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.
00:00:03That is, a threshold was crossed where the consecutive increases in diesel prices,
00:00:06the consecutive increases, reached three-digit
00:00:10figures. So at
00:00:13petrol stations, the signboards
00:00:16were set for two digits, but new
00:00:20signboards had to be brought to the fuel
00:00:23stations. Thankfully, there was news of a discount, about 4
00:00:27liras, which brought
00:00:30the price per liter of diesel back to two-digit
00:00:33figures. It's still very high, very close to three-digit
00:00:36figures. So, it's possible to say
00:00:40that at least for a while, diesel prices didn't see an increase,
00:00:44and in many cities, it went below
00:00:46100 liras.
00:00:50Diesel is 96 liras, petrol is 80
00:00:54liras. I swear, anyone you tell this to will
00:00:57laugh. I am laughing. Look at this traffic,
00:01:00folks. The amount of money wasted in this traffic
00:01:04is immense. The signs at fuel stations
00:01:07changed again. This time, there was a 4-lira discount on the liter
00:01:11of diesel. We are doing business now, food
00:01:14business. Now, lettuce, lemon,
00:01:17parsley, all of these will be affected. When we reflect it on the price
00:01:21list, we become cannibals. No, shopkeepers do this, they do that, and when they close down,
00:01:25why did you close? And when they increase prices, why did you do it? We don't know how it will be.
00:01:28reached
00:01:32also shared on this matter, and we have
00:01:37that it didn't fit on the signs. The price of 1 liter of diesel
00:01:41in Turkish Lira is not under 150 liras. Despite
00:01:44these recent extreme increases. And we are around 100 liras.
00:01:48Everything is cheap for Mehmet Simsek. We are expensive. Some fuel
00:01:52stations had paper signs, some fixed their digital
00:01:55displays at 99 liras and 99 kurus,
00:01:58and some found a solution by removing the kurus digit. A man
00:02:02who is so much of an economist comes, there the minimum wage is at least 2000-3000
00:02:06dollars. We compare it like this. On Saturday, the price
00:02:10of Brent crude fell by 5 dollars to 103 dollars.
00:02:13This development was reflected as a discount
00:02:15in fuel
00:02:17prices in Turkey.
00:02:22A 4-lira discount was applied to the liter price of diesel.
00:02:25Its liter price fell below 100 liras. The liter
00:02:28price of diesel in Istanbul is 90. 6 liras 30 kurus, in Ankara
00:02:3297 liras 40 kurus, and in Izmir 97 liras 70
00:02:35kurus. In provinces like Agri and Hakkari, the price is still
00:02:39around 100 liras. You see how the traffic is?
00:02:43We are idling, national wealth. What a
00:02:45shame.
00:02:50We called our tag "tearful" today. Ms. Yildiz,
00:02:53Yildiz Ayse, prices are going up every day, but there's no raise for minimum wage
00:02:56or pension, with the tag "tearful." Ayse Bakir wrote that the retired,
00:03:00students, minimum wage earners, everyone is tearful. Why?
00:03:03Because people were starved, disciplined by hunger,
00:03:07she says. Yasar Cetin says that retirees and minimum wage earners
00:03:11who are forced to live with wages below the poverty line
00:03:14are tearful. Yasar Arslanpay says that the people's
00:03:17will shall certainly be done. To be tearful means surrender.
00:03:21However, this country belongs not to those who surrender to fear,
00:03:25but to those who protect it. Orhan Karakaya,
00:03:28Mr. Orhan, is a very devoted viewer. "Is there any opposition in the country
00:03:32that is not tearful? We are sick and tired," he expressed his
00:03:35complaints. Now, we will go in search of justice,
00:03:39in search of rights. Does anyone forget Narin? Can anyone forget?
00:03:42I don't think there is a citizen who can still say with a clear
00:03:46conscience that they are sure how Narin died.
00:03:48Narin's small body had a dark
00:03:52side. The day her body was found in a sack
00:03:55in a streambed, this country was spiritually
00:03:58devastated. The most hurt person is that
00:04:02father, who started a march for justice to reach the
00:04:06president, from Diyarbakır
00:04:08to Ankara.
00:04:13And the only reason I chose this path is for the
00:04:17truth of my daughter, for my daughter's rights,
00:04:20my daughter's rights are trampled. Narin Guran's father is seeking justice.
00:04:24Arif Guran decided to walk to Ankara. The march started after a press
00:04:27statement at Narin Guran's grave.
00:04:30"There is only one person in this country who will
00:04:33not leave my daughter's rights trampled, and that
00:04:36is Mr. President." The march will end days later
00:04:40at the presidential palace
00:04:41in Ankara.
00:04:45The family's lawyer, Onur Akdağ, announced that Arif Guran would
00:04:48walk alone. Akdağ drew attention to irregularities
00:04:51in the investigation. As a result of the incomplete
00:04:54and flawed investigation, in the process reached,
00:04:58during the investigation stage... two military base cameras
00:05:01were erased. The most critical voice recording on Salim Guran's
00:05:05phone was erased. In Diyarbakır, in Tavşantepe
00:05:08Neighborhood, 8-year-old Narin, who disappeared
00:05:11on August 21, 2024. Guran's lifeless body
00:05:15was found days later in a sack Guran, mother Yüksel Guran, and brother
00:05:19Enes Guran were sentenced to aggravated life imprisonment.
00:05:22Neighbors Nevzat Bahtiyar, who hid Narin's lifeless body in the streambed,
00:05:26were sentenced to 17 years in prison.
00:05:28çarptırıldı.
00:05:32The Guran family's request for the murder to be investigated
00:05:36as an unsolved case was rejected on the grounds
00:05:38that the case was solved.
00:05:45In divorce cases, violence against divorced women,
00:05:48if they can survive injured, it's a country where we
00:05:52say "thank God." How many
00:05:55women have been killed while trying to divorce or after divorcing by their
00:05:58former abusive husbands? Almost
00:06:01every day. This time, we are talking about a divorce crisis
00:06:05in which entire families were involved. Riot police and special operations
00:06:09forces intervened. 12 people, including police officers,
00:06:12were injured due to the fight.
00:06:16Firing into the air from the third floor
00:06:18of the building.
00:06:22In Erzurum, a divorce dispute turned into an armed conflict. One
00:06:25police officer and 12 people were injured, 3 people were
00:06:28detained.
00:06:33The incident occurred in Kazim Karabekir Neighborhood, Golbasi District.
00:06:37Upon receiving a report of an armed conflict at the 112 Emergency Call
00:06:40Center, a large number of police and medical teams were dispatched
00:06:43to the area.
00:06:47The teams arriving at the scene saw three people firing shotguns
00:06:51and pistols from the balconies of their houses. The first
00:06:54teams had difficulty neutralizing the suspects. After the shots
00:06:58were fired, a police officer was injured in the head. Special operations
00:07:01teams were dispatched to the scene
00:07:03with armored vehicles.
00:07:07The police quickly apprehended and detained three people who were firing weapons.
00:07:1112 injured people, including one police officer, who were hit
00:07:15by bullets and pellets from the suspects' weapons,
00:07:17were taken to the hospital.
00:07:24It was learned that the police officer injured in the head and
00:07:28four other people were in serious condition and were admitted to the intensive care unit.
00:07:31The conflict allegedly stemmed from YET stabbing his wife ZT,
00:07:34who was in the process of divorcing him, on September 17.
00:07:38It was stated that the warring parties were relatives of the couple
00:07:42in the process of divorce. The interrogation of the three people detained
00:07:44continues at the Public Order Branch Directorate.
00:07:5111-month-old Bushra went missing in Divriği district
00:07:54of Sivas. The baby has not even completed her first year.
00:07:58Her parents were arrested due to their different
00:08:01and conflicting statements. But the issue is not
00:08:05her parents. The issue is where is baby Bushra? There's no
00:08:09trace, no sound, no news.
00:08:12There is no sign of where she could be found,
00:08:16as if she had never
00:08:18existed.
00:08:21Search efforts for the missing 11-month-old baby Bushra continue.
00:08:24The results of the forensic medical examination of clothes
00:08:28and diapers believed to belong to Bushra, found during the search,
00:08:32are awaited. Meanwhile, Mehmet Kavcılık, who was detained
00:08:35based on the testimony of his siblings, was released under judicial
00:08:39control after his interrogation.
00:08:42Baby Bushra disappeared on September 10. Elif Balıkçı,
00:08:46the daughter-in-law of the family who temporarily went to the village
00:08:50from Diyarbakır to raise livestock, had reported that she could not find
00:08:54her baby in the tent. However, the mother's conflicting statements
00:08:56shifted the investigation in another direction. In her
00:09:00initial statement, the mother claimed that the father sold the baby
00:09:04for money, but later changed her statement to the prosecutor,
00:09:07saying that the father killed the baby and left her in
00:09:10a field. The father denied the accusations. The mother was
00:09:14taken to the field by the prosecutor and gendarmerie team to show the location,
00:09:17but no trace of the baby was
00:09:19found in that area. On the first day of the search operations,
00:09:23a t-shirt, romper, and a baby diaper believed to belong
00:09:26to Bushra were found about 3 kilometers away from the tent. Forensic
00:09:29results are awaited.
00:09:316 people, including Baby Bushra's mother, father, uncle, aunt,
00:09:35and some other relatives, were arrested. The family's other four
00:09:38children, aged between 3 and 9, were taken into state protection.
00:09:43"The children's father had debts. That night, a person named Mehmet
00:09:47with a blue sweater came to the tent and took Bushra wrapped in a blanket
00:09:50by car to take her to Diyarbakır." Upon this statement and identification
00:09:54via photo, the investigation gained a new dimension.
00:09:57Mehmet Kah, who was detained in Diyarbakır, denied the accusations.
00:10:01No element of crime was found in the HTS records
00:10:04regarding the suspect. Mehmet Kah was released under judicial
00:10:07control by the court after his interrogation by the prosecutor's
00:10:11office. The investigation regarding
00:10:16If we knew that she was breathing
00:10:19somewhere, we would be a little relieved. Why
00:10:23are there such parents when coming into the world? Of course,
00:10:26you can't choose, but some people really shouldn't be parents. They
00:10:30shouldn't be. Why are they? While people are burning, suffering, dying
00:10:34to be parents, these types become parents, and then
00:10:37we die of heartache as a country. What happened to the child?
00:10:41What happened to her, you wonder. For example, there are also
00:10:44these hooligans, traffic hooligans, as we call them, folks.
00:10:47They don't give way to ambulances and fire trucks,
00:10:51considering it a skill, insisting stubbornly.
00:10:55There are types who don't give way to an ambulance
00:10:59with a sick person inside, because actually, the sick person is
00:11:02not inside the ambulance, but the driver of this
00:11:04van, definitely.
00:11:10The moments when he didn't give way to the ambulance were recorded,
00:11:14he was caught, fined 46,000 liras, his
00:11:18license was confiscated for a month, and his vehicle was banned
00:11:20from traffic for a month.
00:11:26In Istanbul, a patient from Başakşehir Çam and Sakura City Hospital
00:11:29was transferred to Mimarsinan State Hospital in Büyükçekmece.
00:11:33The ambulance on duty set off. The ambulance, reaching Beylikdüzü,
00:11:36was in the left lane. However, there was a
00:11:39van in front of it. Is it a joke? He's
00:11:42braking.
00:11:50The van driver didn't give way to the ambulance for a long time.
00:11:53Those moments were captured on camera.
00:11:58The footage went viral on social media, drawing strong
00:12:01reactions. The police took action, and teams caught
00:12:04the van driver. The driver was fined 46,000 liras for
00:12:08not yielding to a vehicle with right of way. His
00:12:11license was suspended for 30 days. His vehicle was also banned
00:12:15from traffic for the same period. Judicial proceedings
00:12:18were also initiated
00:12:19against the driver for endangering
00:12:27"In Istanbul, a building that was part of urban
00:12:31transformation collapsed before demolition began.
00:12:34Luckily, thank God, there were no deaths or injuries.
00:12:48In Küçükçekmece, İnönü neighborhood, at the Şirin site, the demolition
00:12:52of a six-story building, evacuated as part of urban transformation,
00:12:56began. However, no precautions were taken at the scene. A part
00:12:59of the building being demolished collapsed. Three people
00:13:02passing by were injured during the collapse. Look,
00:13:06two of them are running away with a girl. Look,
00:13:09they are moving to the side. Upon the report, AFAD, police,
00:13:13fire, and medical teams were dispatched to the area. The injured were
00:13:16taken to the hospital after the first intervention
00:13:19by medical teams.
00:13:22While police teams took security measures in the area,
00:13:25fire teams conducted a search with dogs after receiving a report
00:13:29that two people might be
00:13:30trapped under the rubble.
00:13:34As a result of the search operations, it was determined that no one
00:13:38was trapped under the rubble. The moments of the building's collapse were
00:13:41captured by a workplace security camera. The footage showed two people
00:13:45narrowly escaping at the last minute. Look, they're
00:13:48going to the side. This world. Okay, they're taking
00:13:52it. An investigation was launched into the demolition that damaged
00:13:58a workplace. There was a persistent insistence
00:14:01for months by the President of the United States, Donald Trump,
00:14:04regarding Greenland. His insistence
00:14:07bore fruit, and an agreement was reached with Denmark
00:14:11regarding the future of the island.
00:14:15The President of the United States, Donald Trump, announced
00:14:18the news to the world with a "breaking news"
00:14:22label. America had reached a permanent agreement with Denmark.
00:14:33In his social media post, Trump stated
00:14:36that the agreement was indefinite and designed to address
00:14:40all of America's concerns. Trump also
00:14:43said that the agreement would not cost
00:14:46his country anything.
00:14:51The United States already has a military base on the island.
00:14:55He signaled that this military presence would increase.
00:14:58He stated that they would immediately begin establishing a large
00:15:02military presence in suitable areas of Greenland.
00:15:05From now on, no American enemy can have a military
00:15:08presence in Greenland without our approval, he
00:15:12wrote.
00:15:15Greenland is a vast But here we need to discuss
00:15:19affiliated with Denmark and with autonomous rule.
00:15:22In addition to its geostrategic importance, it has rich underground
00:15:37was bringing. On this path, Trump sometimes offered
00:15:41to buy the island, and sometimes used a language of
00:15:44pressure and threats. He even went as far as to say
00:15:46that Greenland should be taken over and become part of America,
00:15:50causing a crisis with his European
00:15:54allies.
00:15:55olmuştu.
00:15:59Danish Prime Minister Mette Frederiksen and
00:16:02the President of the Greenland Autonomous Government, Jence Frederik
00:16:05Nielsen, confirmed the agreement in a joint statement.
00:16:09It was stated that the signatures would be affixed next week
00:16:12at the United Nations General Assembly. It was particularly emphasized
00:16:15that the agreement did not mean the annexation of Greenland.
00:16:19It was underlined that Denmark's territorial integrity
00:16:23and the Greenlandic people's right to self-government
00:16:25were protected.
00:16:31"I came back, I returned," says Shakira. After
00:16:34exactly 8 years, she returned
00:16:37to Spain. She wasn't going to Spain for certain
00:16:41reasons, as those who know, know. Shakira
00:16:44will give a series of concerts until mid-October. Of course,
00:16:47her fans are incredibly
00:16:49excited.
00:16:55Shakira is back in Spain after 8 years.
00:16:58The Colombian singer, who was enthusiastically
00:17:01greeted by her fans, will give a series of
00:17:05concerts until October 11.
00:17:07After her 11-year relationship with her team's former Barcelona
00:17:11star Gerard Pique ended in 2022,
00:17:15Shakira moved from Spain
00:17:17to the United States the following year
00:17:21with her two sons. She then
00:17:24turned her post-breakup experiences into an album
00:17:28and then a world tour. Now she is back in Spain
00:17:31for the final
00:17:32leg of that tour.
00:17:41Shakira performed for 50,000 fans
00:17:44at the first of 12 concerts in Madrid.
00:17:47A temporary stadium was built in the south of the capital
00:17:50for the concerts, and it was named Shakira
00:17:54Stadium.
00:18:02In the 2-hour show, there were 25 songs,
00:18:05many costumes, fire, and water.
00:18:20The concert ended with confetti and
00:18:22fireworks. More than 600,000
00:18:26people are expected to attend the concerts
00:18:29in the Madrid series.
00:18:38Traditional carpet making has now gained worldwide
00:18:42recognition. The carpet fields in Antalya Döşemealtı
00:18:45have a huge
00:18:46impact on this.
