by these portfolio management companies
01:27:56and whose names are specified in the announcement will be liquidated by the method
01:27:59determined by the board. This is big news, I mean,
01:28:03now think about it, big news, that is,
01:28:06tell me about this portfolio fund news, let's tell our
01:28:09viewers, of course, when I say "tell me", the citizen
01:28:12yes is being liquidated.
01:28:14At what price will it be liquidated? As
01:28:18I said earlier,
01:28:20a 1 billion company went to 100 billion.
01:28:24It went to 100 billion fictitiously. While it was over 100 billion,
01:28:28or it dropped to 90 billion, 80 billion, but the citizen bought the fund from here.
01:28:32Now, will the citizen be paid based on 80 billion?
01:28:35He can't buy or sell either. It will be liquidated. Or
01:28:39will the initial valuation company
01:28:42value it, and its real value
01:28:45is not 80 billion, but 800
01:28:49million, will it be paid
01:28:52based on this value? So, there are very
01:28:56serious things, of course, very interesting things happened in our stock market.
01:28:59For example, can you explain "companies that went
01:29:02public and went bankrupt a year later, companies that declared concordat,
01:29:06companies that went bankrupt a few years
01:29:09after going public." Even the company
01:29:12of the person who was at the head of the institution
01:29:15went bankrupt a few years later. We experienced
01:29:19such cases. I mean, for many years, if
01:29:23there is a police station in a neighborhood and illegal activities
01:29:26are happening in that neighborhood, I always say that we should question that police station.
01:29:30I always look at it with suspicion, that is,
01:29:33I think the public institution needs to be seriously questioned.
01:29:37The CMB has been taking serious steps recently,
01:29:40but why didn't it take these steps before? Why wasn't there electronic TEFAS
01:29:43electronic trading before? It completely stopped.
01:29:46Now, the buying of all these funds stopped. What if
01:29:49you have one of these funds? Let's say
01:29:53you bought a fund. What will your situation be?
01:29:56You can't buy, let alone sell, now.
01:29:59Those funds are liquidated, will investors be paid?
01:30:20I don't remember the price now. What was my participation house?
01:30:23Let's say it was 1 billion.
01:30:27Will it be taken at 70 billion, 70 billion, or at 1 billion? At what price
01:30:30will it be taken? If it is taken
01:30:34at 70 billion, it means that the losses of these funds are being nationalized,
01:30:38that is, it means it will be loaded onto the backs
01:30:41of 86 million people. Now, we don't know any of these details.
01:30:45They will be detailed in the coming days,
01:30:48but I can state it this way: If these fund
01:30:51losses are nationalized
01:30:55based on these ostentatious, I would say artificial
01:30:58prices, this will bring
01:31:01a very heavy burden. We are talking about only one
01:31:04company. Turkey's gross domestic product. Its real
01:31:08price seems to be quite low, so since it's being liquidated now,
01:31:11if it's liquidated at its real price, what will happen? I mean, if a valuation
01:31:15company values it based on its assets,
01:31:19its operating value, and says
01:31:23it's this, then if it tries
01:31:26to liquidate it at that price, whatever the price is, it will give it. This time,
01:31:30investors will suffer huge losses.
01:31:33And you know the risk, so investors, I think,
01:31:36this is it. I mean, brother,
01:31:39when investors went from 1 billion to 100 billion
01:31:43or from 100 million to 100 billion, the 2000-3000%
01:31:46money they earned through those funds,
01:31:49the gains obtained through ownership,
01:31:51they also knew the risk
01:31:55of falling as much as rising. What comes
01:31:57to my mind at the current price, do you know
01:32:01what? In 2001, we experienced
01:32:04a partial banking crisis in 1994. We didn't
01:32:08take the necessary and sufficient measures. In the
01:32:112001 crisis, we took measures that would make
01:32:15the banking sector as solid as a rock. Professor,
01:32:18you understood this news, didn't you? I mean, the CMB stopped
01:32:22buying and selling in the electronic environment
01:32:25for these 7 portfolio companies. Yes, it also
01:32:29decided to liquidate 130 funds. Madam, 7 portfolio.
01:32:36Any portfolio company.
01:32:39Under this portfolio company, there are
01:32:42money market funds, stock funds, this and that.
01:32:46There are 7 main portfolio companies.
01:32:50The total portfolios they manage
01:32:53are 130. Okay, these
01:32:567 portfolio companies and
01:32:59the 130 portfolio funds they manage.
01:33:10130 funds are being liquidated. We don't know at what
01:33:14prices the liquidation will be made. That's the biggest
01:33:17question right now. If this liquidation
01:33:19is done at inflated prices
01:33:23right now, I'm talking about the example
01:33:25of Faktorünk company, if it's done over 850 billion,
01:33:29it means that the losses of these funds are being nationalized.
01:33:32No, if it's not done over 850 billion, but
01:33:36I'm saying this as an example, there are many others similar
01:33:40to this, if it's done
01:33:43based on the real value, operating value, then investors will suffer huge losses,
01:33:47but I want to tell investors,
01:33:50this is not investment advice,
01:33:53but I recommend you investigate.
01:33:57Many of the real stock market companies
01:34:00outside these funds have become very cheap
01:34:03due to the general decline in the stock market.
01:34:06This can offer another opportunity to investors.
01:34:10Investigate them, follow them, because
01:34:13let's say there are 600... companies, 40-50
01:34:16of them have been subject to these manipulations,
01:34:19inflated. I am exaggerating these
01:34:21figures, but 550 of them,
01:34:25in the normal market, and their prices have dropped
01:34:28significantly, so there is cheapness in them. Investors
01:34:31can look at their balance sheets and evaluate them, but the fund business is different.
01:34:35The fund business is like how we didn't
01:34:39adequately see banking in '94 and take measures,
01:34:43so we faced a bigger banking crisis in 2001 and
01:34:46took measures with heavier costs. I wish we
01:34:49had seen such clusters of problems
01:34:53and explosions in our capital markets in the past
01:34:57and taken real measures so that we wouldn't be experiencing this crisis today.
01:35:00I hope this brings a new regulation,
01:35:04supervision, and responsibility relationship
01:35:08to Turkey, because the relationship of responsibility
01:35:11has broken down in the market. I mean, imagine
01:35:15even the Minister of Treasury and Finance said
01:35:18in December 2025 that there was manipulation in these funds.
01:35:21If no measures were taken despite that, if it was overlooked,
01:35:25who didn't take measures, who overlooked it, who allowed
01:35:28these things to happen? We need to question these
01:35:31and demand accountability one by one on behalf of the public. On September 2nd, Tera was
01:35:35609, 610 billion lira, Pusula
01:35:38375.2 billion lira, Busus 24.1
01:35:40billion lira. The three of them alone make 1 trillion.
01:35:44This, as I said, this magnitude,
01:35:47a cost bigger than the banking
01:35:51sector crisis, will appear before us.
01:35:55If you evaluate it based on fictitious prices, you will face a cost close
01:35:59to the 2001 crisis, but I don't think
01:36:02that will happen. I hope so, because
01:36:05they wouldn't do that, such a valuation
01:36:09would not happen. Here, reason probably intervened. As of
01:36:13this morning, reason intervened.
01:36:15That reason is trying to fix the markets, the funds, everything.
01:36:19I think that period of overlooking has closed.
01:36:23Yes, I hope the people don't pay the price, I hope the people don't pay the price.
01:36:26Yes, my biggest wish. If they make us pay,
01:36:30if they burden us, it should not be based on today's
01:36:33inflated prices, because it's very difficult for the Turkish economy to bear this.
01:36:37We cannot bear this. But with an operating value, a real
01:36:40value, a valuation ratio, some resources can be extracted.
01:36:44Here, through the fund, those who made 2-3000% profit
01:36:48in the past, some
01:36:52investors also made 3,000. Of course, some funds had increases of 2-3,000%.
01:36:56I thought you said 2-300 liras. Normal,
01:36:59hocam. Ebru Hanım, the figures
01:37:03we are talking about are billions, trillions. Look at the expressions.
01:37:06We are conveying a very important breaking
01:37:09news to you right now. After all this discussion, why did
01:37:13these funds grow so much? Default announcements were made
01:37:17one after another. Emre Tezmen, the owner
01:37:20of Tera, said, "We are the target of evil foci, protect
01:37:23us. I hope you will do what is necessary for them." The
01:37:27CMB said later that they would make a statement
01:37:30after the Financial Stability Committee meeting. The statement
01:37:34came. The electronic trading
01:37:37of 7 companies on TEFAS
01:37:39was banned. 130 funds belonging
01:37:42to these companies are being liquidated. Negotiations have started
01:37:46for Emlak Katılım to acquire Evim's participation house.
01:37:50These funds have been liquidated. You and Halttivi
01:37:54viewers will remember.
01:37:57For a year, I have repeatedly explained something
01:38:01like a Ponzi scheme. As an example, I will explain it again.