00:18:51Traditional carpet making, one of the most important
00:18:54legacies of nomadic culture, continues to be preserved.
00:18:57Carpets spread in the fields in Antalya have gained worldwide
00:19:01fame. The fields have also become a natural studio.
00:19:05They have now become one of the preferred locations
00:19:15for music video and photo shoots. Here is Antalya Döşemealtı.
00:19:18The tradition that has lasted for centuries continues to live on.
00:19:22Carpets woven with wool threads on hand looms
00:19:25are spread in the fields to revitalize their colors
00:19:29and for maintenance. Not
00:19:31only newly woven ones, but also
00:19:35antique carpets 100 years old. The carpets spread in July
00:19:38offer a visual feast until the end of October. The last guest
00:19:42of this feast was Isabel Rusine, the winner of the
00:19:45International Miss Aura Beauty Pageant. She both wove carpets
00:19:48with the masters and took
00:19:56photos. The young model stated that she was fascinated
00:19:59by this culture. She said that she had never seen such
00:20:02carpets before. Turkish folk music artist Sümer Ezgü
00:20:06and singer Mabel Matiz also shot the music videos for their songs
00:20:09in the carpet fields of Döşemealtı.
00:24:12Good evening, I am Gokmen Karadag, welcome to Acikca, dear
00:24:15viewers. There is turmoil, there is chaos, and it is clear
00:24:18what is causing it. The fund scandal, a massive scandal,
00:24:22a very big scandal, hundreds of thousands of people are victims,
00:24:25and a very large amount of money is involved. So, what
00:24:29is behind this scandal?
00:24:32Who are the responsible parties? Some people are being taken into custody,
00:24:36and the investigation is ongoing. And within the scope
00:24:39of this investigation, there were five new detentions today.
00:24:42Among those detained are two very prominent
00:24:46economics professors well-known in Turkey, Kerem Alkin and Emre Alkin.
00:24:58We are with Ersin Eroglu, a columnist for Sabah
00:25:01newspaper and a journalist. We will direct our questions to him.
00:25:05Welcome, Ersin, to our first segment. Our guest for the first segment
00:25:09is the General Secretary of the New Party, political scientist Associate Professor
00:25:12Yunus Emre. Welcome, Yunus Bey. And of course, Fikret Abi will
00:25:16direct his questions in the broadcast. Hello.
00:25:22"I also welcome Yunus Emre Bey.
00:25:25Now, look, five new detentions, the investigation
00:25:29continues. Who else will be arrested, what will happen, what will be
00:25:32asked of those detained? Also, there is a question
00:25:36asked to one of the detained individuals, the owner of Destek
00:25:39Yatirim Bank, Altunc Kumova,
00:25:42and he gave a very striking answer. It's in visual
00:25:46number 14, folks. Let's bring it up, because
00:25:50it constitutes important data regarding how and why
00:25:53we reached this point. In visual number 14,
00:25:57the New Party also pursued this matter. The New Party
00:26:00put forward its questions and expressed its opinions
00:26:04regarding the fund scandal. We will start by discussing these with Yunus Emre.
00:26:07Look, this gentleman is Altunc Kumova, the owner
00:26:11of Destek Yatirim Bank. It is stated
00:26:14that he was asked: "Isn't there something abnormal about your company's
00:26:17market value, which was approximately 15 billion TL at 46 TL,
00:26:20reaching
00:26:221 trillion 300 million TL?" I hope I read that correctly.
00:26:26It's a number with many zeros. How does this happen? Isn't
00:26:30there something abnormal about this? he asks. The gentleman
00:26:32says, "Yes, the figure you mentioned
00:26:36is an abnormal figure, but as the owner of the company,
00:26:39I didn't know what to do in this situation. As I stated at the beginning,
00:26:43since I wasn't interested in share value and sales,
00:26:47and we were completely focused on my company's commercial activities,
00:26:51I didn't conduct any investigation regarding this abnormal situation.
00:26:55However, I was always of the opinion that
00:26:58since it is regulated by the Capital
00:27:01Markets Board (SPK), if there were an abnormal
00:27:04situation, we would definitely be informed." Look,
00:27:07the owner of Destek Yatirim Bank, Altunc Kumova,
00:27:11in response to this question,
00:27:14says, "Since it's a situation supervised by the SPK,
00:27:17I thought that if something abnormal happened, we would
00:27:21be informed." Now, is this a confession or not? I will ask
00:27:24Yunus Bey, but let's also bring up the other visual
00:27:28that shows the New Party pursuing the matter, folks. Let me
00:27:31tell you its number.
00:27:34Where is it? Visual number 1. The New Party is pursuing
00:27:38the fund scandal. The New Party has an Economic Coordination
00:27:41Council, and it raised these questions: Liquidating
00:27:45131 funds is not enough. Those who allowed this system
00:27:48to grow must also be held accountable. After it was said that there
00:27:52was manipulation, why was it waited for 10 months?
00:27:54Who profited from privileged information? Look, who profited
00:27:58from privileged information, and why the inspection
00:28:02chain did not work must be explained.
00:28:04Small investors' savings must be protected, private
00:28:08losses should not be burdened on the public, liquidation
00:28:10should not replace accountability, liquidation
00:28:13should not replace accountability. The New Party, I believe,
00:28:17published a 4-page report, a kind of manifesto.
00:28:21In it, it expresses its demands
00:28:24as follows: The SPK must explain the chronology
00:28:28of the process that led to the liquidation of 131
00:28:31funds and the reasons for the delay to the public. The scope
00:28:34of the criminal complaints filed regarding suspicious
00:28:37transactions must be explained. Possible negligence and
00:28:40errors within the SPK must be investigated independently.
00:28:44Fund, TEFAS, IPO, and other permits given
00:28:47during previous SPK administrations must be retrospectively reviewed.
00:28:51Bank establishment permits given to relevant financial
00:28:54institutions and the responsibility of the decision-making
00:28:58bodies of that period must be investigated. The asset and account freezes
00:29:01imposed by MASAK must be announced. Measures to protect
00:29:04should be taken, individuals with concrete suspicions of fraud should not
00:29:07be allowed to remain in the management of financial institutions, possible
00:29:11participation of real estate in the purchase of my home
00:29:14and a home, valuation, price, liabilities,
00:29:18and risks should be disclosed transparently, and past losses
00:29:22should not be borne by the public.
00:29:24Yes, now I will ask this, please.
00:29:28In this scandal,
00:29:31where should we focus the most? Of course, it has many dimensions,
00:29:34many actors, but where should we focus the most so that
00:29:38such a thing doesn't happen again, and does this issue
00:29:42have a political dimension? Now, sir, of course it does, and
00:29:45the place we will focus on is the
00:29:49system that enabled
00:29:51this big plunder. A system is being established, look, we need to see this,
00:29:54a system is being established, and within
00:29:57the framework of that established system,
00:30:00as you showed in the previous
00:30:03view, incredible
00:30:07profits are being shown to the public, and
00:30:10then that established system is actually being liquidated at
00:30:14the current stage. So, what is happening today, I want our viewers to
00:30:18know and see this, what is happening today
00:30:22is the liquidation of this established plunder system due to the
00:30:25completion of the plunder. What is happening today
00:30:28is not the liquidation of these institutions. What is happening
00:30:32today is that the plunder
00:30:35is complete, and the plunder system is being liquidated. So,
00:30:39where should we focus the most while this plunder system is being
00:30:43liquidated? Who will bear the cost
00:30:46of this plunder that this system has caused?
00:30:50Now, this is one of the most important issues we need to focus
00:30:53on, discuss, and talk about. Now it is clear
00:30:57that the political power wants to remove
00:31:00itself from this incident.
00:31:03By targeting a few fund managers and a few managers
00:31:07of these companies, arresting them, and imprisoning
00:31:10them, they want to prevent this plunder system
00:31:13from being seen. Again, friends, I ask you, I want to draw your attention
00:31:17to an issue in the text you gave us in the announcement
00:31:20of our New Party. Look, in November
00:31:242015, Mehmet Şimşek and the CMB
00:31:27made a statement. They say, "We are aware of the irregularities
00:31:30in these funds, we will pursue them, we will fix them." Now
00:31:34I want to ask, 10 months pass, 10 months
00:31:38pass, and why is nothing done during these 10 months?
00:31:41Why does this plunder continue during these 10 months?
00:31:45And what is behind nothing being done
00:31:49during these 10 months? Behind nothing being done,
00:31:52believe me, there is political protection. Due to
00:31:56that political protection, progress cannot be made,
00:31:59but when it reaches a certain point, the cat is out of
00:32:02the bag, all this dirt is spilled out. As a result,
00:32:06one of the first questions we will ask here is,
00:32:09why did you wait 10 months? Because as the Minister
00:32:12of Economy, as the head of the SPK, you come together. You say
00:32:16there is manipulation, there is manipulation. So, is this
00:32:20manipulation related to one person or two people? It is related
00:32:23to hundreds of thousands of people, and you do nothing for 10
00:32:27months in the face of this manipulation involving hundreds of thousands
00:32:30of people. Also, there are people and institutions
00:32:33that should have performed their auditing duties during
00:32:37this period, but they did not perform their duties. Who prevented
00:32:41them from performing their duties? This needs to be revealed.
00:32:45The political power that prevented them from performing their duties.
00:32:48Was their duty not done? Of course it wasn't done, because
00:32:51it came out, it came out. It says there is manipulation
00:32:55here. If nothing was done for 10 months, it wasn't done.
00:32:59You don't say there was negligence here, you don't say it was
00:33:02overlooked by someone. You are talking about billions of dollars,
00:33:06you are talking about the savings of hundreds of thousands of people.
00:33:10If there was seriousness after this statement that there was
00:33:14manipulation, it should have been addressed immediately.
00:33:17This means there is a system here, and those who established
00:33:20this system are liquidating the system they established today.
00:33:24Their goal is to legally shift the responsibility for
00:33:27this to a few fund managers, and to shift the financial
00:33:30responsibility to all our citizens, to taxpayers. Now, the issue
00:33:34is completely exposed here. Now, Mr. Yunus, you are also
00:33:38stating something else here. It was waited
00:33:41for 10 months. Who profited from privileged information?
00:33:44Yes, now according to that, perhaps
00:33:48there were some people who knew that this time bomb would explode
00:33:52in 10 months, or however many months it is. And
00:33:56these people, before large groups had the opportunity
00:33:59to withdraw from this fund, slowly withdrew and filled
00:34:03their pockets with profits. Is that what you are implying?
00:34:07It's not an implication, we are saying this clearly, because
00:34:10Now, look, what kind of country
00:34:13do we live in? My citizen goes and pays money for individual
00:34:17retirement for 10 or 20 years, thinking "maybe I can buy a car
00:34:20for my child when they grow up, or it will contribute
00:34:24to their education." They make savings, right? State contribution
00:34:28will come, maybe some of my money will accumulate there,
00:34:32and it will contribute to my child's education, or I'll pay
00:34:35for their wedding, buy a TV for their home, or I'll buy
00:34:39a bedroom set, or you have a small amount of savings,
00:34:42and you look at it and say, "how much would it be
00:34:46if I put it in a deposit?" You calculate it. But now,
00:34:50in this system that is being described, returns have emerged
00:34:53that are much higher than deposit interest rates or any
00:34:56other savings instrument in Turkey, right? I mean, it has increased
00:35:00tenfold, twentyfold. There are terrifying increases in a very
00:35:04short period of time, value increases expressed in thousands.
00:35:07Thousands, tens of thousands. So then we will ask, brother,
00:35:11while a retiree saves money by pinching pennies,
00:35:13trying to save within modest means by keeping it in deposit
00:35:17interest, who established this system? Who benefited
00:35:21from these privileged opportunities offered by this system? And
00:35:24most importantly, what benefits did people who knew when
00:35:27to intervene, and what intervention would be made at what stage,
00:35:30obtain from these places during these 10 months? I will give
00:35:33you the previous visual, in the previous visual, friends,
00:35:37in the previous visual, to this question,
00:35:40that is, isn't there an anomaly
00:35:44in its increase from 15 billion
00:35:47to 1 trillion 300 million TL? Altunç Kumova, the
00:35:50boss of Destek Yatırım, said, "Since this is a situation
00:35:53audited by the SPK, we thought we would definitely be notified
00:35:56if there was an abnormal situation." Is this a confession in your
00:36:00opinion? It is a confession, of course. Here,
00:36:03it is confessed that the bosses and the people
00:36:07who politically protected this will not be prosecuted.
00:36:11Look, I repeat, the bosses, the bosses
00:36:15who are at the head of this business, and the people
00:36:19who prevented the audit in the political decision-making
00:36:22mechanism for 10 months and even before that, will not
00:36:26be prosecuted. They found a few
00:36:29fund managers, and they will prosecute them. That's all there is to
00:36:33it. This is a confession of that. So, Ersin Eroğlu? Actually,
00:36:36the markets completely hit rock bottom on September 15-16
00:36:40due to this fund issue. Now, of course,
00:36:43the question that comes to mind here is this: You are talking
00:36:46about a plunder. First, do you have any information
00:36:50about a withdrawal from these funds in the period up to
00:36:54a week before September 15th, that is, between the 7th and
00:36:5715th? Is there any information about the amount of this withdrawal?
00:37:01If there is, can we say the plunder is here, and is
00:37:04there any information about who carried out the plunder? Yes,
00:37:08now, of course, the plunder is not limited to that,
00:37:11the plunder is not limited to that. Of course, we also
00:37:15have some information that has reached us within the scope
00:37:18of this issue, but as you can appreciate, the incident
00:37:22is very fresh, we need to confirm this information, we
00:37:26need to conduct the necessary
00:37:28investigations. We are not in a position to say anything
00:37:32by naming names or stating amounts today, but believe
00:37:35me, in a few days, all this will be revealed in its
00:37:38entirety. Because we need to see this: look, these things
00:37:42have happened in Turkey in the past, but in the past,
00:37:45those involved in these matters, politicians and bureaucrats involved
00:37:49in such matters, were held accountable. Look, I see Mr.
00:37:53Fikret on the screen now, he will remember that there
00:37:57was a bankers' incident in Turkey in the early 1980s,
00:38:00or there was a situation into which the banking sector
00:38:03of that period was plunged in the environment where the
00:38:062000-2001 crisis was experienced, and all these scandals I mentioned
00:38:10had very serious political consequences. For this reason,
00:38:13believe me, this plunder we are facing will also
00:38:16have very significant political consequences. It will have
00:38:20serious effects on Turkey's economic management and politics.
00:38:24But again, I reiterate that
00:38:28it is necessary to conduct comprehensive investigations and
00:38:31confirm the information received. It is not right to present
00:38:34every piece of information to the public with the
00:38:37assumption that it is true. The leader of the New Party,
00:38:41Özgür Özel, also touched upon this issue yesterday
00:38:44and gave a hint that the matter needed to be
00:38:47looked at from higher up, and presumably, he will make
00:38:51another statement within this week on this matter. Will
00:38:54this be a statement regarding the higher-level or political
00:38:57dimension? This is undoubtedly the case, because, as I
00:39:01repeat, there are protected bosses, protected bureaucrats,
00:39:05and protected politicians here, because in the picture we
00:39:08see right now, "we see that these people are not
00:39:12held accountable, we see that these people are protected,
00:39:15and at such a point, in an environment where these
00:39:19people are protected, we see the liquidation of this plunder."
00:39:22Look, they say now that this liquidation, the liquidation
00:39:26of 131 fund institutions, will be realized by transferring
00:39:29them to Ziraat Bank and İşbank. I present this to
00:39:32the attention of our viewers: what is being liquidated right
00:39:36now is not these fund institutions, what is being liquidated is this
00:39:40plunder. "It's finished, they achieved their goals. They
00:39:43will throw a few scapegoats before the public, and then
00:39:47they think they will liquidate this plunder system. No,
00:39:50we will pursue this to the end. Mr. Fikret,
00:39:53yes, I want to ask Mr. Yunus
00:39:58Emre this. Now, Yunus Emre made a good
00:40:01diagnosis. He said that such plunders cannot
00:40:05happen without political protection. That is, he touched upon
00:40:08the political dimension of the issue. Indeed,
00:40:12considering that this plunder was carried out under political
00:40:15protection, what kind of initiative does the New Party
00:40:19plan to take to identify these politicians? For example,
00:40:22do you have any intention of filing a criminal complaint
00:40:26with the prosecutor's office, or bringing the issue to
00:40:29the parliament that will open on October 1st, Mr. Yunus?
00:40:33That is, undoubtedly, from October 1st,
00:40:36this issue will be one of our main agendas, both
00:40:40in terms of our Chairman's agenda in the group meeting
00:40:43and our agenda in the General Assembly of the Parliament.
00:40:47And within this scope, we will use all the opportunities
00:40:51provided to us by the Parliament's internal regulations and
00:40:54the Constitution, do not have any doubt. At the same
00:40:57time, we will pursue all avenues of legal recourse and
00:41:01court applications. But I especially want to draw our
00:41:05viewers' attention to one point again. Look,
00:41:08we are talking about a 10-month period, and within this period,
00:41:12we are talking about a concentrated plunder. And within this
00:41:15scope, we are talking about people who did not immediately
00:41:19address this, despite having made this diagnosis. Also,
00:41:22now, this SPK is being talked about a lot as
00:41:26an institution. Now, look, with your permission, let me
00:41:28explain with an example. Now, you are presenting this section
00:41:32that gets very high ratings in the evening slot. To
00:41:36be able to present this section, there is an accumulation
00:41:40of knowledge behind you. That is, for years, you have
00:41:43been a journalist, a television commentator, a television presenter,
00:41:47and you have reached this point. Mr. Fikret served
00:41:50as Ankara representative, newspaper editor. Now let's
00:41:53ask. How did the previous head of the
00:41:57SPK enter the SPK? Did he enter through the
00:42:00exams required by the profession, as we know? Or did he
00:42:03enter in another way? Are you talking about
00:42:06Ali Fuat Taşkesenlioğlu? Fuat Taşkesena. I am talking
00:42:10about the previous chairman. Also, how did he rise?
00:42:13Who are his relatives? These will be discussed
00:42:16a lot tomorrow and the day after, of course. That
00:42:20is, look, unfortunately, there is such a situation
00:42:23here. We are facing such a situation. Certain
00:42:26people are appointed to important institutions, important public
00:42:29institutions, as officials based on the criterion of being
00:42:33close to the government. These people do not have the
00:42:36ability, accumulation, or knowledge
00:42:40to work in those institutions. They are brought there so
00:42:44that they can overlook such irregularities, such mistakes,
00:42:47and be a part of this plunder system. We need
00:42:51to diagnose this. That is, competence and merit
00:42:54have been eliminated in Turkey. While diagnosing this,
00:42:58while expressing our cry about this, we said this
00:43:01by pointing out that these days were coming, as we
00:43:05reacted strongly to the interview approach in the public sector,
00:43:07because people who are not bound by the constitution,
00:43:11laws, and professional principles come to those positions as
00:43:14orders of the political power, and in those positions
00:43:18they hold, unfortunately, they do not protect rights,
00:43:21laws, justice, they carry out the instructions of the
00:43:25political will that brought them there. Yes, I mentioned this at the
00:43:29beginning of the broadcast, but let me list the
00:43:33names one by one, ladies and gentlemen, five new
00:43:36arrests in the investigation of the Istanbul Chief Public
00:43:40Prosecutor's Office regarding capital market transactions.
00:43:44And within this scope, Serdar Turhan, Chairman
00:43:47of the Board of Pusula Holding, Emre Tezmen,
00:43:51Chairman of the Board of Tera Yatırım Holding, and
00:43:54its executives, Emre Tezmen, Chairman of the Board of
00:43:57Tera Holding, and its executives, Alper Öztürk,
00:44:00Emre Alkin, Professor Dr. Emre Alkin, Professor
00:44:04Dr. Kerem Alkin, the Alkin brothers, two economist
00:44:07professors, were arrested. Previously,
00:44:114 suspects were arrested, and in the meantime,
00:44:15travel bans and asset freezes were imposed on
00:44:18all individuals reported by the SPK. Do you find
00:44:21this way of conducting the investigation sufficient? This
00:44:25is one. Secondly, secondly,
00:44:29it is taken, it is done, but in such a big
00:44:33scandal, many people, many experts describe this as
00:44:36a historic scandal. When evaluated from the perspective
00:44:45of these markets, a bureaucrat's resignation is seen in historic
00:44:49scandals, it is accustomed. That is, the world is
00:44:52accustomed to it, at least. Turkey was also accustomed
00:44:56to it once. What I mean, there would be some
00:44:59political accountability. Do you see these now? That
00:45:02is, we don't see it, but we don't accept it. That
00:45:06is, the fact that we don't see it, the fact that
00:45:20these resignations are not happening right now, does not mean
00:45:24it is right. We will pursue it to the end.
00:45:27Both in parliament and in the streets, we will
00:45:29not let this issue drop from the agenda of our
00:45:32citizens. We will do everything for those responsible to
00:45:35be held accountable. Well, before closing this
00:45:39topic, I want to ask this as well. Questions are
00:45:42also coming from our viewers about this matter, because
00:45:45small investors, now small investors also invested their
00:45:49money here. Those who plundered, plundered, but small investors
00:45:53are also waiting now, in fear. Regarding
00:45:56this issue, things are going down every day, I mean,
00:46:00it's constantly sifting. Yes. There was a redirection towards
00:46:03banks, but what do you think about this? What
00:46:07kind of actions should be taken for small investors
00:46:11who have money inside? A statement came, but
00:46:14how should these grievances be redressed? Now,
00:46:17there is of course responsibility on those who did not
00:46:21properly fulfill their auditing duty for the emergence
00:46:25of this great grievance of the small investor.
00:46:28That is, I want to bring this to your attention
00:46:32with an example. Remember what we were talking about
00:46:35during the earthquake days? That is, you go and
00:46:39buy a house, then the house collapses, and then you
00:46:43ask yourself, "Weren't there people who inspected this house?
00:46:46Weren't there engineers, inspection personnel, inspection
00:46:50organizations who signed off that this house was built
00:46:53according to regulations? Weren't there government organizations?"
00:46:56Right? You ask that. This is a very similar situation.
00:47:00This is not a very different situation. That is,
00:47:03while you are doing this, this is a legal process
00:47:07in Turkey. These processes are under control in Turkey.
00:47:10You enter this business within the framework of Turkish
00:47:14laws, knowing this, thinking that the relevant government
00:47:17institutions will prevent any wrongdoings or illegalities here.
00:47:21However, despite everything, we do not find it right
00:47:24for this burden, that is, this situation that has
00:47:28emerged, to be placed on the shoulders of taxpayers.
00:47:31I want to say that first. Whoever got rich
00:47:35from this plunder, whoever is responsible for this plunder, the arrows should
00:47:38turn to them, and they should be held financially
00:47:42responsible. Whoever took it, let them pay the
00:47:45bill, he says. Brother, there are examples of this
00:47:49in the world. Our chairwoman explained this with examples
00:47:54in Bursa yesterday. She talked about certain incidents
00:47:57in the United States, how they went back and how
00:48:01the money was taken from people who made huge profits,
00:48:04who committed huge plunders. The same should be done
00:48:07in Turkey. No ifs, let's give visual number 7,
00:48:11followed by visual number 6. Look,
00:48:14in visual number 7, yes, Mehmet Şimşek
00:48:18says that he knows that manipulation was done
00:48:22in some funds at his time. No one else
00:48:25is saying this. Ersin Eroğlu is not writing it
00:48:28as backstage information. I mean, it's not an allegation,
00:48:32the opposition has not made this allegation.
00:48:34An important name, a figure like Mehmet
00:48:38Şimşek, is saying this. What does Minister Şimşek
00:48:42say? We know that manipulation was done in some
00:48:45funds that showed an extremely sharp upward movement,
00:48:49and we are tracking them. The date is
00:48:53November 4, 2025. Yes. The year
00:48:562025, last November. Now,
00:48:59in September 2026, this scandal
00:49:02erupts, and Şimşek says
00:49:05that they know that manipulation was done in some
00:49:09funds related to an extremely sharp upward movement,
00:49:13and they are tracking
00:49:14them. And their tracking took a year. Do
00:49:18you believe this? He says, "We are tracking
00:49:21it," right? It took a year, brother. What kind
00:49:25of tracking is this? How does this tracking
00:49:29take a year? Mr. Yunus explains it like this:
00:49:33"We started working, we started creating codes,
00:49:36we started understanding the situation, and we are
00:49:39in the process of finishing," etc. etc. That is,
00:49:43such a process. He is not acting on a suspicion here.
00:49:47He says, "We know that it was done." He says,
00:49:51"There is manipulation." He says that manipulation was
00:49:54done. He is not saying that they have received some
00:49:58allegations and are investigating them. He says, "We know
00:50:01that manipulation was done, and we are tracking it,"
00:50:05and their tracking takes almost a year. Even
00:50:08children wouldn't believe this. Children wouldn't
00:50:12believe this. Well, let's also look
00:50:15at the other visual. Ramazan Başak, former Deputy
00:50:19Head of MASAK, right, Ersin Eroğlu? Yes, this
00:50:22is a very striking incident. Yes, now Ramazan Başak,
00:50:25just like Mehmet Şimşek said earlier, we are talking
00:50:28about this now, Ramazan Başak also shared this
00:50:32earlier. He says, "I made the following
00:50:35share on September 21, 2025. It coincidentally
00:50:39came across me, and I wanted to share it
00:50:43again." What did he do on September 21,
00:50:462025? What share did Ramazan Bey make?
00:50:49The head of the SPK, Ömer Gönül, has a statement
00:50:53like this: He says, "We attach great importance
00:50:56to the protection of investors." Ramazan Bey, on September
00:51:0021, 2025, quotes this message
00:51:03and shares his comment
00:51:07with the public: "No, you don't attach
00:51:10importance, Mr. Chairman." He says, "If you and
00:51:14the previous chairman, whose name is associated with all
00:51:18kinds of allegations, had attached great importance to
00:51:21the protection of investors, millions of small investors
00:51:24would not have been so immorally plundered and victimized
00:51:27by these robbers. Because you did not fully perform
00:51:31your duty, now in this country, the easiest, fastest,
00:51:34and most money is obtained from market manipulations in
00:51:38An example of the severe consequences of merit principles being trampled
00:51:41underfoot. We know the situation of the previous president and we know the situation of the next president.
00:51:44These institutions in Turkey have become someone's private farm, brother. People who study
00:51:48in very good universities in Turkey, who study in very good universities abroad
00:51:51and come back to Turkey and say
00:51:55"I must be useful to Turkey, I must work hard
00:51:59for my country and contribute to my country" are cast aside.
00:52:03These people are brought into these institutions without exams,
00:52:06through various different methods,
00:52:09and then they are promoted to the top of these institutions,
00:52:13and then this situation arises. What did he say
00:52:16a year ago? "We attach great importance to the protection of investors."
00:52:20When you say this, a MASAK expert says, "No, sir, you don't attach importance,"
00:52:23and this person is detained simply because of these views
00:52:27and these facts he presented. Can there be anything
00:52:30more serious than this person's detention? Can you imagine?
00:52:34People who want to defend Turkey's rights make a statement within
00:52:38the scope of freedom of expression, and these people
00:52:41are detained. Today, the executives of the company
00:52:45they brought up are detained. Now I want to ask,
00:52:48aren't both Ömer Gönül and Mehmet Şimşek,
00:52:52and the other authorized friends in this matter,
00:52:55indebted to an apology to Ramazan Başağı and those
00:52:59who defend Turkey's interests, brother? Also, do you know what
00:53:02the best example here is? This issue of being detained
00:53:06twice that you brought up. Believe me,
00:53:09believe me, Ramazan
00:53:11Başağan's statements were seen by a prosecutor somewhere,
00:53:15and he gave the order for detention. I don't believe that, brother.
00:53:18I say it openly. There is a political order here. So this company
00:53:22is being protected. A person who makes a statement
00:53:25about this protected company is immediately detained,
00:53:29for a lesson to be learned. Everyone should be afraid,
00:53:32no one should speak up. No one should talk
00:53:35about this company, is what they want. Don't you see this? Why was Ramazan
00:53:39Başak detained? So the police officers and the prosecutor's
00:53:42office who read that statement saw a danger and detained
00:53:46him? No, sir, no, with a political order,
00:53:49with a political order, Ramazan Başak was made a target.
00:53:53If he is silenced, and if the public sees this, people
00:53:56will not be afraid, pardon, people will be afraid, no one
00:53:59will talk about this, cannot talk. Now you ask me, 10 years,
00:54:03pardon, 10 months, how did this go unnoticed? Why
00:54:07did nothing happen for 10 months? This is why nothing happens.
00:54:10If you shut up those who speak, if you detain those who open their mouths,
00:54:14then people will say, "Oh, there is political
00:54:17protection for this, this company is protected, this company
00:54:20has strong backing, there are people behind this company, I won't open
00:54:24my mouth, something might happen to me." Because they think this, Turkey
00:54:27comes to this state. Who are these people? Who could it be, brother?
00:54:30Who can give an order to a prosecutor
00:54:33in the justice mechanism saying, "Take Ramazan Başa, bring
00:54:37him here with two policemen"? Think about it, who can give
00:54:40such an order? By the way, are others
00:54:43afraid to talk about this Tera? Is there such a situation,
00:54:46Ersin Eroğlu? I mean, are some fund managers
00:54:50and experts saying that this Tera is untouchable
00:54:53Now, we are talking about a company that has reached its peak in 1.5 years.
00:54:57That needs to be said first. Afterwards, of course, it had
00:55:01very suspicious movements, but if you talk about these suspicious
00:55:04movements, you could be accused of manipulation by the CMB
00:55:07and opposition to market law, and detention procedures could be applied.
00:55:10However, Ramazan
00:55:13Başak was detained twice, and even access
00:55:17to his social media account where he made his warnings
00:55:20to citizens was blocked. He was detained twice,
00:55:24and access to the account where he made these warnings was also blocked.
00:55:27He is the former deputy head of MASAK.
00:55:31Ramazan Başan, I also
00:55:35wonder now that
00:55:38there is clearly a gap in Turkey,
00:55:41meaning powerful people (in quotation marks, powerful
00:55:44people) can take advantage of this and speculate
00:55:47on the stock market through these funds and make
00:55:50big profits. Now, here, 7 fund
00:55:54companies
00:55:56were seized, etc., but
00:55:59after this, is someone's path
00:56:02being cleared? In the coming period,
00:56:06will we encounter new portfolio companies, new fund
00:56:09companies? While operations are being
00:56:12carried out here, is there another such danger?
00:56:15You see? Well, ultimately,
00:56:18in an environment where state institutions have been brought
00:56:22to this state, anything can happen. I can't say that these things won't happen, Mr. Ersin,
00:56:26but it needs to be seen and known that Turkey is a country
00:56:29where very important economic activities are carried out, a country
00:56:32that has very significant
00:56:36accumulation in tourism, industry, and services. The fund
00:56:39management system such a country deserves,
00:56:42the capital market understanding such a country deserves,
00:56:46is not this. We are sure of this. Even if these incidents
00:56:49are fully investigated today, even if this liquidation
00:56:53is fully realized, believe me, with
00:56:55this understanding, with this management
00:56:59approach, as long as these political protection
00:57:02mechanisms continue to exist, and of course, most importantly,
00:57:06in an environment where the rule of law and judicial
00:57:09independence are absent, Turkey will face new scandals.
00:57:13Therefore, dealing with this scandal
00:57:16decisively is very, very important for Turkey. This is something
00:57:20we will do to the very end, but this needs to be known. This
00:57:23is not a personal matter. This is very important for Turkey.
00:57:27We must go so far that the responsible parties and those
00:57:30who provide this political protection, those who are this shield,
00:57:33must be revealed and punished so that no one dares
00:57:37to exploit the rights of the orphaned children in this way again.
00:57:41So, really, great determination is needed here,
00:57:44but when I read the statements of the political power,
00:57:47I don't see any such determination. We are facing politicians
00:57:51who speak with the comfort and ease of people
00:57:55who have done their job regularly. This is truly
00:57:58horrifying, but we will hold them accountable.
00:58:02When the parliament opens tomorrow or the day after,
00:58:05believe me, we will pursue these issues decisively, Fikret abi.
00:58:09Yes, a very important issue. Gökmen, actually,
00:58:12Mehmet Şimşek at the time had said that
00:58:16they were aware that these funds were inflating
00:58:19their stocks towards the end of 2025,
00:58:22but nothing was done during that period. However, Turkey has very
00:58:25competent institutions to supervise these matters.