01:38:05Imagine three companies, dear viewers. I have told
01:38:08you this several times on this screen
01:38:12for the past year, especially. Now, for example,
01:38:16I am giving the same example. There are three companies, each of these
01:38:20companies is worth five million liras. There is also a holding company above them.
01:38:23The holding company increases the price of these three companies, each worth five million,
01:38:26to 50 billion liras by going public on the stock market.
01:38:29What happened? The holding company's value became 150
01:38:33billion liras. What do you do with a 150 billion
01:38:36holding company? Let's say
01:38:39with a 50% discount, 75 billion. You go public
01:38:42with half of 75 billion. What happened? You
01:38:46collected approximately 37-38 billion
01:38:49liras from the stock market. Look, it's empty inside,
01:38:52from a total of 3 companies worth 15 million
01:38:56liras. You can collect
01:38:59between 30-40 billion liras from the stock market.
01:39:02Now, who are the ones who allow such systems,
01:39:05who permit them, who overlook
01:39:09them? I am saying that in Turkey, I have been saying for a year,
01:39:12we brought this issue up 2-3 months ago. Isn't there a risk here?
01:39:16We said, "Let investors not lose money, how does it grow so much?" We
01:39:19fulfilled that responsibility. And
01:39:23also, we said
01:39:25that there was a very serious risk regarding Pusula, what happened
01:39:29since the end of August. Some portfolio
01:39:32companies, some funds, and then as of today,
01:39:35after yesterday's sharp decline and default,
01:39:38we understand that 130 funds
01:39:42will be liquidated. İbrahim Kaybaca asks, "At what
01:39:45price?" For example, an investor invested
01:39:48100. There is no guarantee that he will get back his 100,000 completely,
01:39:51but he will get money. He will get money. But will it be 100,000 liras?
01:39:55100,000 liras? 100 liras? I mean. Who will make this decision?
01:39:58It's not possible, but it might not be 100,000 liras, Ebru Hanım.
01:40:02It could even be 100 liras. When you look at those inflated
01:40:05prices, serious figures will be circulating,
01:40:09but we don't know any of it. We don't know any of it.
01:40:12They might say, "Why didn't you audit it then?"
01:40:16Wouldn't the investor say that? What's the difference
01:40:19from giving permission for a public offering? The company
01:40:22says, "I'm growing like this, I'm growing like that,
01:40:25I'm good like this, I'm good like that." The company's share price goes from
01:40:295 liras to 50 liras. Yes,
01:40:32after it reached 50 liras, at that moment, the boss
01:40:36says, "I will sell more shares on the stock market, beyond the public offering."
01:40:40This time, the boss starts selling shares from 50 liras
01:40:43down to 30 liras, to 20 liras,
01:40:46much more than the public offering. Then the company suddenly
01:40:50goes bankrupt. Now, what is the fault of these investors?
01:40:54Isn't it manipulation itself? Yes, what is the fault of these investors?
01:40:57What about the responsibility of those
01:40:59who overlooked and permitted this? That's why I believe that for
01:41:03our markets, very serious,
01:41:07very serious regulations must be made,
01:41:09responsibility relationships must be established, because those who supervise,
01:41:13monitor, and permit, because, for example, there is a public offering, you give
01:41:17permission. I think all institutions that supervise, monitor, and permit
01:41:21should be included in a chain of responsibility,
01:41:24that everyone, that the scandals
01:41:27and great losses experienced should not
01:41:31only be at the investor level, but also public institutions
01:41:35and private institutions should be part of this. Such a system needs to be established.
01:41:38Otherwise, investors will be
01:41:42within hungry wolves,
01:41:46and how they save themselves, just like in our law,
01:41:49we have the problem of not implementing what exists. And in the audit mechanism,
01:41:53we say the salt has gone bad. For example, HSK is not doing the necessary audit because.
01:42:00We say the people at its head are biased. So could there be such a situation here?
01:42:03Maybe there are rules you mentioned, but
01:42:06their non-implementation is at stake. Now, when you look at it, can
01:42:09a company promote itself as being good like this, good like that?
01:42:13No, I mean, even with my basic economic knowledge,
01:42:17and I don't have much, I know this.
01:42:20This is also manipulation, because, madam,
01:42:22I can tell you, when I looked at what happened
01:42:26in Silivri yesterday, I see no difference
01:42:30between what happened in Silivri and what happened in the stock market.
01:42:33I see no difference at all. It's exactly
01:42:36as you said. That's why I mean, it's systemic decay.
01:42:40What happened in Silivri yesterday, I mean,
01:42:43I'm glad I wasn't in Silivri yesterday.
01:42:46There's an incident, would you have done this
01:42:49if your son hadn't been detained? Ali Sungur, isn't it?
01:42:52From the affiliates. Do you know that this is not just about
01:42:56Ali Sukas yesterday? The informant
01:43:08accused him, yes, but he
01:43:12says, "I don't want to answer this question," but he's crying
01:43:15while saying it. Yes, and you know there are many
01:43:19examples like this, Muzaffer Beyazdı, the man
01:43:22forgave Ekrem Bey, essentially saying
01:43:26his statement was not true. Then there was an arrest
01:43:30warrant requested by the prosecutor. The next day, the man came
01:43:33and said, "I'm changing my statement from yesterday."
01:43:36There are so many examples like this. Why did he
01:43:40change his statement? Because the prosecutor said, "Arrest him." That's why he
01:43:43came the next day after the request. He said he was changing
01:43:47it. I was in the hall. I was also really
01:43:51left staring like this with everyone, I mean, look, this is
01:43:54the biggest of the informants, Ertan Yıldız.
01:44:10He is an informant and I had noted it down here, look, here yesterday, another
01:44:13informant says that he counted
01:44:17over 20, he used the expression "I heard." Kabil Taşçı, huh?
01:44:20Yes, I mean, I heard these are what I heard, I only
01:44:24heard these, I know these. I heard, I mean, I don't know, I heard, but he hadn't given a statement like this before, I guess.
01:44:28Uh, no, his previous statements were also
01:44:31based on what he heard, of course. I mean, I never saw any concrete evidence from the informants,
01:44:35like "this is the evidence," "he did this,"
01:44:39"we heard this,"
01:44:44"I know this," "I guess this," for example, it was
01:44:48very common. I guess Ertan Yıldız used it very often.
01:44:51He said he heard very often.
01:44:53And I mean, just
01:44:57about my wife Aykut Erdoğdu, he told something in the nature of a one-sentence gossip,
01:45:00there is nothing concrete that we questioned
01:45:04him about, there is nothing concrete that he could say.
01:45:08Also, the more we asked, he fell into contradiction,
01:45:11he fell into contradiction very much, isn't any of this
01:45:15seen by the committee? It
01:45:19must not be seen, because so far these people are outside
01:45:21and our relatives, our presidents,
01:45:25our bureaucrats who have been subjected to these slanders
01:45:28are inside. Look, there is an invisible
01:45:31drama right now and it is being tried to be forgotten.
01:45:35I keep writing and taking notes,
01:45:38but who listens to us, I honestly
01:45:41don't know anymore. Because, well, there are
01:45:45winners who have been condemned to be forgotten
01:45:48there, winners condemned to be forgotten,
01:45:51I am so sad that today there are such high-quality
01:45:55bureaucrats there that you can now
01:45:58read that look in the eyes of the people being judged. I mean,
01:46:01resisting is different, they are resisting, but you can read
01:46:05that sadness, that sorrow. I see it more
01:46:07every time I go. He said, I wish
01:46:10he hadn't worked all this time by serving his country.
01:46:14I mean, for example, we don't have to know one by one
01:46:17what the zoning director did, what this department head
01:46:21did, but when we go there, we listen, and every
01:46:25time I say, what a high-quality, what an elite team
01:46:29they were. Yesterday, there was an inspector who was telling, "I," he says, "in public service,
01:46:32in these ministries, here and there," he says, "forget about a warning,
01:46:36all my notes were swimming." Absolutely.
01:46:40"Now, for example, whose name do we know the most? We know Mahir Polat's name,
01:46:43but Mr. Mahir is currently trying to continue his services.
01:46:46He was released for health reasons, but there is
01:46:49a Gürkan Alpay, I mean, this
01:46:53person is
01:46:56unfairly inside. For example, I said that
01:46:59the open tender rate he made is 95%.
01:47:03Look, we are talking about transparency, the open tender rate is 95%,
01:47:07this rate is normally 60% in public institutions."
01:47:18He is doing useful work. What does he have when we look? He has a house,
01:47:21he has a car, I also know his wife, she is a very graceful woman,
01:47:25such a beautiful family and a child of a family,
01:47:29a child of an engineer father. Now, you look at such good people,
01:47:32for example, Ceyhun Akay, when he gave a statement for the first time,
01:47:36he would say against the indictment. When he first said it, it
01:47:40caused quite a stir, because
01:47:43his work and diligence truly
01:47:46astonished everyone, like "is it possible?"
01:47:49His job is metro construction, actually transportation, and on average,
01:47:53he does work for half the cost
01:47:56of metro construction. He is someone who builds metros,
01:47:59to that extent. Actually, look, there are those who harm the public here, on one side,
01:48:03through private investments and so on,
01:48:07by using public money, let's say.
01:48:12But on the other hand, there are people who perform a public duty
01:48:15and make a profit for the public, and now
01:48:19they are in prison. Now, there is
01:48:22only one accusation against Mr. Ceyhun, for example,
01:48:25for the company to enter a tender, there must be a document stating that it has no SGK debt.
01:48:28A company will be working
01:48:32with, and the indictment says there is no such document,
01:48:36but Mr. Ceyhun proves that there is. And 15... how many
01:48:3915? No, those were taken earlier. He has been inside for 18 months, a year and a half.
01:48:42I mean, for a year and a half,
01:48:46he is inside because of a document that the indictment said does not exist,
01:48:50and Mr. Ceyhun proved that it does. I mean,
01:48:53you would truly die of sorrow. For example, Kaan
01:48:57Sürmegöz has been inside for 18 months. He is a bureaucrat from the AKP era, by the way.
01:49:00He is an incredibly hardworking person. I paid
01:49:04special attention last time,
01:49:06Mr. Aykut said something about Mr. Kaan.
01:49:10We were talking like this from a distance, the man was looking so sad,
01:49:14like, I said, how did you bring these people to this state in a year and a half?
01:49:18I mean, this is psychologically breaking them.
01:49:21I mean, one of the most important decisions in the world,
01:49:25I think, is it easy to put someone in prison? Absolutely. And this
01:49:29person, for example, also worked during the AKP era. He is
01:49:33a conservative man, very gentlemanly. If he had gone to Singapore
01:49:35instead of working at IMM,
01:49:38he would be working from home
01:49:41with countless amounts of money and salaries.
01:49:44Believe me, that's how it would be. But now they are in prison, and there is no need
01:49:48to talk about Aykut Erdoğdu.
01:49:51That's enough. There are such valuable
01:49:55civil servants, bureaucrats with state education there. I mean, Gürkan Akgün,
01:49:59for example, is accused of 26 actions. The reason is this: the general secretary
01:50:03assistant must sign every decision. Now, on one hand,
01:50:06you look at the case regarding the decisions made,
01:50:09and they prove it, but because he is responsible,
01:50:13he is facing 350 years,
01:50:16I mean, 350 years? Look,
01:50:20this is just one of them. There are 500, there are 800.
01:50:23You know, President Ekrem is facing up to 2500 years.
01:50:27I mean, like this. And now
01:50:30they want us to forget these people.
01:50:33We shouldn't forget them. I say this so we remember
01:50:36them. Really, a short break, there's more to say, but we will say it.
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02:00:02We continue. We have entered the last hour. Uh, today we couldn't
02:00:06lift our heads from the news traffic. For days
02:00:09we were talking about the situation in the funds belonging
02:00:12to portfolio companies. Uh, when we look at it,
02:00:16this morning the Financial Stability Committee met. That committee
02:00:20met under the chairmanship of Minister of Treasury and Finance Mehmet Şimşek.
02:00:24Decisions were taken after a meeting attended by
02:00:28Central Bank Governor Fatih Karahan,
02:00:31BDDK President Şahap Kavcıoğlu,
02:00:34the president of TMSF and the president of CMB.
02:00:38Now, first the Financial Stability Committee made an announcement.
02:00:42It said this is a limited
02:00:44problem. A limited
02:00:47problem occurred in these funds in limited portfolios.
02:00:51There is a liquidity problem. Uh, to overcome this,
02:00:54we will offer liquidity-increasing solutions
02:00:57and inform the public.
02:01:00The Central Bank listed
02:01:03liquidity-increasing steps. Then the CMB made a statement.
02:01:06Successively, you know, this week
02:01:09Pusula announced to the stock exchange
02:01:12that it could not pay investors and defaulted.
02:01:15After that, Tera,
02:01:19which announced that it would acquire Pusula Portfolio and its affiliates
02:01:22after reaching an agreement, defaulted on 2
02:01:25funds. An announcement was made to the stock exchange. Uh, Emre Tezmen made an announcement,
02:01:28saying that we are under attack from malicious forces.
02:01:32We took responsibility for Pusula, but we were left alone and
02:01:36are being attacked. He called on
02:01:39regulatory bodies and supervisory bodies
02:01:43for help. He said he hopes what is necessary will be done and
02:01:46necessary steps will be taken. Necessary steps were taken
02:01:50as of this morning. 130 funds were liquidated.
02:01:54Uh, transactions were halted in the electronic system Tefas
02:01:57regarding the funds of 7 portfolio companies. That is, 130
02:02:00funds. Atlas, Tera, Hedef,
02:02:04Info are among them. Their funds, the funds of 7 companies,
02:02:08130 funds were liquidated. Uh, completely,
02:02:11the transactions on this issue are now over. Now, the stock market
02:02:14started the day with a rise exceeding 2%.
02:02:17That rise exceeded 2%. I can say that there is a more horizontal
02:02:21trend right now. Uh, if we report
02:02:25the situation in Borsa İstanbul, it closed yesterday at 13,112
02:02:29points. There was a 5.54% decrease. 583 stocks
02:02:32lost value, 60 stocks hit the lower limit.
02:02:36In fact, 112 stocks traded near the lower limit. Uh, at 13,262
02:02:40points, there is a 1% increase and developments
02:02:43are being monitored. Uh, of course, investors here, for example,
02:02:46if you put 100,000 liras. Will you get 1,000 liras or
02:02:50will something else happen according to the value of that day? We don't know that.
02:02:54Uh, also, the chairman of the board of Hedef
02:02:58and Info Yatırım was detained, or was he called to give a statement?
02:03:01We don't know that either, it was said he was called for a statement, then it was said he was detained. Uh, Hedef
02:03:05was also included in the CMB measures, let's also
02:03:08mention that. Uh, there's Atlas,
02:03:12and yesterday there were announcements to the stock exchange and discussions about Atlas. Of course, all
02:03:16of these are claims. The main thing here is
02:03:20to protect the investor and for no one to suffer too much.
02:03:23Katılım Evi and Bir Evim will be acquired by Emlak Katılım.
02:03:26News and statements came that negotiations have started in this direction.
02:03:30So, these funds are, in a sense,
02:03:33being liquidated. Investors' money will be paid back. We don't know
02:03:36how, what, or when. Statements will also be made.
02:03:40But these 130 funds are no longer there. The value of these funds
02:03:43was equivalent to one Tübrash, two or three times Turkcell. The stage
02:03:47had reached a size almost half of the Turkish economy.
02:03:51There were equity funds, money market funds, commodity funds, such
02:03:55funds. Of course, as you buy in a shallow market,
02:03:59the value of the stock increases. I tell Tuğba Hanım,
02:04:01I tell İbrahim Bey, İbrahim Bey tells Sarkan,
02:04:05he tells Bedrican Dersu. Everyone tells each other
02:04:09to benefit from that rise, and the number of participants increases. Suddenly,
02:04:12incredible money, sizes, and values are created.
02:04:16And then, when you start
02:04:19withdrawing money, when you sell stocks, there's no one to buy, and as you sell,
02:04:23the stock's value falls. Then, the problem that started
02:04:26with Pusula, and continued with the announcements made to the stock exchange,
02:04:29uh, has resulted in the liquidation of 130 funds
02:04:33as of this morning. That's the summary of the situation.
02:04:36Uh, now, on the one hand, how are we going to live
02:04:40with these prices, what are we going to
02:04:43do? Uh, on the one hand,
02:04:47we are watching a trial, on the other hand, we are following politics. In the Kozinoğlu
02:04:50investigation, uh, Kozinoğlu's
02:04:53two cellmates in prison, one of them a former soldier,
02:04:56both former soldiers, one of them...
02:05:03coming from Cyprus, uh, an officer
02:05:06serving in the Naval Forces at that time, his cellmate Hasan
02:05:09Ataman Yıldırım is in custody. The Chief Public Prosecutor
02:05:13of Silivri and the prison prosecutor of that period are also
02:05:16in custody. Therefore, Minister of Justice Akın Gürlek reported that there are four
02:05:19arrest warrants. Is this much similarity, this much
02:05:23message normal to Kurtlar Vadisi Pusu for that period? An investigation was launched. The screenwriters
02:05:27had given statements as witnesses. What will happen now?
02:05:31Uh, at that time, now
02:05:34a correction. Actually, I understood it, but if it was misunderstood,
02:05:38let's correct it. Hakan Fidan,
02:05:42at that time, you know, there was a process of investigation and
02:05:45a statement for Hakan Fidan, the undersecretary of MIT.
02:05:49So, who did that period, how did they do it?
02:05:52Uh, Aytun Çerkin says that it could be an investigation
02:05:56that could go that far. Of course. "I mean, if it was understood
02:06:00as targeting Hakan Fidan, let's correct that.