00:58:29Ramazan Başak Bey also drew attention to this
00:58:33and was detained for it. There is the Capital Markets Board,
00:58:37there is the BRSA. They should
00:58:40conduct these inspections routinely and prevent these
00:58:44corruptions and frauds before they happen,
00:58:47and hand over the culprits to justice. Here, it is definitely
00:58:51possible to say that there is political protection,
00:58:55and I agree with Yunus Emre's view. Without such protection,
00:58:58such a large-scale and open fraud
00:59:02cannot be committed. Now, people are wondering
00:59:05how the grievances of our citizens will be redressed.
00:59:07They are waiting with this thought,
00:59:11thinking about their savings, what they saved
00:59:14for their children in the future.
00:59:18They entered this business and came out with a huge loss.
00:59:21In Turkey, the effectiveness of these
00:59:25supervisory institutions has been consciously removed
00:59:28this point: the main reason
00:59:32for this movement is that Ekrem İmamoğlu was declared
00:59:35a presidential candidate during the old CHP era.
00:59:38On the day he was declared a candidate,
01:00:35about Mansur Yavaş for about two weeks, especially since
01:00:39his meeting with Erdoğan. Now, regarding
01:00:43Mansur Yavaş... ah, we got it here. Now Murat
01:00:47Sabuncu asks if he is still a candidate,
01:00:51if he is a potential presidential candidate for your party. Özgür
01:00:54Özel's statement is longer, but in the part we took here,
01:00:58he says this: "One understands that they
01:01:01will do everything so that Ekrem President does not become
01:01:04a candidate. In this situation, Mansur Yavaş's candidacy
01:01:07is a very important option. However, let me say
01:01:11something delicate here. I have been saying it from day one,
01:01:15we are not declaring anyone as someone's backup. Mansur Bey
01:01:18himself said, 'As long as Ekrem Bey's claim continues,
01:01:22I withdraw my claim.' In the end, it was an attitude
01:01:26in line with the spirit of the day, and now that he is considering
01:01:29running, it is a very important option both for us,
01:01:33for those responsible for determining the future presidential candidate,
01:01:36and for the nation. In the end, it was an attitude
01:01:39in line with the spirit of the day, and now that he is considering
01:01:43running, it is a very important option both for us,
01:01:47for those responsible for determining
01:02:39actually won the elections in 2014.
01:02:42That is, the elections Mansur Bey won as the Republican
01:02:46People's Party candidate were unfortunately taken
01:02:49from him due to political interventions by ministers,
01:02:52because they went to the election boards, and of course, due to
01:02:56a memorable phrase of that period, "a cat entering the transformer."
01:03:00He suffered a great injustice, but of course, he continued
01:03:03his struggle, and as a successful mayor whom the society trusted,
01:03:07he achieved a great election success in the 2019 elections
01:03:10despite all the pressures. You remember the eggplant
01:03:13terror, onion terror, "terrorists will come
01:03:17and read your meters," "terrorists will read
01:03:20your natural gas meters, water meters" despite these statements.
01:03:24I am telling you this because Mansur Bey,
01:03:28after this election success, because he maintained
01:03:31his modest political approach and was a representative
01:03:35of the understanding of serving the people with great care,
01:03:39he was re-elected as the Mayor of Ankara in the next election
01:03:42with a record 60% of the votes.
01:03:46He received twice the votes of his closest rival.
01:03:49That is, while his rival received 30% of the votes,
01:03:52he received 60%. Naturally, citizens also
01:03:56make some attributions to such a very successful mayor,
01:04:00a mayor who has won the hearts of the people. They say things like,
01:04:03"If such a successful mayor, who solves Ankara's problems,
01:04:06who puts forward extremely innovative practices in the field
01:04:09of social policy, who shows great solidarity
01:04:13both in pandemic conditions and against great injustices
01:04:16in Turkey, if Mansur Yavaş were the President of Turkey,
01:04:20he would do this and that." Our citizens attribute
01:04:24these things. In the end, our General President's
01:04:26statement also reflects this reality. But there
01:04:30is a point here. We held a primary election.
01:04:3315 million citizens went and voted for Ekrem İmamoğlu
01:04:37in that primary election. Now, after the open
01:04:41great solidarity, in the stance of solidarity
01:04:44that emerged against the great injustice done to Ekrem President,
01:04:48you will remember that Mansur Bey also took the forefront.
01:04:52Mansur Bey also stated that he did not have such
01:04:55a candidacy approach in the face of these injustices and that
01:04:59he supported Ekrem President. Now, the situation we are facing
01:05:02is unfortunately this: there is an effort to prevent
01:05:06Ekrem President in every way, because look at this person who understands
01:05:10that they will do everything so that Ekrem President
01:05:13does not become a candidate. The General President's statement,
01:05:17within the full text of the interview, points to something.
01:05:20What is it? The 2-year and 10-month sentence given
01:05:24to Ekrem President recently. Because look, I also
01:05:27fell into horror when I read the news
01:05:31about that sentence and the decision text, all of us fell into horror,
01:05:34because Gökmen Bey. There was Şadi Yazıcı,
01:05:38the former Mayor of Tuzla, there is an argument with him,
01:05:41he says, "Let him be, don't let him provoke,"
01:05:44etc. That's all the conversation is about. He was acquitted,
01:05:48acquitted again. So, in this case, where he was acquitted twice,
01:05:51on procedural grounds, they gave him a 2-year
01:05:55and 10-month sentence in the court it returned to, saying,
01:05:58"You didn't listen to the person, listen again and make a decision."
01:06:02This is a horrifying situation. Why are they doing this?
01:06:05They are doing this to go after İmamoğlu through all
01:06:09the existing files, to impose a political ban on İmamoğlu,
01:06:12to prevent İmamoğlu's candidacy. There is no other
01:06:16explanation for this. Therefore, our General President
01:06:20says, "They will do everything so that Ekrem
01:06:23President does not become a candidate." That is, these people,
01:06:27this understanding that convicted our mayor, our presidential candidate,
01:06:31Ekrem President, for two years
01:06:34and one month for saying
01:06:37"he is provoking," will ultimately do everything
01:06:41to prevent him from becoming a candidate.
01:06:44Our General President makes this diagnosis. Özgür Özel says,
01:06:47"Now that he is considering running." Yes,
01:06:51therefore, this is a very important
01:06:54option. He lists for whom it is a very important option.
01:06:57What does he mean by "now that he is considering
01:07:01running"? Well, ultimately,
01:07:05such a duty, a duty like presidential
01:07:08candidacy, naturally requires society to see
01:07:11that person in such a position, to desire
01:07:14it. This is a necessary condition, but it is not
01:07:18sufficient. Naturally, he also needs to have
01:07:21such a thought. That is, to overcome this social rising dissatisfaction in Turkey
01:07:25and to lead
01:07:27Turkey out of this darkness, it requires an initiative.
01:07:34Is there such a thought? Mansur President is not really
01:07:38busy with these issues. As the Mayor of Ankara,
01:07:40he is focused on Ankara's problems. He is making every effort
01:07:44to solve Ankara's problems, and indeed,
01:07:47Ankara is facing very significant services
01:07:50that have never been realized before.
01:07:54Therefore, what I see at this stage
01:07:57is this. Yes, Gökmen, now, of course,
01:08:01Mr. Mansur Yavaş is really focused on serving
01:08:04Ankara, and when asked this question,
01:08:08he doesn't give an answer. Now, let me emphasize
01:08:11bu hareketin. temel nedeni Ekrem imamoğlu'nun eee
01:08:14tabii eski CHP döneminde Cumhurbaşkanı adayı
01:08:18ilan edilmiş olması. Bu adalet ilan edildiği gün
01:08:21eee İmamoğlu'nun arkasında olduğunu ifade etti ve
01:08:25Cumhurbaşkanlığının adını bile anmadı.
01:08:27Şimdi Ekrem imamoğlu'nun bu iktidar
01:08:31candidacy will be prevented by this government.
01:08:34This is a very high probability. That is, the main reason
01:08:38and purpose of his arrest is to prevent
01:08:41his presidential candidacy. When such a situation
01:08:44becomes definite, when the elections approach, if İmamoğlu cannot
01:08:48be a candidate, then Mansur Yavaş's
01:08:51candidacy will come to the agenda. Mansur Yavaş
01:08:55shows careful consideration here. That is,
01:08:59instead of being a party's candidate, he aims to be the common candidate
01:09:02of all opposition parties and opposition movements against the government.
01:09:06Therefore, he is careful not to commit himself
01:09:09from now on, he is careful to stay out of the issue.
01:09:13That is, the new party supports Mansur Yavaş. We know this
01:09:17from the beginning. The Good Party expressed
01:09:21that they look favorably upon him, as did the Victory Party.
01:09:24He is still a CHP member; he has not resigned from there.
01:09:28But when conditions change, I believe he can join the new party
01:09:32and emerge as the presidential candidate of all opposition.
01:09:35If we could also take the second language, we only have 7 minutes
01:09:38left for Yunus Bey. Can I ask your question, Fikret abi?
01:09:42Of course, of course. I want to ask Yunus Emre
01:09:44the same question. That is, if İmamoğlu cannot
01:09:48be the new party's candidate, is Mansur Yavaş the candidate?
01:09:51Well, of course, you will appreciate
01:09:55that it would not be appropriate for me to say "our candidate is person A or person B"
01:09:59before an election decision is made. But this needs
01:10:02to be known: there has been a government
01:10:04in Turkey for 25 years, and this government
01:10:08has maintained its power by victimizing
01:10:11large segments of society from the very beginning.
01:10:15At the point we have reached today, this victimization,
01:10:19this weariness of the government, this desire for change,
01:10:22now constitutes a very large majority in Turkey.
01:10:25This large majority naturally includes all of us.
01:10:28I see Mansur Bey, in the framework I described,
01:10:31as a very valuable mayor who reacts to these injustices
01:10:34in Turkey, who does not accept these illegalities in Turkey,
01:10:38as the mayor of our second largest city, well-known by Turkey.
01:10:42I repeat, Mansur Bey's presidential candidacy
01:10:46is a societal attribution. When the time comes,
01:10:50we will naturally evaluate these within the party.
01:10:52Mansur Bey truly has
01:10:55great respect in all our eyes,
01:10:59we have great sympathy for him, and we see
01:11:02that his work in Ankara
01:11:05is an example for Turkey's change.
01:11:09That is, tomorrow or the day after, if there is a political
01:11:13power change in Turkey, believe me, what happens
01:11:16in Ankara will more or less happen in Turkey.
01:11:20Our citizens also see that. Therefore, you will appreciate
01:11:24that I do not want to enter into a candidacy discussion
01:11:27at this stage. I do not want to say "our candidate should be this or that,"
01:11:31but as I just explained, Mansur Yavaş is a very important
01:11:35person within this large opposition family
01:11:38and this large opposition family that will build Turkey's future.
01:11:41This should be seen this way. Eroglu,
01:11:45let me ask this way: statements regarding elections
01:11:48are coming from the government side, or rather, statements regarding
01:11:52election dates. Minister of Justice Mr. Akın
01:11:55Gürlek said "early 2028." Chief Advisor to the President Mehmet Uçum
01:11:59said April 18, 2028. No, April 16.
01:12:02Yes, he said April 2028. Does the new party
01:12:06have a prediction regarding election dates?
01:12:092, Mr. Özgür Özel, in his statement
01:12:13to Murat Sabuncu from T24, said it at the rally.
01:12:16He said it during his contact with citizens.
01:12:20He made a statement about 50 + 1, 60 + 1,
01:12:24and then a parliamentary system. If the new party
01:12:27comes to power in the next elections, is a parliamentary system on its agenda?
01:12:30Undoubtedly, listen. Now, the basis
01:12:33of our program, what does 60 + 1 mean?
01:12:37The basis of our program (you have 3 minutes)
01:12:41is the democratization of Turkey. That is, for us,
01:12:44the primary priority, the first thing we will do,
01:12:47are steps towards democratization. Now, in this context,
01:12:50to achieve this, we naturally need a majority
01:12:54in parliament. This is one.
01:12:57Why do we say 60 + 1 in the presidential election?
01:13:00We say 60 + 1 in the presidential election
01:13:04so that the elections conclude easily, so that the government
01:13:07cannot act with the intention of using state power
01:13:10to overturn election results, as it did in the past,
01:13:14and so that a great social consensus is seen
01:13:17for the realization of this change. The way is to win
01:13:21the elections with 60%. Therefore, for the presidential
01:13:25candidate, for the presidential elections, our goal
01:13:28is to win the presidency with 60% of the votes,
01:13:32to gain a majority in parliament, and then
01:13:35to realize this great change. That is, we know
01:13:39that we are victims, Mr. Ersin. We are a victimized party.
01:13:43Unfortunately, nothing was spared from happening to us.
01:13:46Our presidential candidate was imprisoned, a trustee was appointed to our party.
01:13:50The Republican People's Party was detached from its historical
01:13:53course by a null and void decision.
01:14:03We know we are victims, but we also know this.
01:14:06Society is already aware, but we are not content with this.
01:14:10We are working hard. In economy, in social policy,
01:14:13we are coming, we founded this party to come to power, that is, the new party, our
01:14:17party was taken from us, we need a party, sir, and our general
01:14:21chairman needs the title of general chairman, this is not a party founded for that.
01:14:25"It was founded to come to power, and we are doing
01:14:28whatever is necessary to come to power, we are doing
01:14:32this with great determination, and of course, we do not want this
01:14:35power to be like those in power now, to benefit from the
01:14:39power, glory, and splendor of power,
01:14:42to get rich quickly, we want power to democratize
01:14:46Turkey, to reach the target of Contemporary Civilization
01:14:49that Atatürk set for Turkey Therefore, we want
01:14:53to achieve this. To achieve this, we need a majority in the parliament, we need to
01:14:57win the presidential election with a large majority, and immediately after that, Turkey needs
01:15:00to switch to a parliamentary system. Yunus Bey, you are a political scientist,
01:15:04an associate professor, and as far as I understand,
01:15:08with your party identity, but more
01:15:11importantly, with your political scientist identity, you wrote
01:15:15an article, this article was published, the article is
01:15:17titled "New Party as a Social Movement and the Path to Power," the article is
01:15:20long, that is, not very long, but it deals with it here in this
01:15:24dimension. However, I must mention these titles:
01:15:27from the struggle for democracy to the social
01:15:31movement that will establish democratic power, a sentence whose nuances are very
01:15:34important: from the struggle for democracy to the social
01:15:38movement that will establish democratic power, a permanent political
01:15:42claim born out of necessity, objection is
01:15:45temporary, program is permanent, new
01:15:47generation party organization, a social
01:15:51movement organized in the form of a political party, look, a political
01:15:54party. a social movement organized in the form of, making
01:15:58the member again the subject of politics, no one is a
01:16:01guest, everyone is an equal founder,
01:16:04representation, cadres, and political renewal,
01:16:07knowledge-based and solution-producing politics, establishing clean
01:16:11politics within itself first, a party of struggle in an
01:16:14anti-democratic environment, these are all topics that need to be discussed at
01:16:17length, but, by writing this, what have you
01:16:21done, ultimately, as the general of our party,
01:16:25I wanted to share why we founded this party
01:16:28and what we have done so far and what we aim for in the near
01:16:31future, you are right, this is of course a habit
01:16:35from academia, that is, thinking by writing, I wanted
01:16:38to share this with society and readers, but you will appreciate that this
01:16:42is not an article that reflects only my thoughts, but rather
01:16:45a written form of the discussions we have had within the party and the ideas
01:16:49we have matured, if this were not forced upon us,
01:16:52we would need to talk about these
01:16:55topics more, and then they get angry, why doesn't the new party
01:16:59explain what it will do, it did, but it didn't have enough
01:17:02time. Yunus Emre, thank you very much,
01:17:05I wish you ease, we will be together again shortly, dear viewers.
01:17:09olacağız sayın seyirciler.
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01:18:23Açıkça continues, we are hosting three professors this evening
01:18:26on Açıkça. First, let me announce
01:18:29him because he came from Ankara from further away, economist Professor Doctor
01:18:33Yalçın Karatepe. Yalçın Hocam, welcome. Thank you.