02:06:03It's a matter of that situation, that day.
02:06:06Even, you know, President Erdoğan was going into surgery when
02:06:10the news of this investigation came, and he gave his instructions at the last minute
02:06:13and so on. There was a big situation
02:06:17there, something was happening there, and it was prevented. So,
02:06:21what happened there, who caused it, what was the purpose,
02:06:24he said, 'it could be an investigation leading in that direction.'"
02:06:28Aytun Çerkin, if it was perceived
02:06:30as targeting Hakan Fidan, let's correct that, because that's
02:06:33why I gave that example, let's correct
02:06:37that too. Now, what else happened today
02:06:41after all these headlines? Last night, there was also a price
02:06:44hike for diesel fuel. An increase of 4 liras
02:06:47and 68 kuruş pushed diesel above 100 liras. The members of the public bus drivers' chambers of tradesmen
02:06:51are saying,
02:06:54"How are we going to turn the ignition, what are we going to do?"
02:06:57"How are we going to do our business with these prices?"
02:07:01they are
02:07:03protesting today. At the same time,
02:07:06there is a problem, and the problem is that
02:07:10the screens at some gas stations
02:07:13don't show 100 liras. I mean,
02:07:16it doesn't show 100 liras, 101 liras and 60 kuruş.
02:07:20Uh, it's left blank like this, written below so it can be seen.
02:07:23You can't even notice the diesel price. Also,
02:07:27prices have increased arbitrarily. Normally in Istanbul,
02:07:31it should be a little over 100 liras. You look at one place, it's 103 liras, you look at another place,
02:07:34it's 101 liras. All prices are jumbled up.
02:07:38Some have left it at 99.99.
02:07:41Some have written it by hand and pasted a paper on the diesel side.
02:07:45I mean, they can't display it digitally on the screen. They wrote it by hand
02:07:47and pasted a paper. A new expense came out for gas stations. Exactly.
02:07:51They will change the signs. I mean, it's stuck
02:07:55at some random price. Ha, it doesn't take 0.240.
02:07:58One has been placed in front of the screen. Look, for example, this is how
02:08:01they rounded the kuruş, for example, to 102 liras. It's
02:08:05all jumbled up. Look, you read 0 2 40, right?
02:08:09They put a 1 in front of it. This one has decided to make the price of diesel
02:08:12102.40 liras, for example. I mean, can you believe it? It's like a joke.
02:08:160.240. The screen doesn't take it. What will it do?
02:08:20We told you this week, they put a one in front of it. It's 10240 in numbers,
02:08:23but it was decided to be 10240. I mean,
02:08:27we are laughing at our pitiful situation.
02:08:31Look, I don't understand what this is. I'm going to go to the diesel station now,
02:08:35what will I say? Will I say 102 liras?
02:08:37This one has found an arbitrary solution.
02:08:40Uh, then some have written on paper.
02:08:44Some have left it at 99.99. Or
02:08:47000. Our Anatolian side is full of
02:08:50000s. They paste paper under it
02:08:52or they show it digitally from somewhere below,
02:08:56but all prices are mixed up. The price is different at every gas station
02:09:00you go to. Here it's 100.31 kuruş,
02:09:03earlier it was 101.6 kuruş. In one place it's 102 liras.
02:09:07We woke up to such a jumbled day. Since midnight,
02:09:10gas stations have found a solution because the pump screen doesn't show
02:09:14above 100 liras. The price overflowed,
02:09:17it overflowed from our pockets too, it overflowed from us too.
02:09:20No one can keep up, as you can understand.
02:09:24Now the prices are over 100 liras. Go to Antalya, it's close to 103 liras.
02:09:27There are different prices in Istanbul. God, we will settle down there,
02:09:31because our digital screen is broken, so there is 102 liras,
02:09:35101 liras, 103 liras. We will spend today like this.
02:09:38Now, 25 liras 54 kuruş
02:09:42has been increased since August 22nd. As petrol prices
02:09:45rise and the dollar rises,
02:09:48Minister Şimşek also says that his wife said yesterday that the mobile system
02:09:52will not be implemented in 2027, don't wait for it. So, will the mobile
02:09:55tax on fuel be a tax cut, will they cover the tax
02:09:59from the budget?
02:10:13Uh, let's say uh,
02:10:16the cost of filling up in Istanbul is 40 liras. What is it
02:10:20in Ankara, Izmir, Antalya? Well, I'll tell you, it's
02:10:23over 4,000 liras. Of course, he
02:10:27said that just now. Our reporter also
02:10:29said so.
02:10:31How will it cope with this? I've been thinking about that all morning.
02:10:35For example, I go to Silivri. My two
02:10:38trips consume two tanks of petrol, one tank of petrol.
02:10:42I mean, when I go and come back twice,
02:10:44we live in Kadıköy, it burns one tank of petrol. I mean, make the diesel calculation
02:10:48in the same way. I have to go there
02:10:51at least 3-4 times a week.
02:10:54Uh, think about two tanks
02:10:57of petrol a week, that's over 3 liras.
02:11:00Uh, I mean,
02:11:03they are making us experience something incredible.
02:11:06I mean, this is just me. Now, think about how it affects businesses. It ends
02:11:10at 10 at the earliest. Yes, there is that. These people
02:11:14take any job they find, they don't care where it is.
02:11:17Uh, they try to use public transport as much as possible, but besides that,
02:11:21there are people who commute by car, so isn't there? Of course, there are. There are elderly people,
02:11:24there are elderly people, there are people who work,
02:11:27people take their children. Yes, these people are working.
02:11:30I mean, especially in the outer
02:11:34regions of Istanbul, there is a lot of, you know,
02:11:37a kind of central production hub, etc.
02:11:41Uh, now they go and come from there. All this cost
02:11:44is reflected back to us. Actually, it needs to be
02:11:48removed somehow, because we always say that merit also brings
02:11:52decay at the same time. I mean, to create cheap
02:11:55resources, it can do its job
02:11:58haphazardly, it reduces costs,
02:12:01it lowers quality. Uh, we talked about fruits and vegetables last time.
02:12:04all these things are circulating and reflecting on us. Before we move on to fruits
02:12:08and vegetables, I will tell you a conversation from Silivri.
02:12:12With your permission, I'm taking this
02:12:15from Furkan Karabay. In the IBB
02:12:18case, the confessing suspect Dincer Kantar made his defense
02:12:22yesterday. Upon the question of the court president,
02:12:25he said, "I handed over 185,760
02:12:29dollars to Hüsnü Yüksel Tunar in the parking lot
02:12:32across from his office."
02:12:34Among the defendants,
02:12:37185,760
02:12:39dollars. Kantar says, he says
02:12:54no, he says,
02:12:57"No." The confessor
02:12:59says, "I handed it over." Yes,
02:13:02one suspect stands up and says, "Do you know me?" Dincer Kantar says,
02:13:06"No,
02:13:08I don't." The man replies
02:13:10by saying,
02:13:12"I'm the person you said you gave the money to." The man
02:13:16doesn't know him.
02:13:19What happened yesterday between the confessing suspect Dincer Kantar and
02:13:22him is exactly this: Hüsnü Yüksel
02:13:25Tunar says, "Do you know me?" Kantar says,
02:13:28"I don't know you." Don't you know
02:13:32him at all? Dincer Kantar, yes,
02:13:35I don't know him.
02:13:39I don't know you either.
02:13:45How can there be a more obvious example than this?
02:13:49This case is happening in a court.
02:13:52I say that
02:13:56I handed over 185,000 dollars to this person.
02:13:59I'm saying his name. Someone stands up
02:14:02and says, "Do you know me?" No, he says, "I don't know him." The man says,
02:14:06"I am the person you said you gave the money to."
02:14:10There's also an interesting detail
02:14:12in our case, similar to this. There's a person with
02:14:16stage 4 cancer and a company
02:14:19partner, let's say.
02:14:23yok zaten dosyada hani bir sürü çelişkiyi ortaya koyduk bir soru
02:14:27bile sormak istemediğimizi beyan ettik çünkü yani
02:14:30her şeyi ortaya koyduk beyanındaki şeyle ilgili bir yerde diyor
02:14:34ki ben elden diyor para verdim diyor Aykut Beye böyle
02:14:38bir iddiası olan bir adam var bizim dosyamızda
02:14:41hım. Aykut Erdoğduyla bu
02:14:44adamın en fazla 256 metre yan yana
02:14:48geldiği dosyadaki baz kayıtlarıyla sabit yani yan
02:14:52yana gelmemişler bile yani en fazla 256 metre yani
02:14:56da zaten bir otelde
02:14:59The gentleman passed away on the road every day to parliament and to the headquarters.
02:15:03Now,
02:15:06you see, this has been completely
02:15:09refuted. This indictment itself has refuted
02:15:13this. Now, these people were made to say these things. They were forced
02:15:16to say them, meaning with a reason, yes, his son
02:15:20was arrested. His son was arrested.