01:18:42and former Minister of State Professor Doctor Ağat Andican. Ağat Hocam, welcome. Thank you, good broadcast. Ersin
01:18:45Eroğlu continues with us. Fikret Abi, soon,
01:18:49New Party Bursa Deputy Professor Doctor Kayhan Pala
01:18:53will also be with us via remote connection. Now,
01:18:56both Öner Hocam's determinations regarding this issue were reflected
01:19:00in the media, and Yalçın Hocam's tweets regarding
01:19:04this issue are on the agenda. Therefore,
01:19:08what is behind this issue,
01:19:10and where the real culprits should be sought,
01:19:14we will try to provide very valuable information
01:19:17about your perspective on this issue, dear
01:19:21viewers. I repeat the new development
01:19:24that I reported at the beginning of the previous
01:19:27segment. There are five new arrests. Look,
01:19:31five new arrests, and among
01:19:34these arrests, two of them are due to their connections
01:19:37as managers. Also,
01:19:48of course, the person in charge of Teren is also there.
01:19:51He is already being talked about a lot these days. So Emre Tezmen.
01:19:55Now, a television interview
01:19:59with Emre Tezmen from the past is circulating.
01:20:02He had a motto
01:20:05of "winning while making others win," like a slogan.
01:20:08The success of these
01:20:11papers, meaning their prices rising so much,
01:20:1410 times, 20 times, some even 17,000 percent,
01:20:18it's hard to even pronounce. Yes, it's hard.
01:20:22Now, let's watch what Emre Tezmen said in
01:20:25that interview. If my friends
01:20:28are ready,
01:20:30I see the magic of this business like this, Hocam. In Turkey,
01:20:34when making investments or in business
01:20:37life in general, our motto is this: We are not
01:20:41after winning alone. We are among those who believe
01:20:45that we can only win if we make others win.
01:20:47We can win if we make
01:20:51our investors, our partners,
01:20:54our country, our state, and our nation
01:20:56win. If this understanding
01:21:00can spread to the grassroots,
01:21:03if it can spread to the capital markets, then I think
01:21:07the real gain will be there.
01:21:09düşünüyorum,
01:21:12Can I briefly ask both Yalçın
01:21:16Hocam and Öner Hocam what this gentleman
01:21:19said means and how
01:21:22it can be linked to this scandal that has victimized hundreds of thousands
01:21:25of people? Now, Gökmen Bey, I also watched the video
01:21:29you broadcast earlier, I hadn't seen it before.
01:21:33The expression used there is actually
01:21:36a very common thing in Turkey. It's an expression frequently used by those in power:
01:21:40spreading capital to the grassroots. So that people
01:21:44can evaluate their savings in company shares,
01:21:47they can also hold different financial assets.
01:21:51In fact, when we look at medium-term programs,
01:21:55since medium-term programs started to be published, I have read all of them.
01:21:58There was this expression: the access of companies to capital markets
01:22:01will be facilitated, meaning going public will be facilitated,
01:22:05capital will be spread to the grassroots, and so on.
01:22:08There are such explanations. One of the data I regularly
01:22:11follow is how many investors
01:22:15there are in the stock market. These are published regularly on the stock exchange's
01:22:18official website, called the data analysis platform. I go there and look.
01:22:22How much money there is, what is the size of whose portfolio - I mean
01:22:26in terms of investor segments. As of the end of August, the latest official
01:22:296.7
01:22:33million accounts in the stock market, meaning
01:22:356.7 million people have money
01:22:39in the stock market. However, what is striking is that
01:22:42we are usually told that the number of investors in the stock market has increased so much, do you see,
01:22:46capital is spreading to the grassroots and so on.
01:22:48Out of these 6.7 million people,
01:22:513.7 million - I repeat the number -
01:22:533.7 million people have less
01:22:57than 10,000 Turkish Lira in the stock market.
01:22:59So, we are not talking about capital spreading to the grassroots here.
01:23:03Approximately 90% of the transactions in the stock market
01:23:07are carried out through 30,000 accounts. The remaining millions
01:23:10actually have very small amounts of money. Now,
01:23:13if you make 10,000 in the stock market, say you gain 30%,
01:23:17that's 3,000 lira. If you gain 50%, that's a good
01:23:20performance, 5,000. We need to ask this question:
01:23:24what do people expect
01:23:26when they evaluate their small investments here?
01:23:29Their expectations? What we commonly see,
01:23:33and we clearly see this in social media posts
01:23:36after this fund issue exploded,
01:23:39is that because their incomes are insufficient,
01:23:42even if they have little money, they seek opportunities
01:23:46to multiply it quickly and easily.
01:23:50When I say opportunity, from an investor's perspective, they think, if I invest this
01:23:53here, can I turn my 10,000 lira
01:23:56into 15,000, or whatever
01:24:00return I will get.
01:24:03In Turkey, I think this is directly related
01:24:06to income inequality or the deterioration of income distribution.
01:24:09When you work, what you earn is not enough to get by.
01:24:12So if you have money for a while, you start looking for
01:24:16where you can invest it.
01:24:20Sometimes you invest it in risky assets like the stock market,
01:24:24and sometimes in less risky places like money market
01:24:27funds, which should normally be risk-free.
01:24:31Now, the citizen's desire to make money -
01:24:34I'm not criticizing this, everyone
01:24:37wants to make money - creates opportunities for people like
01:24:41the gentleman we showed on screen a moment ago. How does
01:24:44it create opportunities? The citizen, to make
01:24:47money, does not do this: analyze
01:24:52the company's balance sheet, look at its sector,
01:24:55evaluate the Turkish economy
01:24:58from there, analyze what's happening in the world, and how it affects the company's shares.
01:25:02They don't do this. What do they do? They look at past
01:25:06performances. For example, last month, such-and-such
01:25:10fund gained this much, in such-and-such period, such-and-such stock gained
01:25:13this much. This story has many buyers.
01:25:17This is not just something happening in this period. I have been
01:25:20explaining these things at the faculty for years, and I gave this example,
01:25:24I will mention its name. Hürriyet newspaper, Hocam, perhaps you remember,
01:25:27it was the late 90s, perhaps early 2000s,
01:25:31I don't remember when it last did it. It would publish
01:25:34news like this: In the first week of January
01:25:37of the year, if you had x amount
01:25:40of money, say 100 lira, and you invested it every day
01:25:43in the stock that gained the most on the stock market, you would have
01:25:47this much money at the end of the year. This news has many buyers,
01:25:50because you turn 100 lira into I don't know how many hundreds of thousands of lira. Every day,
01:25:5420% - there was a limit then - the highest
01:25:56gainer, and every day the highest, it's easy to look back and find
01:26:00it, but it's impossible to predict it forward. Now, you are an average
01:26:04citizen, you read the newspaper, you see 1,000 lira becoming hundreds of thousands
01:26:08of lira, and you ask yourself, why can't I do it?
01:26:11Similarly, those who want to evaluate these funds look
01:26:15at the past performances or returns
01:26:18of these stocks. "I use quotes because we were already
01:26:21talking about how manipulative these are, but we clearly
01:26:25see it in the recent events. They look at these. Now,
01:26:28the gentleman on the screen
01:26:31a moment ago, Emre Tezmen,
01:26:33Tezmen,
01:26:35understood very well where investors look. The place he looks
01:26:39is to be at the top of the fund ranking. When you are at the top,
01:26:42money starts flowing in, because when you say "sort
01:26:46by fund performance in Tefas" and give a command in Excel,
01:26:50there are places that automatically sort and publish these.
01:26:53You look, and you see that while you gain 2-3%
01:26:57per month, X fund, like this Tera fund, gained
01:27:01incredible amounts like 6, 7, 10 percent per month, and it did this
01:27:04for quite some time. You say, everyone is winning, why should I stay
01:27:08out of it? I don't understand these things anyway.
01:27:11Even if the derivatives of the investment fund are different,
01:27:15I will also get into this. This time, money starts flowing
01:27:18into the system. "As money flows,
01:27:22those at the head of the system use this flowing
01:27:25money in illegal or by
01:27:28pushing the regulations,
01:27:31through various transactions like repo,
01:27:35reverse repo, raising stock
01:27:39prices, they show a stronger performance, making
01:27:42money flow, that is, allowing the system to be fed.
01:27:46This situation arises. But since there is no real
01:27:49value, that is, as long
01:27:52as money flows, the system is fed. When the money flow weakens,
01:27:56we already knew that they manipulate stock prices by borrowing
01:27:59from their other funds. We saw this too.
01:28:03We are facing a disaster created by
01:28:06such a system,
01:28:09a terrible event. We also know the fact
01:28:13that hundreds of thousands of people are victims.
01:28:15I have talked a lot, so let the other speakers.
01:28:20"Now, a question is asked to the manager of this
01:28:23Compass, he says, you started with this much
01:28:26money, 15 billion, it exceeded
01:28:29a trillion, in such a short time, this is abnormal, isn't
01:28:32it? And he says, well, of course, as the company manager, I am primarily
01:28:36concerned with that, and so on. At the end, he says, but
01:28:40since the Capital Markets Board
01:28:43audited it, if the Capital Markets Board saw any abnormality, it would
01:28:46have informed us, he says.
01:28:49This is considered
01:28:52an almost confessional statement on social
01:28:56media. Do you also think there is a confessional
01:28:59statement here? If it is a confession? A confession of
01:29:02what? Then, it is a confession, of course, but everyone
01:29:06is probably trying to save themselves. Now, Hocam,
01:29:10since it is his area of expertise, he probably
01:29:13observes these things experimentally and collects
01:29:17data. He explained it well,
01:29:20but please do not forget this aspect:
01:29:24this is not a coincidence or something that can happen
01:29:27in every economy. First of all, citizens need
01:29:30to know this: such a macroeconomic
01:29:34policy, a policy implemented by suppressing exchange rates in this
01:29:38way, that is, by excessively raising
01:29:42interest rates, makes people dependent
01:29:46on interest and returns from such financial
01:29:49instruments, or a regime that increases their attractiveness.
01:29:53We have such a regime in front of us. Let's put
01:29:55this aside. We cannot interpret
01:29:59this event without taking this into account. I am saying
01:30:02that these policies implemented
01:30:05since 2023 have given rise to this.
01:30:08Similar policies have also yielded similar
01:30:12results in the past. Let's remember the 2001 crisis. When you apply
01:30:16pressure on exchange rates in this way, the similar
01:30:20situations that will emerge are always things
01:30:23that theory guides us about or predicts.
01:30:27This is the first. Second, we, as Turkey, have
01:30:31learned lessons from past crises, and we
01:30:34didn't have proper financial markets in the past. These
01:30:37were gradually established with the efforts
01:30:41of opening up to the outside world and marketization
01:30:44since the 80s. For better or worse, we have a level
01:30:48of institutional development, and especially in financial
01:30:51markets, these bitter experiences
01:30:55brought us certain institutions. For example,
01:30:58the Capital Markets Board was established in the early 80s, the stock market
01:31:02was established in 1986-85. Later, the Banking Regulation
01:31:06and Supervision Agency was established, although we had another mechanism
01:31:10before that. Our financial institutions emerged
01:31:13in this way. However, these
01:31:16institutions were supposed to foresee certain
01:31:20shortcomings in the market and intervene
01:31:23to prevent the events we experienced
01:31:26from happening again. Their job descriptions were made accordingly,
01:31:30and their personnel organization
01:31:33was organized accordingly.
01:31:36And as far as I know,
01:31:39the Capital Markets Board, the Banking Regulation and Supervision Agency,
01:31:42and generally the economic bureaucracy in Turkey,
01:31:46were the most qualified bureaucracy.
01:31:49Therefore, it consisted of people who could interpret an event
01:31:52when they saw it, take precautions when necessary,
01:31:56and use the powers granted to them by law. When
01:32:00this event came to the public agenda earlier,
01:32:04like you, I also waited, or like the gentleman concerned,
01:32:08I also waited, because my trust remained in old Turkey,
01:32:11so one part of me thought that the institutions I knew
01:32:15in old Turkey would see these issues
01:32:18and not tolerate them, they would intervene.
01:32:21But they didn't. After that,
01:32:24it's very easy to blame others for this crisis
01:32:27after it has erupted. But what I wonder
01:32:31is what happened. What happened that these
01:32:35institutions, built upon so much experience,
01:32:38could not fulfill their duties? Because
01:32:41some things I know from within
01:32:44also come into play here. People see this anyway.
01:32:48The statements of the esteemed president and later the esteemed
01:32:51minister are also there, they see the event. Well, let me
01:32:53ask now, which I think is a very important
01:32:57thing, perhaps even more important for you:
01:33:00what happened that this was a case
01:33:03of Lades right before our eyes? Everyone
01:33:07knows what's happening, but no one is taking precautions.
01:33:10What is preventing these precautions from being taken? In
01:33:14my statements and in the article I wrote, I asked
01:33:16these questions. You emphasize this,
01:33:20you say those institutions could
01:33:24not fulfill their function. Let me take your program
01:33:27as an opportunity to tell you the answer:
01:33:30generally, politics is conducted through lobbying.
01:33:34That is, various groups lobby
01:33:37among members of parliament, with ministers,
01:33:41and explain their concerns, trying to influence
01:33:45decisions. This is completely normal, it's done this way all over the world.
01:33:48But when you move away from the parliamentary regime,
01:33:52to influence those laws and
01:33:56implementations, you no longer need to go to a minister,
01:33:59nor do you need to go to a member of parliament, because they
01:34:02are dysfunctional. You tell them to sign,
01:34:05and they sign. Ultimately, your words fall on deaf ears in parliament,
01:34:09but where is the lobbying done? It's done
01:34:13in single-man regimes established at the top,
01:34:16an oligarchic structure emerges, and it happens among
01:34:19them. Believe it or not?
01:34:23Including rector appointments, which we all know.
01:34:27Now, the presidency is not just about rectors,
01:34:30if you appoint any civil servant, an ambulance
01:34:34driver, you need to lobby at the presidency.
01:34:37Therefore, these lobbying activities are aimed
01:34:41at influencing that single person who will use the power.
01:34:45And whoever can reach him
01:34:48and has the chance to lobby and influence
01:34:52the use of power, what they say
01:34:56is done, not what is right or what should be done.
01:35:00Therefore, this crisis is not
01:35:02a crisis that can be evaluated only within the boundaries
01:35:06of financial markets. That's why we need to look at it broadly.
01:35:09This is a crisis created by the presidential system,
01:35:12by the single-man regime, and it's not the only
01:35:16crisis. Look, the 2018 Branson crisis,
01:35:19followed by the KKM issue, right? The NAS
01:35:22period, 60 million comes from
01:35:25symbolic figures, I'm saying it comes from Branson.
01:35:28Branson period's thing is 60 billion,
01:35:32it comes from NAS. There's this.
01:35:3560 billion comes from the IBB case. I don't know,
01:35:38there must be another 20 there. So this presidential
01:35:42system has imposed an incredible cost
01:35:46on the public of the Republic of Turkey. Now,
01:35:49we economists or political scientists can say
01:35:53that this system is very costly, difficult, and so on, but
01:35:56in the case of Turkey, we can now express it in figures.
01:36:00The visible cost of this regime
01:36:03is 500 billion,
01:36:07and we are trying to sell bridges for 4-5
01:36:10billion, sell bridge revenues, and children
01:36:13in the country still cannot eat at their schools,
01:36:16they go hungry, you still cannot
01:36:19solve the problems in education, you cannot give pensions
01:36:22to retirees, you can give wages to minimum wage earners.
01:36:25To complete Hocam's argument, let me say one thing:
01:36:29if you pay people below the hunger
01:36:32threshold for minimum wage, it means people are starving
01:36:36below the hunger threshold. What will people do to avoid
01:36:39starving? They will either take a second job,
01:36:43and if that's not enough, they will resort
01:36:46to such schemes. Why? Because you show
01:36:50that life on television, you pump
01:36:54that life in the media. People want it, young people
01:36:57want hope, and young people who have lost
01:37:00hope inevitably turn to such
01:37:03areas. Well, if you allow me, can I add something? Because
01:37:07it's directly related to your question. Now, the issue of responsibility
01:37:11is actually multi-dimensional. In the statement you quoted earlier,
01:37:15"company owners say, 'the state was there, if it had intervened...'" they make
01:37:18a statement to put themselves in a somewhat irresponsible position outside
01:37:22that system, but there's no acceptable side to this, I'm telling you frankly,
01:37:26these things are done knowingly.
01:37:29I'm a company owner, but I don't look at what's happening in the stock market. All company
01:37:33owners first look at where their stock price is going,
01:37:37especially if there are such abnormal increases, this
01:37:40is not something people do by coming together in the market,
01:37:44it's done knowingly." We clearly
01:37:47see that it was done knowingly in yesterday's Capital Markets Board statement.