02:15:23In that confession, yes. Is it a confession, or what
02:15:26is it called? His son was arrested, and he is benefiting
02:15:30from remorse. The person he accused
02:15:33says in court, "If your son hadn't been arrested, would you have said this?"
02:15:37He cries and says, "I don't want to answer this question." He doesn't know
02:15:40the person he said he gave money to. He doesn't know the person
02:15:44he bribed in the parking lot. Now, if someone passes
02:15:47me by 250 meters and appears in my base records,
02:15:51I am already in motion, I mean,
02:15:54I'm standing still. Let's say in the same environment.
02:15:58These phone base records have become the biggest crime.
02:16:01So, if you went somewhere with your phone
02:16:03or came to work or went somewhere else
02:16:07or went to a shopping mall, for example, and by coincidence,
02:16:10a criminal came to that shopping mall, your phone
02:16:14gave a base with the same criminal, and that's it.
02:16:17For example, one of the company officials came to a Fenerbahçe
02:16:21match. By the way, some of them are already company, some of them
02:16:25actually. All the officials of that company denied
02:16:28the claim, but it is said that Aykut Erdoğdu
02:16:31gave a base with one of them. The man says,
02:16:34"I am a Fenerbahçe fan, and I constantly go to matches in Istanbul."
02:16:38Millions are watching, right? During that time, Aykut's house
02:16:41is also near the Fenerbahçe stadium. They show this
02:16:44as evidence, for example. What about the other one?
02:16:47In Beşiktaş, they say, "Your phone constantly
02:16:50gave a base with this person." He says, "That's my work
02:16:54office."
02:16:56The other person's office, the person who gave the base,
02:17:00their workplace is right below. It's a crime
02:17:03to go to work. It's a crime for a workplace to be near
02:17:07a criminal and to give a base on the same base.
02:17:10What was the other one? What did we dedicate last week to?
02:17:14The man says, "I didn't write these statements." He says, "The prosecutor's
02:17:18office called me for a chat.
02:17:21We went for a chat." He says, During the chat,
02:17:25the prosecutor said, "Be glad we didn't arrest you at 5 AM."
02:17:29He wrote these things, and I signed them. I didn't even
02:17:32have a lawyer, he says. By the way, there's something like
02:17:36this happening, but in Üsküdar, Üsküdar is also the same
02:17:39thing. What was his name, Tahir Usta?
02:17:42Yes, he became the vice president. He will serve as responsible
02:17:45for disaster affairs and so on in Üsküdar. He was held
02:17:49in a closed hotel, you know. Then they joined the AK Party
02:17:52from the CHP. Now he's the vice president.
02:17:55So, for example, they've brought it to such a point
02:17:58that I can't say it openly here
02:18:01because I don't want to endanger anyone.
02:18:05I personally went and visited him. What I heard from him is an allegation,
02:18:09of course, his allegation.
02:18:12This conversation matter, the prosecutor called me, we chatted.
02:18:15Then he told me that it would be very
02:18:19difficult for me to get out. I've heard these things so much, by the way, for a year
02:18:23and a half.
02:18:34It's necessary, you know, but these are not like that. People can't tell
02:18:38so many lies. So many people can't tell
02:18:41so many lies. There's a strangeness here. On top of that, what happens?
02:18:44Akıngül comes out and says, "My minister,
02:18:48if they watched the hearing now, they would see the president's
02:18:51state." He says, "How much he is, I mean, I."
02:18:55We are still saying it's not too late. Now, would they want
02:18:58a live broadcast, he said.
02:19:00You are saying yes, we want it.
02:19:04In fact, we want it quite clearly.
02:19:07It's being given now. Yes, it's not too late. Let the AK Party members
02:19:11go. Let all the ministers go there and see the situation.
02:19:14For example, you are creating a case with so many
02:19:18defendants. Hearings are held until
02:19:21one thirty. Everyone there is miserable, including
02:19:25the and you have made a tiny
02:19:28detention cell. How heartbreaking it is to say this.
02:19:31People are pacing back and forth like
02:19:35in a horror movie in a tiny space.
02:19:38They are pacing back and forth, and tea
02:19:41has been banned. Matches have been banned. Those
02:19:45channels and so on have already been banned. There's a serious protein
02:19:49problem. Okay, if there's a special situation, support can be provided, but
02:19:52there used to be an area in the detention cell where tea
02:19:56was drunk. People in prison, detainees, also drank tea. Was that
02:19:59banned, or is it completely gone now? Tea is not
02:20:03coming anymore. Downstairs, it was already
02:20:06tea bags, but it's not coming anymore.
02:20:10It's as if these are such dangerous criminals
02:20:13that they might throw hot water at each other. That's probably the reason,
02:20:17I know. Or, for example, let me tell you, these seem
02:20:20like small details, but many of these people are in high-security
02:20:24prisons. And
02:20:27they are searched with detectors many times, their shoes are taken off,
02:20:31and on the one hand,
02:20:35before, a much better
02:20:38brand of food was coming to the canteen. Now, I won't
02:20:41mention the brand. And then now,
02:20:45food that is not fit to eat, he told me this way,
02:20:48"bad brands to the extent that we cannot put them in our mouths."
02:20:50For example, there was roasted meat in the canteen.
02:20:54They liked the roasted meat there because it was the only protein,
02:20:57one of the few protein sources.
02:21:00The meals, onions were thrown with their skin on
02:21:04at one point, it might still be like that. I haven't asked for a month because
02:21:07they say all the pumpkins are thrown and so on. And
02:21:11of course, the execution officers also eat there.
02:21:14They also need to get nutrients.
02:21:17Most likely, they might be taking the valuable
02:21:20nutrients themselves. Look, I'm talking about very small things,
02:21:24but at this point, today, Aykut
02:21:27Erdoğdu's report, blood values were checked,
02:21:30his triglyceride and phosphorus
02:21:33levels were much higher than necessary. We immediately consulted a doctor,
02:21:37asking why this was happening. They said muscle wasting had started.
02:21:40What needs to happen? Yes, he needs to take protein.
02:21:43And for this, he will go to the doctor,
02:21:46and maybe the doctor will specifically prescribe something. What will he prescribe?
02:21:50Ayşe Barım couldn't get protein powder in. You know how bad
02:21:54that woman's situation was. Now, these are truly
02:21:57very difficult stories we are talking about. Why are
02:22:00you doing these things to these people? Why was the roasted meat taken away? What happens if the roasted meat is taken away? They brought
02:22:04a very bad brand instead. And then now,
02:22:14you see, why are these people facing financial crimes? Buğray Gökçe's
02:22:18lawyer says, "My client is accused of bid rigging,
02:22:21and he can serve a maximum of 12 months, extendable
02:22:25by 6 months." He has completed 18 months, meaning the maximum
02:22:29sentence he can serve for the crime
02:22:32committed, with extensions, is 18 months. 18 months have passed.
02:22:36He says it's a crime that should be heard in the court of first instance.
02:22:39And in these trials heard
02:22:42in the court of first instance, the maximum detention period
02:22:46can be 12 months, extendable by 6 months.
02:22:49He says 18 months have passed, "Release my client
02:22:52now." He is right,
02:22:54"I have already served my sentence."
02:22:58You are being detained excessively according to the law.
02:23:01So, for example, now, wait there for 12 hours
02:23:04until 1:30 AM. Brother, before creating
02:23:07a case with 410 defendants, you, meaning
02:23:11the state, I'm talking about the state, meaning
02:23:14the Ministry of Justice or the prosecutor. The prosecutor
02:23:18actually, there's a system here, or rather, you should have
02:23:22thought about this. You built
02:23:24a new courtroom. We can't hear the non-detained
02:23:28people because it's too crowded, so until 1:30 AM, everyone, including the panel,
02:23:32is trying to listen in a miserable state. I see the defendants
02:23:36there at 12 AM. Now, urgently,
02:23:39they have to stay there constantly because there are non-detained
02:23:42people who can come suddenly regarding your case. And a non-detained
02:23:46person can come 50 rows later and say, "I want to give a statement."
02:23:50Okay, in the second row, I will take them in order.
02:23:53The court is trying to put this in order, but you don't feel comfortable.
02:23:56There can be mishaps. For example, the other day, my lawyer friend
02:24:00Tuba, who was involved in Aykut's case, said, "He's here,
02:24:03do you want to come?" Meaning, if you want to come. What time
02:24:07is it? I look, it's about 10:30. Our people in our case
02:24:11have already been heard, but we still want to hear
02:24:14the person who might be relevant, for example.
02:24:17And at 1 AM, that
02:24:21person wants to ask a question. Imagine, you've been detained for 18 months.
02:24:24The person related to your case has come, and you need to ask
02:24:27him questions, but your brain is frozen.
02:24:31Your eyes can't see. They are constantly blinking.
02:24:34They can't even formulate the question they want to ask. Now, how
02:24:37healthy is this trial? How much is the right
02:24:41to a fair trial entrusted to the person,
02:24:44delivered to the person? Where is the restriction
02:24:47of defense if not here? What is the cost of these things?
02:24:51The cost of these things is also the reason for the 100 lira
02:24:54diesel fuel bill that Ms. Evru gave earlier,
02:24:58such trials. I always say,
02:25:02despite the decrease in inflation in Turkey
02:25:06and the decrease in interest rates by the Central Bank,
02:25:09interest rates in the market have not decreased. Since when? Since March
02:25:132025, that is, the IBB operation.
02:25:16The IBB operation has an annual additional interest cost
02:25:20of 2 trillion liras to Turkey. 2 trillion liras. And
02:25:24neither Mehmet Şimşek mentions this, nor do the chambers
02:25:27of industry and commerce mention this, nor does TOBB mention this.
02:25:30Everyone is ignoring it. You know the three monkeys, "See no evil, hear no evil,
02:25:34speak no evil." Brother, sit down, there's math. Sit down
02:25:37and calculate. The decrease in inflation,
02:25:40the decrease in interest rates by the Central Bank, but it's not decreasing in the market.
02:25:44Bond interest rates are not decreasing, loan interest rates are not decreasing. The gap has opened.
02:25:47Why has it opened? Since when has it opened? Since March
02:25:502025. You complain about interest, the interest lobby.
02:25:54What did Emre Tezmen say earlier? Evil
02:25:57forces, brother, focuses of evil. Oh, excuse me,
02:26:00focuses of evil. You look, I understand those
02:26:03focuses of evil, but I won't even mention them. We can't say it. We are making
02:26:07half-hearted comments. These events
02:26:10that we talked about earlier, that Tuba Hanım
02:26:13also talked about, are reflected as a cost
02:26:17to society in Turkey. Meaning, they are reflected
02:26:21as a cost of living, as a price increase,
02:26:24as expensiveness. Teacher, let's go back to diesel. There are some
02:26:28headlines. People, I mean, citizens, listen to these
02:26:32things and then get upset about other things. Now, for example,
02:26:35I'm hesitant to ask about this too. These people's families broke up.
02:26:39These people have children. How do they make a living? What
02:26:43do they do? Many people were on salary, getting their salary,
02:26:46working, taking care of their families. Their spouses were working. It's very.
02:26:59But you know, they blocked access to our account. They don't
02:27:03want these things to be heard because they don't want the public
02:27:07to feel the emotion. What sin do the children have?
02:27:10Yes, there are many difficulties. With solidarity, inside,
02:27:13we are trying to help ourselves.
02:27:17But there are people whose lives we haven't experienced.
02:27:21For example, one of them's indictment hadn't been written yet. Now it's
02:27:24written. He was the person who supported the family.
02:27:28And then 11 months had passed. His
02:27:31indictment hadn't been written. Foreclosures came to his house.
02:27:34He has elderly
02:27:35parents.
02:27:38And then, for example, one of them
02:27:41has a disabled sibling.
02:27:44Meaning, his condition worsened greatly
02:27:47when his brother didn't come home. Now we see,
02:27:50for example, you mentioned Ali Sukas. I don't see any harm
02:27:54in saying this here.
02:27:56Ali Sukas asks, "The gentleman
02:28:00at the head of the company is a very decent person."
02:28:04And then he asked the question, "If your son
02:28:07hadn't been arrested, would you have given that statement?"
02:28:11But look, Ali Sukas has a disabled child.
02:28:15I was at his arrest hearing, and before us,
02:28:18his interrogation was taken. The man was crying
02:28:21uncontrollably. He also has a child, and
02:28:24moreover, disabled. Disabled, needing attention,
02:28:28needing support from his father. So, on one side,
02:28:31there are those who truly, as Fatma Hürriyet, the captain
02:28:35and president, said, "Those who stay in prison like a boss
02:28:38despite all the difficulties." There are those who lie like lions.
02:28:42On the other hand, now, we can't blame them.
02:28:46There's a situation of "I understand but I can't accept." Slander is the biggest sin.
02:28:50You can't do it. Above all, it's a sin. Its
02:28:53burden is great. There are some cases, Ms. Ebru, there are some
02:28:56cases where,
02:29:00for the sake of that sacred cause, many things are permissible.
02:29:03Exactly, professor. Now, vegetable and fruit
02:29:07distribution companies were raided, right? After
02:29:11the diesel price increase, of course, farmers use diesel,
02:29:15distribution companies use diesel, people going to Silivri use diesel,
02:29:18and they use it for public transportation. Winter is coming, and they will pay
02:29:22natural gas bills. Of course, no one thinks about these things. How will children
02:29:26be taken care of? What will happen? What will retirees do? What will minimum
02:29:29wage earners do? Even if they earn an average of 50,000 liras, it's not enough.
02:29:3350-60 is not enough. I did a calculation. A 20-ton
02:29:36truck departed from Antalya. The distance
02:29:39is 800 km. If I say the fuel consumption
02:29:43is 320 liters, diesel costs 32,640 liras.
02:29:45When you add bridges and so on to this, it's...
02:30:10Will the liras not be reflected in your peppers, in your bell peppers,
02:30:13in the vegetables you buy, in the fruit you eat,
02:30:17in oranges, in mandarins? Yes, it will be reflected in diesel.
02:30:20You will eat it. People are also fighting for survival like this.
02:30:23Absolutely. The Minister of Treasury
02:30:26and Finance says, "It's 150 liras in Europe. It's 100 liras
02:30:30here." He says it's more expensive there. And
02:30:33we are the only country that doesn't take income tax
02:30:36from the minimum wage. Look, in our league, serious taxes are taken from the minimum wage.
02:30:40We don't take it, he says. Well,
02:30:43the price of diesel per liter in Germany
02:30:47is 130.8 liras. Okay, it has exceeded 130 there,
02:30:51but the minimum wage there is 94,170 liras.
02:30:54And with this minimum wage,
02:30:57720 liters of diesel can be bought. You say
02:31:01you don't take tax from the minimum wage, but if you took
02:31:05tax from 28,000, people wouldn't have any salary left.
02:31:09Their net minimum wage is 94,000. So,
02:31:12that's a very valid point. And there's a principle in law that a bad example
02:31:16is not an example. Meaning, look, that place is also like that.
02:31:19But this place also did this. It withdrew from the Istanbul Convention
02:31:23and so on. There's no such thing. Your entire responsibility
02:31:27is to work for the welfare of the people. And if there's a decline
02:31:30here, you will also bear the responsibility for it. No one accepts responsibility.
02:31:34France is also higher than us. It's not 150. It was
02:31:37around 127 liras.
02:31:40And it gives a net minimum wage of 82,950 liras.
02:31:44It can buy 654 liters of diesel. In Spain,
02:31:48I calculated it as 101 liras. There,
02:31:51there's a minimum wage of 74,750 liras in Spain.
02:31:54It can buy 740 liters. In Turkey,
02:31:58you buy 280 liters for 28.75 liras.
02:32:001 lira, I mean,
02:32:11let's say 2. Look, I'm saying, in their currency,
02:32:14it's 40 liras here. Germany, 131
02:32:18liras for diesel. It buys 720 liters
02:32:21with the minimum wage. That's 2.6 times more
02:32:25than us. As you said,
02:32:29there, salad.
02:32:31Cucumbers are cheaper than the cucumbers we buy.
02:32:35Meaning, its essence. Diesel is expensive,
02:32:38but it doesn't affect food prices as much as ours. In England,
02:32:41our inflation became 3.1. Oh dear, oh dear, he says.
02:32:45Ours is 31.5. So, yes, the price of diesel
02:32:48per liter is highest in Germany, over 130
02:32:52liras in TL terms, but considering their minimum wage
02:32:55is 94,000 liras, and the proportion of minimum wage is very low,
02:32:59and the minimum wage period is not very long.
02:33:02Anyway, they can buy 720 liters.
02:33:06We also boast that we don't take tax from the minimum wage
02:33:10for such high diesel prices. But ours is 28.075 liras.
02:33:12Mr. Minister, why doesn't he see this?
02:33:15We occasionally ask ourselves, "Why don't the ruling party voters
02:33:19see this?" Some of them see it. Some of them,
02:33:23I was talking to an AK Party voter the other day, and I said,
02:33:26"What do you say about such a big price hike?" "We don't do that," he says,
02:33:30"the government doesn't do that. The hoarders do it," he says.
02:33:34"It's someone else, those who hoard on the side," he said something
02:33:38like that. He says the distribution companies are inflating the price.
02:33:41Let's see, will vegetable and fruit prices drop?
02:33:45Yes, he says they put them up, those who hoard put them up, etc.
02:33:49He has found a way, a reason
02:33:53for himself. Now, you look,
02:33:56but we have tax on the price of diesel. There's also the exchange
02:33:59rate effect, isn't there? And we have received a price
02:34:03increase of 25 liras and 60 kuruş since August 22nd.