01:37:51The Capital Markets Board has a surprising statement. It says,
01:37:55in the last quarter of 2025, that is, last autumn,
01:37:58we saw manipulative transactions here. They don't
01:38:02call it manipulation, they use somewhat convoluted sentences
01:38:05like "price formation processes that do not reflect the truth," but I'm telling you the gist.
01:38:09We saw manipulation being done. Upon this, they say, we wrote
01:38:12an opinion from there. We asked the other.
01:38:15"we brought together market experts" he says a year has passed,
01:38:18look, the CMB legislation is regulated
01:38:21in such a way that it allows you to intervene immediately when you see manipulation,
01:38:25and think about the stock market, when movements in the stock market reach a certain
01:38:29level, something called a circuit breaker kicks in, transactions are
01:38:32stopped and so on, so everyone actually sees
01:38:36what's happening, the company owner does it willingly,
01:38:39what happened to the institution responsible for supervising
01:38:42and regulating it?" It sees it's over, and the minister
01:38:46who is politically responsible for these matters and is affiliated
01:38:49with that institution also sees it. Let's remember, last autumn in Istanbul,
01:38:53the minister and the CMB, in what was probably a financial
01:38:56summit, sat side by side and spoke to television
01:39:00cameras, saying that strange things were happening here.
01:39:03I'm telling the esteemed Minister from here, you should have turned to the gentleman sitting next to you,
01:39:07not the television camera,
01:39:10and asked that day, "If these things are happening, what are you doing?"
01:39:13Now, the fact that everyone sees it but no one intervenes
01:39:16naturally brings these questions to people's minds:
01:39:19Is it possible that
01:39:22someone was protected and shielded within this system,
01:39:25or that someone's resources... were there, and
01:39:29they were allowed to leave the system
01:39:32in some way, or until they took their money and left,
01:39:36these matters were overlooked? As a citizen, I rightly
01:39:39wonder about this. Everyone sees it, but no one does anything. Who
01:39:43doesn't see it? Those with 10,000 liras who worry if they can grow
01:39:46their house rent by 2-3% before their rent payment
01:39:50date, or those saving money to buy a car,
01:39:53they might get a little more from there.
01:39:57They don't see it, but everyone else sees it. I don't
01:40:00think it was a coincidence, I don't think
01:40:04it was overlooked by anyone, and it was done
01:40:07willingly with these fund managers involved,
01:40:10where the institutions directly responsible
01:40:14are also responsible, like the BRSA.
01:40:17Look, I think they also have a bank
01:40:20called Destek Yatırım, these are not just funds. I openly
01:40:23ask here, their banks are still open, no measures have been taken, sir, let me ask a question.
01:40:28"How many times has the BRSA inspected
01:40:31that bank until now?
01:40:34Look, I'm openly asking something: Was the inspection officer
01:40:38called back
01:40:39who went for the inspection?
01:40:42Let them say no, they weren't called back, and we'll be relieved, or that they sent them
01:40:46and inspected, and share these inspection reports with the public.
01:40:49We are asking concrete things. So,
01:40:52the fact that something everyone knows
01:40:55about has continued for so long,
01:40:58gives me the impression that there are
01:41:01protected and shielded funds involved.
01:41:05In that case, we need to ask the question: who was protected,
01:41:08and whose resources
01:41:12were allowed to grow so much? Now, let me say something.
01:41:15The question you asked me, about the owner or manager
01:41:19of the relevant company saying something, well, in the current
01:41:22Turkish Commercial Code, which we refer to as
01:41:26the new TCC,
01:41:31it is defined with an innovative approach, and
01:41:34new institutions have been created within provinces
01:41:37and holdings or companies, especially new institutions
01:41:41related to internal audit, and one of these institutions
01:41:45is to monitor the company's
01:41:48risk, which is a financial institution,
01:41:52to track it, and when those
01:41:55risks arise, to intervene.
01:41:58Today, the duties of some of the arrested board
01:42:02members, as far as I can see,
01:42:05are important in this sense.
01:42:08Therefore, the legislator has already seen these
01:42:11risks and placed such a corporate structure
01:42:14there. So, I think the legislator
01:42:17has fulfilled their responsibility,
01:42:21but there has been a serious problem in its implementation
01:42:24I say that the reason
01:42:27for this problem is the current system of governance
01:42:30in Turkey. Yes. Now, there's an important
01:42:32headline in Professor Öner's statement,
01:42:36which is this: look, the independence of institutions has always been a debated topic
01:42:40in Turkey. However, looking at the laws,
01:42:44regulations, and directives issued, yes, it's not bad,
01:42:47some independence has been achieved here, but how functional
01:42:51this independence is, is also a matter
01:42:55point brought out by this scandal, says Professor Öner.
01:42:58"Is this independence being made functional or not?
01:43:01Look at the Central Bank,
01:43:05independent? I see.
01:43:08Professor Yalçın also wants the following to be clarified, dear viewers:
01:43:12since the CMB said it became aware of these actions,
01:43:16that is, for 10 months, who are the people who have made
01:43:20heavy transactions through these funds? He says these should be announced, because after
01:43:24these things exploded, that is, since September 17th, hundreds of thousands
01:43:27of people couldn't get their money, so a default occurred, and they
01:43:31couldn't get it anyway when everyone wanted it at once. So,
01:43:34did someone say, "Friend, this thing is going to explode,
01:43:38people don't know yet, let's slowly get
01:43:41out of here and secure our sweet profits"?
01:43:44While it was privately held, this infrastructure
01:43:47was being prepared by 14 people through their own
01:43:51transactions. Who are those 14 people
01:43:55who made transactions among themselves?
01:43:58"The later ones are separate, but these 14 people
01:44:02are names I'm very curious about.
01:44:04Therefore, who made significant transactions
01:44:07during that 10-month period and in high amounts?"
01:44:10Who made withdrawals? Now, they might say it's a trade secret,
01:44:13but Professor Yalçın says no, this is not a trade secret, right? It's not,
01:44:17of course. Now, over 500 thousand
01:44:20people have been victimized, they have lost their money.
01:44:24You can't say, "We're sorry, those who were involved in these matters
01:44:28made transactions, we can't tell you, it's a trade secret." Trade secrets
01:44:30happen in normal business operations, and no one knows
01:44:34what anyone else is doing, but there's a loss of over 20 billion
01:44:37dollars, over half a million victims.
01:44:41In that situation, the statement "We can't disclose who made
01:44:44the transactions" is not acceptable. I emphasized this in that post
01:44:48about the 10-month period, but I think
01:44:51it shouldn't be limited to that. Now, should all transactions
01:44:55part of the issue. at from before? Of course,
01:44:59the records of all transactions made in these funds are kept,
01:45:02they are everywhere. So, when you look at the Central
01:45:05Registry Agency, who bought and who sold...
01:45:09Emre Tezmen was also there, yes.
01:45:23In the end, the records are there, so since this system
01:45:26was established, that is, things like Tera,
01:45:30Pusula, and so on, a large majority of the transactions
01:45:34made there, who made them, how much money did they
01:45:37put in, how much money did they leave with when they withdrew,
01:45:41how much money was earned? I'm not talking about small investors,
01:45:45like someone put in 10,000 liras and took out 20,000 and left.
01:45:48But who are those who entered and exited
01:45:52with billions of liras? This needs to be determined,
01:45:55and a significant portion of the losses should be recouped from them.
01:45:59This is how things are done all over the world. You can't say, "What can we do, you made money
01:46:03at the right time, you realized it early and left," because, I'm saying this
01:46:06with the CMB's statement, manipulation was carried out here.
01:46:10To say "information" is to willingly
01:46:13change prices to benefit certain individuals, willingly.
01:46:16That is, manipulation is a crime,
01:46:20isn't it, sir, in our law, it's a crime all over the world,
01:46:23and the CMB says it detected this. But it
01:46:26shouldn't be limited to this one-year period. I emphasize
01:46:30that period specifically because they waited.
01:46:34Their waiting is perhaps more specific,
01:46:36there's a point related
01:46:39to the departure of accounts from there... I'll express
01:46:43it when it's my turn. It will be your turn,
01:46:46but let me say hello to our guest joining remotely, dear viewers.
01:46:50We have two economics professors, two medical professors.
01:46:54Professor is a medical professor but a politician, former
01:46:57Minister of State. Professor Pala is also a medical professor.
01:47:01We used to broadcast a lot with Professor Kayıhan during COVID,
01:47:04but for a while now, he's been a Bursa MP for the New Party.
01:47:08Now, Professor Kayan, I'll come to you, but let's listen to Professor Ahat.
01:47:11Professor Ahat says the names should be announced.
01:47:13However, if there are names that cannot
01:47:17be announced, that's the key
01:47:21sentence and question. And there's a long
01:47:2410-month delay. I'll say something
01:47:27about the chronology a bit later.
01:47:29The board's decision
01:47:32on this and its announcement of
01:47:35restrictions and so on was in August.
01:47:39"Only in the period after that, do we see
01:47:42the squeeze beginning to affect small investors.
01:47:46This wasn't the case before that period.
01:47:48Now, there's an interesting
01:47:51situation that wouldn't happen anywhere else in the world.
01:47:54This Altunç Kumova, the owner of Destek
01:47:57Holding, hmm,
01:48:00in his prosecutor's statement,
01:48:04the prosecutor asks a question, as mentioned when
01:48:07starting a little earlier. "He says, your company,
01:48:10which has a market value of approximately 15 billion
01:48:13Turkish Liras, has reached 1 trillion
01:48:17300 billion liras
01:48:20in Turkish Liras. Isn't there an anomaly in that?
01:48:24Answer: Yes, the figure you mentioned
01:48:27is an abnormal figure, but as the company owner, I didn't know what to
01:48:31do in this situation." Now, look, 1 trillion
01:48:35300 billion Turkish Liras is the company's
01:48:38value. What is this company?
01:48:40Destek Holding. What has it done?
01:48:44It has funds. So, where did it invest?
01:48:47It invested around 60% in stocks,
01:48:5060, 70, or 50% or whatever. It invested in stocks,
01:48:54and the rest in repurchase agreements, I don't know,
01:48:57bonds, and so on, treasury bonds,
01:49:00and so on. Now, in which country
01:49:02of the world, in which country of the
01:49:06world can you get such a large income
01:49:10and a large
01:49:12outflow by just investing in bonds and other things?
01:49:16The market value is 1 trillion
01:49:18300 billion liras. I wondered,
01:49:22what is the situation of other well-known
01:49:26companies in Turkey? Look, Garanti Bank is one of the top
01:49:29ones, 545 billion
01:49:32liras market value, 545 billion
01:49:35liras. Tüpraş is 417
01:49:39billion. I checked the figures today.
01:49:43Koç Holding is 214 billion. İşbank
01:49:46is 355 billion.
01:49:49This fund has grown to almost double
01:49:58the size of these giant corporations.
01:50:00Is this possible
01:50:04in Turkey? What did they invest in to achieve
01:50:07such a huge
01:50:10thing? The situation was clear from the start,
01:50:14that is, that thing,
01:50:17the famous, Leonard Cohen's
01:50:20once before, it became
01:50:24an issue, I brought it up here, there's that thing, "Everybody Knows,"
01:50:27isn't there? Everyone knows, a situation that perfectly
01:50:30fits that here. I want to remind
01:50:34our viewers of it. It says, roughly, everyone
01:50:37knows the losses are criminal, everyone knows the fight
01:50:41is criminal, everyone knows the ship
01:50:44is taking on water, everyone knows the captain
01:50:48is lying, everyone knows the good guys
01:50:51lose, the poor stay poor, the rich get richer, everyone
01:50:55knows that's how things work.
01:50:58Now, a song,
01:51:00lyrics that perfectly fit this event.
01:51:04Now, the reason I started
01:51:07with this event was this: Ahat
01:51:11Andican summarized this situation with a very famous,
01:51:15well-known, and also beautiful song by Cohen.
01:51:18With the lyrics of that song, according to the CMB's
01:51:21statement that Professor Hoca just mentioned, the CMB brought the issue
01:51:25before the Financial Stability Committee chaired by
01:51:29Minister of Treasury and Finance Mehmet Şimşek. When?
01:51:32On December 2nd of last year,
01:51:35and said, "In the last quarter
01:51:38or 3 months of this past year,
01:51:41there are movements in funds that are
01:51:45incompatible with normal life, with the real economy, with real
01:51:49life." Movements that
01:51:53cannot be reconciled with reality.
01:51:56That is, things are being done in funds
01:52:00or funds are being raised
01:52:03so much that their prices are exaggerated
01:52:07to an extent that it's not possible in real life.
01:52:10So, the Financial Stability Committee, Mr. Mehmet Şimşek
01:52:13himself stated two days ago, I think,
01:52:16that they made decisions, saying that they need to pursue
01:52:20this issue, there are indeed such things in some funds. "You say this
01:52:23in December, why do you wait until August?
01:52:27Now, the question Professor Yalçın asked earlier,
01:52:31this is the crucial question. You can
01:52:34prepare it in a day, what needs to be done is clear,
01:52:38and you would quickly pursue the matter, wouldn't you? No,
01:52:41it's not pursued, they wait for 8 months.
01:52:44An interesting thing happens in June, look, a topic that no one
01:52:48has touched upon or that we've missed. Morgan Stanley publishes a report.
01:52:53And in the report, it says that there are very
01:52:56serious irregularities in some funds in Turkey.
01:53:00There are inconsistencies. Hmm.
01:53:03With this report from Morgan Stanley, the importance of this
01:53:07report is this: even though we say foreigners
01:53:11have left the stock market and various investment
01:53:14opportunities in Turkey, there's still a significant
01:53:17foreign presence, a certain amount remains.
01:53:21Morgan Stanley's assessment
01:53:25is very important in this regard, and it is also important
01:53:28for future hot money issues. So, when Morgan
01:53:32Stanley publishes such a report,
01:53:34funds that want to come in from outside for carry
01:53:37trade will somehow realize that
01:53:41there is such a situation in Turkey and will say,
01:53:45"Let's wait a bit." Subsequently,
01:53:48restrictive regulations and measures
01:53:51are prepared in August. Now, I have this question
01:53:54in my mind: If this Morgan Stanley
01:53:58report hadn't been released
01:54:01in June, would these regulations
01:54:04have come to the agenda in August, leading
01:54:07to the chain of events that has now erupted
01:54:10by September? This is the question in my mind.
01:54:14We can know, we can estimate the answer to why they waited.
01:54:18People who have invested serious amounts of money
01:54:21in the management and other aspects of these
01:54:23funds, either as founding partners or in some way
01:54:27on their own behalf or on behalf of others,
01:54:30have withdrawn during this period. They invested
01:54:35and then withdrew. They sold at the highest
01:54:38points or left, and
01:54:41they realized their profits and left. They equalized
01:54:45their profits. What's left
01:54:49is the 537,000 or
01:54:51around 550,000 ordinary citizens,
01:54:55those who invested 10,000 liras or similar
01:54:58small amounts, as Professor
01:55:01Yalçın said. Now, at this point...
01:55:05Mr. Mehmet Şimşek says that this is limited
01:55:09to only 7 funds, excuse me,
01:55:12to 7 portfolio management companies.
01:55:15He says there are 131 funds. The company
01:55:19says 131 funds. Now, looking at these
01:55:22131 funds among the over 2000
01:55:25funds in Turkey, when you listen to the discussion,
01:55:28you say, "Well, there are over 2000 funds,
01:55:31and 130 is fine,"
01:55:35but still, it's a small number, so you might think
01:55:38it's tolerable in relation to the issue. Mr. Mehmet Şimşek
01:55:42doesn't say this, though: How much of the money that these people
01:55:46manipulated and that is now estimated
01:55:50to be around 20 billion dollars was invested
01:55:53in these funds? What percentage?
01:55:56These 7 companies,
01:55:59that's right, he should say that first.
01:56:03So, there are trillions
01:56:05of dollars in funds in Turkey, and 1 trillion
01:56:08of it somehow goes bankrupt?
01:56:12Is that it? For example,
01:56:14we need to answer this question. I also want
01:56:18to remind you of one point: when we were in politics,
01:56:21it would often come up, and it still does.