02:34:06So, we are constantly paying tax. They inflated the prices, you know,
02:34:10the ones sold in the market and so on, or
02:34:14in the bazaar. How did they do that? For example, one needs
02:34:17to ask why there is such a price increase for diesel.
02:34:21They say it's because of oil prices.
02:34:23They say there's a war. But is the war only
02:34:27for us? Is the war only for us?
02:34:30In countries where there's a war, inflation is lower than ours.
02:34:34Yes, and Özgür Özel says
02:34:38that 20 liras of this 100 liras is SCT and VAT.
02:34:41For diesel. He says, for example, in 2009,
02:34:44a 100-lira banknote was issued. He says with our 100-lira banknote,
02:34:4840 liters of diesel could be bought. Now, he says,
02:34:51you can't even buy 1 liter with 100 liras. You can barely
02:34:55buy 1 liter, he says. It makes 102 liras. We can't buy it. Yes,
02:34:59currently, before the 2023 elections,
02:35:02President Erdoğan announced the discovery of 100,000 barrels
02:35:06of oil per day in Gabar. Diesel was 20 liras per liter.
02:35:09Today it has exceeded 100 liras, he says. You said you found oil
02:35:13in Gabar. That day, oil was 20 liras. We found oil. Years passed.
02:35:16Today, diesel is 100 liras. The diesel that was 20 liras
02:35:20that day is 100 liras today, he says. "Remove the SCT from
02:35:23fuel," he says. "Remove the tax," he says.
02:35:27The diesel price increase, he says, "will not stay at the pump.
02:35:30It will affect everything, from needle to thread." It will boil in people's kitchens,
02:35:34it will burn their kitchens, he says. "You are paying the highest interest
02:35:38rates in the world. You are paying sales guarantee fees for roads and bridges.
02:35:41Don't let your hand tremble when it comes to the citizen," he says.
02:35:45"At least remove the interest and tax," he says. They removed
02:35:49it for a while, then saw it wasn't working, and put it back.
02:35:53What will happen? I mean, there's tax on everything, multiple layers of tax on everything.
02:35:56Our state is trying to make money from citizens, not
02:35:59to provide money for citizens. What is special consumption tax, for example?
02:36:03Special consumption tax is special,
02:36:06you know, special. It's a tax on things you consume specially,
02:36:09in addition to VAT. What he calls SCT, special consumption tax,
02:36:12is distributed for special products. "A truck
02:36:15loads tomatoes from Antalya, fills its tank with diesel
02:36:19with special consumption tax, and brings it to us with a special
02:36:22consumption price. The VAT on the tomatoes, peppers, whatever
02:36:25it is, in the truck in the example you gave
02:36:28is one.
02:36:30It's not special. Since it's an essential product, the VAT on most
02:36:34food prices and food products in these kinds
02:36:37of needs is 1%. Okay, but the VAT on the diesel fuel
02:36:40used by the truck carrying it is 20%, and there is an additional
02:36:44SCT.
02:36:53a product that is discounted or whose price
02:36:56is reduced has 1% VAT, but the transportation cost
02:37:00of the vehicle carrying it has both SCT and VAT,
02:37:03double taxation. So, if there was no war,
02:37:07inflation would be around 22%, says
02:37:10our esteemed minister, but as I
02:37:13remember, the inflation forecast for 2026
02:37:16was 16%, there was no war, it was raised to 16%,
02:37:19and next year it was 9%,
02:37:22if I'm not mistaken, now this year it's 28.4%, next
02:37:26year it jumped to 21%, the forecasts,
02:37:29let's say it's war, okay, let it be 22%, but
02:37:32in Russia it's 6.30%, in Ukraine it's 8.10%,
02:37:36in Turkey it's 31.5%, these countries are at war, at the same
02:37:40time the whole world is affected by the war, here are the
02:37:43inflation figures in the world. Look, Romania is the
02:37:46highest at 6.2 after us, Lithuania 6, Spain
02:37:504, Chile 4, America 3.4, everything burned, Fed
02:37:53raised interest rates, Canada 3, England 2.1,
02:37:57France 2.4, Japan 1.9, so there is war
02:38:00in the world, why is inflation not 31.5% or
02:38:0422% there?
02:38:07Even if it were 22%, we would be in the World League, we are at the top in inflation.
02:38:10Now, for example, you said, there are elderly people. You have
02:38:23a headache, and they tell
02:38:26you that the price is 621 liras, they say,
02:38:30you can't buy it, you're stuck, it's a painkiller, you say
02:38:34it's a painkiller that's given constantly, a fever reducer, it won't work, then
02:38:38you say, okay, I'll leave that one, I'll buy something cheaper that we use
02:38:41every minute, and oh, that one is 480 liras.
02:38:45These have increased by 4%
02:38:49643% 334% since 2022. The elderly
02:38:53population is increasing, we have our elderly, our pension is low, you can't get prescriptions
02:38:56for medicine every minute, so are we going to
02:38:59ask for 621 liras or 480 liras
02:39:02when we say "my head hurts"? You're talking about the most essential
02:39:06needs, yes, my head hurts right now from a painkiller,
02:39:09and imagine your arm or leg hurting or being sick, or
02:39:13or her hand
02:39:17hurts, or she has a fever, she will need
02:39:20a painkiller. If she buys something for both
02:39:23sides, like cough syrup, etc., 1000 liras are gone.
02:39:27And the health sector, now when I look at this normal
02:39:31system, it seems
02:39:34like the most tolerated. Actually, my mother, poor thing,
02:39:38made an appointment at the state hospital
02:39:41for her check-ups, and the poor woman, we can't afford
02:39:45private, you know, then
02:39:48they gave her physical therapy a year later. I'm
02:39:52saying this, but what is it now,
02:39:56they always introduced the system as working well and so on, but
02:39:59people are having big problems even in curing their illnesses,
02:40:03and there's also the treatment for this, I mean, the
02:40:07treatment is, look, even the simplest painkiller, allergy
02:40:11medicine, I bought it the other day, and honestly, when I heard the price,
02:40:14I was really surprised. For example, for skin problems that often occur in old
02:40:18age, there's a medicine for dry skin or skin disease,
02:40:22it's very expensive, you need to go to the doctor
02:40:25to get a prescription, find an appointment with a dermatologist
02:40:29and get the medicine prescribed and buy it.
02:40:32And these people are our elders, yesterday
02:40:35a parent told me
02:40:38how the school asks for money from them
02:40:41for their children's notebook and book needs.
02:40:45They say they can't afford to send them to school. I mean,
02:40:49it's a big problem, I'm thinking about it
02:40:52in public schools, you know, public
02:40:55schools, God forbid, have become places
02:40:59where children are scanned and so on, we are forced
02:41:02to witness these things, I watch a lot, though this year they started
02:41:06with measures, now they are doing their best, they
02:41:09say we are fighting toast, they are buying toast,
02:41:12so they are in fear, even in terms of security, they are in fear.
02:41:19People are now forced, but this year I saw a better environment in terms of security and searching, but there are serious
02:41:23issues with children's food and their needs.
02:41:27So, you sent your child there, you overcame all worries,
02:41:31you sent your child. I mean, these things
02:41:35have been said many times, but even at the beginning of the
02:41:38academic year, we are talking about basic things like
02:41:41books and uniforms that need to be bought.
02:41:45They say they can't afford it. The other day, one of our viewers
02:41:48said that a microphone was extended to a citizen, who
02:41:51said, "I bought a notebook, I mean, when the child started
02:41:55primary school, I wanted them to have a notebook and a pen, I paid 2,500 liras." How did paper get so
02:41:59expensive? "I paid 2,500, what am I going to do?" he says into
02:42:02the microphone. "What am I going to do? How will I cope with this?" Publishing
02:42:06houses are closing down because paper has become so expensive. For
02:42:09example, ayran in the parliament canteen was 6 liras,
02:42:13but in our school canteen it's 30 liras. Why
02:42:16not for those in parliament? I mean, it should be the other way around.
02:42:20For example, for children too, soup was 80 liras, mushroom soup
02:42:24was 12 liras there. Hamburger with red meat in schools.
02:42:27160, 180, 200 liras. If there's red meat, there's only red
02:42:31meat in a single hamburger. Sautéed beef with rice was 66
02:42:35liras. Chicken wrap 145 liras in schools.
02:42:38Tuna salad 70 liras in parliament.
02:42:42Plain pastry 30-35 liras in the canteen. Child drinks
02:42:45lemonade for 25 liras. And the MP
02:42:49eats cherry compote for 18 liras. You can't compare the dessert,
02:42:53hamburger and sautéed beef, sorry, but you can't compare
02:42:56them because there's no hamburger. We did that here. 3 types of
02:43:00fixed menu are 260 liras in school. Meals are provided in schools, but
02:43:04for a fee, between 260 and 290 liras per day.
02:43:07Annually, it comes to about 55,000. The child says, "I
02:43:10want to eat too." The child, poor thing,
02:43:13290 liras daily. Mixed fruit was 30 liras
02:43:17in parliament. Let's swap these.
02:43:20The adults can handle it better anyway. Let's give these prices
02:43:23to the children. Children are left with toast. 150
02:43:27liras every day. Families can't afford to give money for toast and
02:43:31ayran to their child. Deep poverty. Then they say, "Have three children,
02:43:34have five children." How will they do it? 3,000 liras
02:43:38for toast and ayran for one, 3,000 for another, 3,000 for another.
02:43:42How will this person pay 10,000 liras for toast and ayran? That's why people don't get married
02:43:45or have children. You do things saying "my family is safe,"
02:43:48you're taking people down one by one, but on the other hand,
02:43:52here, they can't see why families are not safe. People can't
02:43:56form families to be safe. How will they get married, how will they have children?
02:43:59They are afraid. For example, we say kitchen cylinder tax. There
02:44:03shouldn't be so much tax. The tax on a kitchen cylinder, the
02:44:06sales price is 1570 liras.
02:44:09136 liras of this is SCT, 142 liras and 73 kuruş is
02:44:13VAT. 278 liras and 33 kuruş
02:44:16is the tax on the 1570 lira cylinder.
02:44:19It's a shame, 1570 liras. These things
02:44:23run out quickly. Then we put special consumption
02:44:27tax and VAT on the kitchen cylinder.
02:44:31How will people live? We are asking a question.
02:44:35In winter, this has been around for 50 years, but
02:44:38special consumption tax on kitchen cylinders, Professor, right now,
02:44:42because wages are so low, it really hits me hard. It seems too much
02:44:46to me. It
02:44:49affects me. Look, more importantly, this kitchen cylinder, 40 years ago,
02:44:53before natural gas arrived, the kitchen cylinder was a very essential consumption.
02:45:32for cooking or just for cooking? Natural gas or cylinder? Definitely natural gas. Natural gas is much
02:45:36cheaper. Cylinder gases are because you get
02:45:38the cylinder and
02:45:41you place it inside that
02:45:45metal, you carry it, you do things with it, so its cost
02:45:49is high. Cylinder gas is always more expensive than natural gas.
02:45:52But the SCT and usage of
02:45:55cylinder gas used to be much higher.
02:46:19The most important is fuel or, for example, communication. There is SCT on communication. For example, these kinds of products, even your child
02:46:23goes to school, uses a phone. I bought something,
02:46:26580 liras tax, VAT, sir.
02:46:30You buy something for 1500 liras,
02:46:33600 liras of it is VAT, 600 liras is VAT.
02:46:37That's 20%. No, on top of 1500 liras,
02:46:40you pay another 600 for VAT, you pay 2100 liras.
02:46:4420% VAT on something worth 2.0 liras would be around
02:46:47400 liras.
02:46:50What kind of product has a VAT rate over 20%?
02:46:53I don't know if such a product
02:46:54exists. Let's not make
02:46:58ourselves angry.
02:47:01There was SCT there, ma'am, it's not just VAT in it,
02:47:05you probably bought a product with SCT, Professor.
02:47:09You buy such a small product, you pay 600 liras in tax,
02:47:12it finishes immediately. Yes, it's about its content, not
02:47:16its tax dimension. For example, it's probably a cosmetic
02:47:19product, and there's also SCT on those, which seems excessive
02:47:22to me. I'm currently complaining about high
02:47:25taxes and high prices,
02:47:28and I'm looking to see where they can be reduced. This is what
02:47:32we call direct tax. What is indirect tax? Indirect
02:47:35tax is consumption tax
02:47:38levied on products.
02:47:56I mean, was tax collected from funds that have reached half the size? Is there such a tax system
02:47:59there? They collect from
02:48:02us, why would they collect from funds?
02:48:06With a 1.27% increase, it's trying to stay above
02:48:1013,200 points, the stock market. Here,
02:48:13let's say the dollar is at 1.14 levels. The Fed raised interest
02:48:17rates by a quarter point. 3 years later, Trump got furious,
02:48:20saying "What are you doing?" "I brought you here." He said,
02:48:24"This is the weapon in my hand, I'll pull it." The Fed proved its
02:48:27independence and pulled its weapon, the interest rate weapon.
02:48:31Trump got furious. US Treasury bonds first fell,
02:48:34then 10-year bond yields were above 14% and
02:48:38the dollar appreciated. In the markets, gold
02:48:41is 6,740 liras, it's trying to stay at 4,300 dollars
02:48:45to improve its outlook, saying "Let me get above this
02:48:49support level." As you can see, oil is
02:48:53101 liras and 182 kuruş. Good luck to
02:48:57everyone. Do you have a
02:48:59headline? Our headline?
02:49:02180 funds were liquidated. That's today's headline.
02:49:06Exactly. I mean, they grew and grew and were liquidated.
02:49:10180, 130 funds were liquidated. Those
02:49:14in Silivri were not released.
02:49:17That's a very good slogan.
02:49:21Thank you for coming, lots of love, lots of greetings
02:49:24to those you saw, those you know, and those you talked to.
02:49:27İrem Sansak is coming, we are leaving, we completed 3 hours.
02:49:30I hope it flew by for you as it did for me.
02:49:33I didn't realize how it passed. We were sad, we were troubled,
02:49:37decisions.
02:49:40We saw them, we were surprised. We finished one program.
02:49:43We are handing over to İrem Sansak. I wish you a good day. Goodbye.
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02:54:01in silence.
02:56:08bell has rung, but the demand for a free meal in schools,
02:56:12which has been awaited for years, has not been met this academic
02:56:15year either. Educators and experts are reacting. We
02:56:18asked parents, what could you put in your child's lunch
02:56:22box? Could you give your child pocket money? I made toast,
02:56:25the child eats toast, I also give pocket money,
02:56:29but we provide for the child's needs at home, we try
02:56:32to meet them, of course. People want there
02:56:35to be food at school for children, to feed
02:56:39people. There are those who can't afford it, there are those
02:56:42who can't even make a toast. The system should also consider
02:56:46these things. Well, the minister should give the reason, what
02:56:50do I know the reason for? I'm not authorized. I don't put
02:56:53anything because he has breakfast in the morning, and comes home
02:56:57around 1:30 in the afternoon. I give 200 liras pocket money
02:57:00as a retiree, as minimum wage, of course, 200 is also a struggle.
02:57:03Children are now in 8th grade. We used to put food when they were little,
02:57:07but now that they're in 8th grade, they don't want packed lunches, they eat out. The government provides
02:57:11everything from everywhere, but when it comes to education, we unfortunately
02:57:14cut everything. So it would be good if they provided. Especially in
02:57:18lunch boxes, we can only put things that we can eat in our daily
02:57:21lives, we can't add anything extra.
02:57:25As for daily pocket money, we give a small
02:57:28amount, because the prices in our school canteens, especially,
02:57:32are much higher than outside. Today, when you enter the parliament,
02:57:35even there, they eat and drink everything for a third of the price,
02:57:39while our children, I mean, even our transportation alone
02:57:43is a separate burden. In the morning, before leaving home,
02:57:47I make them eat their milk and eggs, as much as we can afford,
02:57:50of course. We try not to deprive them of anything, but as I said,
02:57:53I know we are a minority, because people are raising
02:57:57their children under very difficult conditions.
02:58:00I'm also in the school's parent-teacher association, and
02:58:03people. can't put food,
02:58:05can't put pencils, erasers, stationery,
02:58:09pocket money. I mean, there are children who come from
02:58:12our room to ask for water. Our biggest money is 200 liras,
02:58:16I mean, even 200 liras, a child spends it in a day and comes back.
02:58:19So, the government should cover everything. I mean, we are
02:58:23in a public school, there shouldn't be such a thing as a private
02:58:26school, if you ask me. The government should cover everything,
02:58:29because education is the future of the whole country. There should
02:58:32be a single type of education, everyone should have equal right to education.
02:58:36If the government can provide a lunch,
02:58:39I would be very happy. I mean, even if it's two small
02:58:42portions, let the children eat something at school, or three small portions.
02:58:46What do they eat, for God's sake? What do they eat in such a fixed
02:58:49menu? Not soup, I don't know, it spills,
02:58:53etc. Something healthier. Nutritionists can arrange this,
02:58:57those who do this work, calorie counting, nice
02:59:00lists can be made. The government can
02:59:03provide it, it's a matter of wanting it.
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03:00:07Hello from Halk Television screens, I'm Irem Sansak, and we are
03:00:11with the News Desk. It's Thursday, September 17th.
03:00:14We are slowly approaching the last business day of the
03:00:17week. We will talk about hot topics from Turkey
03:00:20and the world, we will look at politics. The economy is quite
03:00:23hot. Especially on Wednesday, the stock market crashed and
03:00:27a circuit breaker was applied immediately around 4 PM.
03:00:31We will look at what happened, one by one. Our reporters and camera operators
03:00:35will share news tracking in hot spots, where they should
03:00:38be, we will turn our cameras. We have very valuable guests,
03:00:42your comments.