01:56:24When you talk somewhere and say, "The stock market
01:56:28is like this, the economy has collapsed like this,
01:56:31financial things have happened like this," the bank
01:56:35crisis of the 90s, or rather, bank crises,
01:56:39are always brought up by the AKP
01:56:42and its spokespeople. That's why I wondered
01:56:45during those periods, how much Turkey actually
01:56:49suffered losses, damages. Well,
01:56:52approximately 45 billion dollars is mentioned,
01:56:55but 17 billion dollars of this belongs
01:56:58to private banks, and the rest to public banks,
01:57:02that is, Halkbank, there was Emlak Bank at that time,
01:57:06Ziraat Bank, and at that time, the Treasury
01:57:09and the political will said to the Treasury,
01:57:12"Brother, give them treasury papers,
01:57:16around 22 billion dollars, give it to those three public
01:57:19banks, and to the private banks that were closed
01:57:23and transferred to management, give them 17 billion
01:57:27dollars worth of papers." So, there's no net
01:57:31money loss, as is the case now.
01:57:35"Give treasury papers and accrue interest.
01:57:39Therefore, this continued for years like this,
01:57:43and now think about it, so many banks, about 20
01:57:46banks at that time, collapsed or were seized,
01:57:5017 billion dollars. Now,
01:57:52here, you have 7 portfolio
01:57:56companies and a loss of 20 billion
01:57:59dollars, and this loss
01:58:02will probably not be realized
01:58:05to a large extent. When the assets of the seized
01:58:08funds are sold, when the things they hold are sold,
01:58:12it's not possible to sell them at their value.
01:58:15In the end, the rest will be paid from the treasury or from
01:58:19our citizens' pockets. So, no matter
01:58:22which way you look at it, it is truly
01:58:25such that in the past, a minister
01:58:29came out, remember, and said,
01:58:32"Enter the stock market." "You need to enter
01:58:36the stock market, both for the spread of capital
01:58:39to the base, and for the country's economy
01:58:43to develop, and so on, you'll make money," a minister
01:58:46had stated. Before a year had passed
01:58:49since these statements, the stock market suddenly
01:58:52crashed. I don't remember the exact figures, but it was like
01:58:56a 'shaking out the lambs' as the common people say,
01:58:59where the money of the poor citizens was somehow
01:59:03squandered. We see this largely
01:59:05in this fund issue. I hope and expect
01:59:09that the remaining funds, the remaining funds,
01:59:13are truly operated in accordance
01:59:16with rules, laws, and
01:59:20our beliefs. I have serious
01:59:23reservations about this,
01:59:26because on December 2nd, the minister himself
01:59:30stated that certain things were done
01:59:32in some funds...
01:59:36He said manipulation, didn't he? We were informed that manipulation
01:59:40was carried out, but you didn't seize
01:59:43any of them, brother, you didn't do anything to any of them.
01:59:47You waited 8 months, and they waited for them to increase
01:59:50what they were doing even more and to leave
01:59:53from there. I'm still asking that question, you know, why was
01:59:57a certain mechanism put into place to protect
02:00:01and shield the resources of certain circles,
02:00:04certain individuals, and certain groups,
02:00:07and to realize their wealth transfer? So, to a large
02:00:10extent, Gökmen Bey, these stock market
02:00:13issues, these fund issues, financial markets,
02:00:16have meaning in economies
02:00:19where there is stability and solid economies.
02:00:22The public, that is, the viewers,
02:00:26should keep this in mind.
02:00:29If there's a crisis atmosphere in an economy for 3 or 4 years,
02:00:33and a policy aimed at a crisis is being pursued,
02:00:37that is, if the purpose of that policy, especially,
02:00:40is a financial stability policy, it means
02:00:44we have a problem with financial stability."
02:01:19the commission met, made a statement,
02:01:22raised its questions, and
02:01:25the New Party is also pursuing this fund scandal,
02:01:29but it argues that the issue should be addressed
02:01:33much more broadly, not just within the scope
02:01:36of the arrests and questions, as we understand it from the first segment
02:01:40we read. How is the New Party pursuing this,
02:01:44how does Kayhan Pala see this?
02:01:47First of all, good evening, I salute your guests.
02:01:51Mr. Gökmen, besides these technical details,
02:01:54there's something we need to talk about. Actually, this picture
02:01:58is a new frame of the AKP's inability
02:02:01to govern Turkey well. There's no transparency,
02:02:05and there's no accountability. That's why the New Party's
02:02:08Economic Council, when looking at this process, not just
02:02:12one photo, I don't want to repeat what has been said, there were very
02:02:16comprehensive discussions. Within these discussions,
02:02:19it's understood that this process is not limited to this event,
02:02:23as Professor Yalçın clearly stated, a deliberate resource
02:02:27transfer mechanism was put into action.
02:02:30This is the stock market
02:02:33How long this resource transfer has been happening,
02:02:37how it happened, and to whom it was transferred,
02:02:40should be investigated comprehensively. Moreover, as our guests
02:02:44have emphasized several times, it was known long before.
02:02:47In fact, you know, a minister
02:02:51who swore to the Queen stated last November
02:02:54in Turkey regarding this issue that
02:02:58"we are aware of this, there is a serious problem here."
02:03:02We're talking about a structure that has been tolerated for 10 months and therefore
02:03:05used as a tool for capital transfer and resource allocation.
02:03:08That's why the new party,
02:03:11in order to learn in detail who is involved in this structure and to what extent,
02:03:14as well as how resources were transferred and where these resources
02:03:18are, will attempt
02:03:22to verify some data until parliament opens.
02:03:25As you know, our Secretary General made very comprehensive statements on this issue in the first
02:03:29part, and will also bring this issue up comprehensively
02:03:32in parliament after it opens.
02:03:36a few more details that haven't been talked about so far.
02:03:40For example, what is the relevance of a rector
02:03:44in a resource transfer of over 20 billion dollars? How do we reconcile
02:03:47such an event with a rector? The concept of rectorship,
02:03:51higher education, this is something that needs to be discussed
02:03:55where it stands in this matter.
02:03:58Also, it's been said several times, but for example,
02:04:02an income of 5 billion dollars is being attempted
02:04:05to be obtained from the privatization of a bridge, or
02:04:08as we have frequently stated, you will remember,
02:04:11by two presidential decrees, 125 health facilities,
02:04:15some of which are actively
02:04:17used as hospitals and family health centers, are being put up for sale,
02:04:21and the income to be obtained from the sale is perhaps
02:04:25not even 2 billion dollars. It is necessary to comprehensively
02:04:28examine to which units, individuals or
02:04:31institutions, to which structures
02:04:34a resource 10 times that amount was transferred in a short time.
02:04:38And besides examining, Gökmen Bey, all of us here should perhaps
02:04:42go further and demand accountability. We should not complain
02:04:46about a lack of transparency and accountability, but rather
02:04:49discuss in detail how we will demand this accountability
02:04:53and definitely demand it. And perhaps this demand for accountability
02:04:56should turn into a comprehensive form of accountability
02:05:00that includes every citizen, not limited to parliament.
02:05:04How do you assess the situation regarding the lack of any resignations
02:05:07as of now? Would you have expected a resignation?
02:05:10One or more resignations? If we weren't in the AKP era,
02:05:14I would certainly expect it, because in the past
02:05:18in Turkey, all our guests here are old enough
02:05:21to remember resignations even when much smaller incidents occurred.
02:05:25We all lived through that. But in the AKP era...
02:05:29As you know, there is no such mechanism as resignation. So, the absence
02:05:33of this mechanism alone is not
02:05:35a situation that can be explained solely by the presidential
02:05:39system of government. If you recall,
02:05:42as Mr. Ahat also mentioned earlier, many very problematic
02:05:45scandalous events occurred in Turkey, but in the face of these,
02:05:49no one had any intention of resigning. So, let me say, since it's from my field,
02:05:53in the incident known as the newborn scandal,
02:05:56did you hear of any of the officials
02:06:00named resigning, Mr. Gökmen, even though there was evidence?
02:06:03I don't find the lack of a resignation here surprising
02:06:07from the perspective of the AKP government, but I find it shameful
02:06:11from the perspective of citizens and politicians. Let me emphasize that.
02:06:14Okay, Mr. Fikret. We mostly directed our questions
02:06:18in the first segment. Now, I'd like to ask for your comments
02:06:20on whether those names will be revealed,
02:06:23that is, all this...
02:06:26After Mehmet Şimşek announced that this was a manipulation,
02:06:30the fact that so much time has passed,
02:06:33the fact that during this time more stringent
02:06:36measures were not rapidly implemented, that the situation was not intervened
02:06:40in, suggests the possibility
02:06:43that some people may have made large transactions
02:06:46during this period. Who are these people?
02:06:50Will these people be revealed or not? Of course, it is very
02:06:53highly probable, Gökmen, that there was
02:06:56an organized fraud.
02:07:00This is very clear when looked at from the outside. This, of course,
02:07:04cannot be done without protection. Especially,
02:07:08it must be that the institutions with auditing authority
02:07:10in this area neglected their duties or were prevented
02:07:13from fulfilling their duties, which is why
02:07:17this process occurred. I want to briefly read two articles:
02:07:20The duties of the Capital Markets Board Inspection
02:07:24Department Presidency: a) To carry out
02:07:27auditing activities for concealed profit transfers
02:07:30and transactions of publicly traded
02:07:34companies and collective investment institutions
02:07:37and their affiliates that violate the prohibition
02:07:40of concealed profit transfers; b) To audit acts
02:07:43of abuse of assets delivered to investment
02:07:46institutions, fund boards, and collateral
02:07:49officers due to capital market activities.
02:07:52This is exactly our topic: to carry out
02:07:55auditing activities for irregularities in legal
02:07:59books, accounting, and financial
02:08:02statements and reports. So now,
02:08:05a very clear duty has been given to the CMB.
02:08:09This auditing duty. Has this auditing duty
02:08:12been fulfilled? If it had been, we wouldn't
02:08:15be facing this outcome. So, has the CMB neglected
02:08:18this duty? We don't know that.
02:08:21Has the CMB tried to fulfill this duty
02:08:24but been prevented from above? We don't know that either.
02:08:27Who profited from this organized fraud business?
02:08:30Are there people with authority among those who profited?
02:08:33Are there politicians? These questions need to be clarified.
02:08:37Therefore, I don't see any problem
02:08:40with revealing the names of those who were involved
02:08:44in this fraud and gained financial benefits from it.
02:08:47In fact, I believe they must be revealed,
02:08:51and the public should know who's who. Ersin Eroğlu,
02:08:54now, here, at the same time,
02:08:58there's something important in Altunç Kumova's statement, as you said.
02:09:02Altunç Kumova, the boss of Destek Holding, openly says
02:09:05that if there was a problem, "let's do this," he says.
02:09:08Ersin Eroğlu, friends, let's bring up that visual,
02:09:11because we're going to commercial soon, right? Ersin Eroğlu, let's take his speech
02:09:15after the commercial so the flow isn't interrupted. But in the meantime,
02:09:19let's remind our viewers of Kumova's
02:09:22answer to the question asked, and then go to commercial.
02:09:26He is asked, "You started
02:09:30this journey from TL," he says, "that is,
02:09:34a market value of 15 billion over the 46 TL price.
02:09:37How did this company reach 1 trillion
02:09:41300 billion TL? Isn't there an anomaly in this?"
02:09:44he says. Of course,
02:09:48where is 15 billion, and where is 1.3 trillion?
02:09:52And he says, "Yes, it is an abnormal figure,
02:09:55but I was the company owner, I didn't know what to do."
02:09:58"What do I know,
02:10:00what do I know?" he says. "But I always had this thought:
02:10:04since it's something supervised by the CMB, if there was an anomaly,
02:10:08I would probably know." The man says,
02:10:11"15 billion increased to 1.3 billion, what do I know, I was the company owner,
02:10:14I don't know" and so on and so forth. After the break.
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02:11:32It is clearly continuing. Ersin Eroğlu,
02:11:34it was his turn. I reminded
02:11:37my viewers once again of Kumova's answer to the question asked.
02:11:41It's still there behind the scenes. Ersin Eroğlu, you started
02:11:44your comment by drawing attention to this. Why?
02:11:48Yes, Altunç Kumova is the chairman
02:11:51of the board of directors of Destek Investment Bank.
02:11:54He says, "I noticed an increase, but I thought the CMB would intervene if there was a problem."
02:11:58Of course, we cannot read intentions here, but it needs to be underlined
02:12:01that since he is an experienced person in these matters,
02:12:05he must know that there was a problem.
02:12:08And his statement was taken comprehensively.
02:12:11But the part about the CMB intervening
02:12:14is important. In my opinion,
02:12:17this should also turn into a criminal complaint.
02:12:21I'm saying this against the CMB. Because why?
02:12:25Now, today there are arrests today.
02:12:28Who was arrested? Emre Tezmen,
02:12:31Chairman of the Board of Tera. The Alkin brothers,
02:12:34Professor Emre Alkin. A parenthesis needs to be opened here
02:12:38at the same time. He was appointed as rector by President Erdoğan,
02:12:44wasn't he? Yes, as rector.
02:12:46Rectors are appointed as such, and like all rectors,
02:12:50he is also a rector appointed by President
02:12:53Erdoğan. This may be the first time
02:12:57a rector has been arrested, even if it's a private university, a foundation
02:13:00university. Let me explain.
02:13:03In foundation universities, the board of trustees
02:13:06proposes, and the president approves
02:13:10one of them or the one he proposes. It's the same in state universities.
02:13:23Alper Öztürk is also among those arrested, but let's state this so no one draws the wrong conclusion from this.
02:13:26Ultimately, Emre Alkin
02:13:29was not arrested for a story related to his rectorship.
02:13:33Therefore, yes, this is a striking
02:13:37story, meaning this is the first time
02:13:40a rector appointed by the president
02:13:47or approved by him has been arrested. But the subject of the investigation is not related to him.
02:13:50The subject of the investigation is related to Tera. Both of them, as far as I understand,
02:13:53were arrested because of their relations with Tera, right? Emre Tezmen
02:13:57also has interviews and talks
02:14:01at Haliç University, where Emre Alkin
02:14:04is the rector, with Emre Alkin next to him.
02:14:07And Serdar Turhan, the chairman of the board of directors of Pusula,
02:14:10was arrested today.
02:14:13I wonder about this. I'm not saying Topkapi.
02:14:16Topkapi, Topkapi, I apologize.
02:14:20Yes, I apologize. Topkapi University, I correct that.
02:14:23Here, of course, what's important is that
02:14:26in an investigation conducted by the Istanbul Chief Public Prosecutor's Office, exits before
02:14:30September 17th need to be looked at.
02:14:33Ultimately, one of the reasons for these funds crashing
02:14:37is that there were large sales,
02:14:40and the sales occurred on the 17th.
02:14:42Can I add something? I interrupted a lot, but
02:14:46rumor has it that although we take September 17th as the official
02:14:49date of collapse, there is a rumor
02:14:52that before that, certain places
02:14:55were visited in Ankara,
02:14:59and negative answers were received. This could have created
02:15:02an insider trading effect
02:15:06on others. The issue of triggering
02:15:09is already about the acquisition of Pusula.
02:15:12That is, the issue of a home, a participation
02:15:16home, its acquisition, or rather its failure to be acquired.
02:15:19An explanation was made by Emre Tezmen, and Muhammet Yarız
02:15:22was already arrested last week.
02:15:26It is said that this, the failure of this matter to be finalized,
02:15:30the lack of approval from Ankara, but despite that, the announcement,
02:15:33triggered this event. However,
02:15:37as a result of the investigation conducted by the Istanbul Chief Public Prosecutor's Office,
02:15:40I expect the following to emerge:
02:15:42who made sales
02:15:46I'm giving examples of dates. So, let's say September 10th to 17th,
02:15:50or September 5th to 17th. How many sales were made?
02:15:53This information, professor,
02:15:56is available in what system?
02:15:59It's in Takasbank. Can the Istanbul Chief Public Prosecutor's Office
02:16:02write to them? Of course.
02:16:06Can they tell the Istanbul Chief Public Prosecutor's Office
02:16:09who made withdrawals and in what amount? With an official letter?
02:16:13Of course. These things can happen
02:16:16as a result of this investigation. Let's see where this investigation will go,
02:16:20and whether letters will be written to these places,
02:16:24because the investigation is also about the people
02:16:27who made these requests. If there was speculation,
02:16:31how did that speculation happen? Who carried it out,
02:16:34and how much money are we talking about? Because,
02:16:38actually, the biggest question in the public eye
02:16:42will be answered this way.
02:16:44How did this company, which is one of Turkey's most established
02:16:47companies, acquire such a large
02:16:50volume? How did this
02:16:53fund grow so much?
02:16:56How could it make 300, 500,
02:17:001000 times profit?
02:17:03How could the fund owners profit?
02:17:06And the most important question, perhaps it will be answered then:
02:17:09Who protected whom?
02:17:13Who made a killing from this, in quotation marks?
02:17:16I think, as a result of this investigation,
02:17:19I hope and I wish
02:17:23that these questions will be answered.
02:17:25Will they be answered? Very easily, professor,
02:17:28the prosecutor's office can easily access
02:17:32the data in those relevant places with a letter.
02:17:36Of course, I also see a danger, and it needs to be emphasized
02:17:38that there is a situation here
02:17:42where those who should have done their duty did not,
02:17:46and there are no resignations from those places, and this is not the first time
02:17:49this has happened in Turkey. I'm sure
02:17:52today, many people
02:17:55who invested money in Tera, who are small investors
02:17:58and are waiting for their money to multiply, waiting for their savings to increase in value,
02:18:02their grandfathers also experienced
02:18:05such a grievance in this country, didn't they? What was there back then?
02:18:08Again, there was Hastelli
02:18:10and so on.
02:18:12Yes, there was. His brother experienced it, his father experienced it.
02:18:16Something called Çiftlik Bank came out, right?
02:18:19Or Todex, something called Todex came out,
02:18:22it was an intermediary institution, a crypto scam.
02:18:25Now, will a person who invests money here, his grandfather,
02:18:28father, brother, experience grievance himself?
02:18:32What is the main reason for him to experience it?
02:18:35Because Todex was clearly not audited.
02:18:38Çiftlik Bank was clearly not audited.
02:18:42The authorities of that Hastelli
02:18:46scam, we can actually say that this audit was not effectively carried out,
02:18:50Ersin Eroğlu, because when such allegations came to the agenda,
02:18:53the relevant public authorities made some press.
02:19:26If it is prevented in some way, then tomorrow, Turkey will talk about
02:19:29other scandals, and other hundreds of thousands will be victimized,
02:19:33he says, and that's already happening. Now,
02:19:37my minister said that Mr. Mehmet Şimşek
02:19:40said that there are over 2000 funds,
02:19:44and there's a problem with 130 funds. The fund we closed
02:19:47is 130. When we look at it, the rate
02:19:50seems small, right? It seems like a 4-5% rate.
02:19:53But we should also have the data for
02:19:57what percentage of the money in the funds
02:20:01this 5% represented. That is, if there's,
02:20:04for example, 2 trillion in the funds,
02:20:08and 50% of it is here,
02:20:11because there's nearly 1 trillion here, we can't look at the issue from Mehmet Şimşek's
02:20:15perspective either. Then it's not 5%,
02:20:18meaning even if it's 5% of the funds,
02:20:21it's 50% of the money in the system. Your perspective is probably more
02:20:25accurate; otherwise, why would it grow so much? But if you allow me
02:20:28a little more, I apologize for interrupting you, but
02:20:32it's exactly what you said, linking it.
02:20:35Ersin?
02:20:38Of course, yes. Professor Yalçın, please, I'll give you the floor,
02:20:41it's your turn, but let me give some more information about TR
02:20:44and then please continue. Friends, visual number 9,
02:20:48there was an interesting aspect of Tera, as we understand
02:20:52from what was told. That is, there seems to be
02:20:55a structure that people are afraid to talk about.
02:20:58There's some information that gives rise to this suspicion.
02:21:02Now, Uğur Yılmaz wrote today that since we realized
02:21:06that the situation in the funds in Turkey
02:21:13was waiting to explode like a ticking bomb, we must have talked about this with countless fund managers, analysts, and economists. For months, no one agreed to speak on the record about this,
02:21:16everyone was afraid of being sued by Terra
02:21:20and the wrath of the fund's followers who sprung up on social media.
02:21:23In recent months, we also met with many people from Tera.
02:21:27When we asked Emre Tezmen, whom we spoke to in March,
02:21:30how this system came about, he said, "I founded it,
02:21:33I am its architect." He said that the system he established
02:21:36brought profit to himself, to investors, and to the state through taxes,
02:21:40and that there was no problem here. When we asked him if he was afraid
02:21:44that this would end badly, based on the valuation of Destek Finans,
02:21:47he said, "It's a company I absolutely believe in, but I won't comment on the prices."
02:21:51The Tera team often held meetings in London, where they met with major investment banks and foreign
02:21:54investors. They used to say that Tera would one day
02:21:58become a major investment bank. But, in the words of the Minister of Justice,
02:22:02every high-priced Ponzi-like scheme
02:22:05that does not support the price foundation.
02:22:16Did it have a privileged position? We don't understand. So, such suspicions arise. Go ahead, professor, I would like to contribute
02:22:19at the point where I interrupted you earlier.
02:22:23Now, speaking in terms of macro figures, I have been horrified
02:22:25since I watched Mehmet Şimşek's statements on NTV.
02:22:29It's not something to be taken very seriously, there are over 200 funds,
02:22:32and 130 of them are gone. If you explain it as around 6%,
02:22:36there are people who have lost all their savings.
02:22:41What will you say to them? Will you say that this is not a lot of money
02:22:45even on Turkey's scale? Are they just statistics?
02:22:48Exactly.
02:22:50We must reject
02:22:53the political understanding that disregards the human
02:22:57stories involved in this. Look, I remember very well
02:23:01when the first Gulf War broke out
02:23:04and America intervened in Iraq, the father, who was president at the time,
02:23:08and I was living there, made a statement.
02:23:11He said, "We won this war at a very low cost,
02:23:15only a few American soldiers died," and so on.
02:23:19I remember very clearly the statement of one of the mothers of the dead American
02:23:22soldiers, "For me, this was the most expensive war in the world," she said. She had lost her child.
02:23:26People whose shoes were worn out, who didn't buy new shoes
02:23:29to save money so they could meet other needs later,
02:23:32these men, women, lost their money.
02:23:36Will we just look at this on a macro scale
02:23:39and act as if nothing happened? Mehmet Şimşek, does he not feel responsible
02:23:43for the situation that the tenant, who was made
02:23:46to believe that there was no risk,
02:23:49and the legislation is also like that,
02:23:52who tried to earn a little more money by the end of the month,
02:23:56will experience with the landlord at the end of the month?
02:23:59Look, Mehmet Şimşek is a professional fund manager.
02:24:03Let's be clear about that. He's a politician,
02:24:06but search on Google what he did
02:24:09when he was not in politics. He worked in England
02:24:12for a simple company, or rather,
02:24:15he was a manager in foreign funds.
02:24:19It was a famous company, I don't remember its name.
02:24:22I think it was Lehman Brothers. He worked there,
02:24:26provided consultancy services after being a minister, and so on.
02:24:29We are talking about a person who should know better than us
02:24:32what a fund is, how it operates, how it invests,
02:24:36because he has actually done those jobs. He already noticed the problem,
02:24:40his mentioning it last November also shows this.
02:24:44But that doesn't absolve him of responsibility, does it?
02:24:47If you know what's happening, the average citizen,
02:24:51who has an account in this fund, who has a small amount of money,
02:24:54look, all systems are aimed at protecting
02:24:57the small saver. In fact,
02:25:00in these funds you displayed on screen, like Tera and so on,
02:25:03there's a definition called "free fund." This "free fund"
02:25:07entered our legislation in 2006.
02:25:10Why a "free fund"? The name wasn't chosen randomly.
02:25:14"Free" - free from what?
02:25:17Free from many things in the legislation, flexible, because there are very serious
02:25:21restrictions in the legislation. If you establish a fund,
02:25:24you cannot invest in that, you cannot invest in this.
02:25:27For example, your share in an asset cannot exceed this,
02:25:31and no more than a certain amount of the fund's total money
02:25:34can be in one asset, and so on. There are many regulations
02:25:37in our country. Now, in 2006,
02:25:40this was relaxed a bit, there are also people who understand these matters,
02:25:44it's not just small savers.
02:25:47There are also those who understand financial transactions,
02:25:50and this regulation is made as a "free fund" so that funds allowing them to operate
02:25:53and giving them room to maneuver can be established.
02:25:55When this regulation was first made,
02:25:59a financial limit was set for those who could operate in these funds:
02:26:021 million lira. I checked yesterday; at the exchange rate
02:26:06of 2006, it was 700,000 dollars. The CMB said
02:26:10that you cannot allow people with less than 700,000 dollars into this system,
02:26:13because they don't know,
02:26:16they might not know. Therefore,
02:26:20the system is always aimed at protecting the small saver.
02:26:23It's like this all over the world. Otherwise, the big ones win or lose,
02:26:27they know the risk, and they bear the consequences. For Mehmet Şimşek to look at this
02:26:31on such a macro scale and say, "There were so many thousands of funds,
02:26:33only 130 of them are gone," is to ignore the human story
02:26:37of this. We must strongly reject this,
02:26:41and stand against it. Someone who can't pay rent,
02:26:44but they made these maybe they were going to buy a car,
02:26:47they were investing their small savings there, and so on. Therefore, trying to gloss
02:26:51over this without taking it seriously is neither politically
02:26:54acceptable nor humanly acceptable.
02:26:58I've been reading the stories of those who lost money
02:27:01here for three days, and it breaks my heart.
02:27:05You can't accuse people of greed and so on.
02:27:07Mehmet Şimşek says there's no systemic
02:27:09situation.
02:27:11This is pretty much
02:27:14a systemic thing. Everyone knows
02:27:17what's going on, like Red Monday. Everyone,
02:27:21look, you showed earlier how these funds' values
02:27:25increased from 15 billion lira to 1.5 trillion lira.
02:27:28Let's talk about this. Imagine a company
02:27:31that has 100 shares. It has 100 shares.
02:27:35Only 30 of these are offered to the public.
02:27:38The remaining 70 are held by the company owner.
02:27:42This fund also bought 25
02:27:45of these 30. it takes it and
02:27:49it stays in the cash register. There are 5 stocks traded,
02:27:52bought and sold, then this fund, with the resources it collected, increases
02:27:56those 5 stocks from 5 liras to 5.00 liras.
02:27:58It increases them.
02:28:015, I am giving numbers as examples, consider them as ratios, it increases from 5
02:28:04liras to 5,000 liras, then it says, what is the market value? One is 5,000 liras,
02:28:08how many do I have? The company owner says I have 70, multiply by 70,
02:28:12my value is this much, the fund says I
02:28:15have 25 of this, multiply it by 5,000, my
02:28:19fund's value. The value became this much. Actually, there is
02:28:22a bubble created by increasing the price of
02:28:263 to 5 stocks, I'm giving 3 to 5 as an example, consider
02:28:29it as a ratio. We are not talking about a real value creation.
02:28:32In limited quantities, is there any responsibility of the SPK
02:28:36here? Of course, there is. Where is it? First of all, it is not limited
02:28:40to these funds, there are problems that we have identified in general.
02:28:43First of all, we need to increase this public offering rate.
02:28:46What does it mean to make three, five, ten... 5
02:28:50publicly open? Whatever you do, the boss of the company
02:28:53will make the main decision, so this is not a public offering. We need to increase
02:28:57the public offering rates. You must ensure that all the money
02:29:00from the public offering of a company you offer to the public
02:29:04is put into the company. I follow public offerings,
02:29:07I have written dozens of articles. It's in my column in a newspaper one day.
02:29:11The man sells his own shares and steps aside. What is its name?
02:29:14Public offering. Then you look, there is nothing in the company.
02:29:17We need to keep public operations under strict
02:29:21supervision. We need to make regulations regarding public offering rates.
02:29:24The amount bought and sold in the free float market
02:29:28is what's in the latest regulation. These funds, they brought
02:29:32restrictions on how much free float they can acquire and such,
02:29:35regulations after the fact. Look,
02:29:39there is political responsibility here, let's call it
02:29:42clearly. There is political responsibility and what
02:29:45Uğur Yılmaz wrote is very true, as a journalist,
02:29:49I asked. He says, I was curious, how can you do these things?
02:29:53Now, a journalist is curious, as a university professor, I am curious,
02:29:56Öner Hoca is curious,
02:30:00the experts on this issue, what is being talked about in the markets
02:30:03has become visible these days, what they said a few months ago,
02:30:07they are talking, but the political institution
02:30:10acts as if it doesn't know about these events, Capital, I apologize, the Capital Markets
02:30:14Board, with a typical public approach, says we
02:30:18wrote to such and such a place. But everything happens in writing, you know, when
02:30:22they say "we wrote," the responsibility ends. Until a reply comes, or even in the past,
02:30:26I remember ministers even make statements saying "we wrote about the issue."
02:30:29It's not about writing, you have to intervene, you have to do something.
02:30:33Political responsibility, first and foremost, I would like to state that
02:30:37there is political responsibility. Politicians can very
02:30:41easily prevent these things from happening. Secondly, there are institutional
02:30:44responsibilities. Since it's an investment bank, one of them is an investment bank, the BDDK's responsibility,
02:30:48non-participation, etc., those places should look into it. Since it's a capital market
02:30:52transaction, the transactions made on the stock exchange or fund transactions
02:30:55should directly be within the Capital Markets Board's scope of responsibility.
02:30:59It should have been within these areas of responsibility.
02:31:03even if desired, things were done and we unfortunately
02:31:06see a result that has caused hundreds of thousands
02:31:09of citizens to be victimized. Let me tell you this,
02:31:13the liquidation process started yesterday. The regulation
02:31:16on this was announced.
02:31:19Yes, the method was announced.
02:31:22This liquidation process should not be limited
02:31:26to the values of the assets existing in the fund. I am explicitly stating
02:31:30that it is not limited to the fund managers,
02:31:32or those on the board of directors, or those who made
02:31:36a lot of money from this fund in the past. I repeat,
02:31:39it is not limited to just the fund managers
02:31:42or those on the fund's board of directors. We need to look
02:31:46at all past transactions and those who multiplied
02:31:49their money by 5x, 10x, 20x, 50x in this market jargon,
02:31:52those who turned their money into 10, 50, 100 times, whoever they are,
02:31:56all their records are in the system. They should be called
02:31:59and told, "brother," and a bill should be issued to them.
02:32:03This is not something that happens by accident. You cannot look at a citizen
02:32:07who entered this system with 10,000 liras (meaning, who bought shares from these funds)
02:32:10and say, "You tried to manipulate this and benefit
02:32:14from it." Who do you look at?
02:32:17You need to look at
02:32:19those who took big slices from the big pie.
02:32:23These damages should not be recovered only by liquidating the fund's
02:32:27existing assets and distributing the values that emerge
02:32:30from that. In the past...
02:32:32"The accountability for this must be sought from
02:32:35all those who made huge money from this system, not only
02:32:39in a criminal sense, but financially
02:32:42as well."
02:32:44There are examples of this in the world. This
02:32:48is the Madoff story in America, you know. They look back in time.
02:32:52It's a pyramid scheme. Whoever made a lot of money,
02:32:55they tell them, "You made a lot of money from this at the time, now give some of it back
02:32:59to compensate the victims' losses." Therefore, if we
02:33:03don't do this, let's say
02:33:06you got arrested, spent a year in jail, and earned a billion dollars. Now,
02:33:10let's ask on screen, how many people would want to spend
02:33:13a year in jail for a billion dollars? I guess half of the country's population
02:33:16would raise their hands, professor. A very short time.
02:33:19Sir, it's even lower. What I mean to say is,
02:33:23we shouldn't get into matters like "we kept them for 3 months, then released them,
02:33:26and the capital market law doesn't allow for longer prison sentences."
02:33:30We shouldn't go into these things. Financially,
02:33:33directly. I repeat,
02:33:36I'm talking about those who made big money.
02:33:40Yes, all their records are, as you asked earlier,
02:33:43in Takasbank, at the Central
02:33:46Registry Agency. So they are officially
02:33:50everywhere. We need to apply the American system.
02:33:53Apparently, when you don't create a financial cost, things
02:33:57like 3 months in prison, 5 months of prohibition, 6 months of being unable to trade on the stock market
02:34:00don't work. Exactly, professor, who is negligent
02:34:04or who failed to do their job, I want to make this issue a bit more concrete.
02:34:08Actually, a fund
02:34:11is a stock basket, isn't it? We know
02:34:15that correctly. Let me
02:34:18say, if you allow, it's not just a stock.
02:34:21A fund means that investment funds are very
02:34:25popular instruments, and they exist all over the world. There are also
02:34:28regulations concerning them. If you look at their essence, you'll see this:
02:34:32The rule-maker, the regulator, says that small
02:34:36savers, those with 10,000 liras, 100,000 liras, 50,000
02:34:39liras, whatever, they might find it difficult to do these things
02:34:42on their own, they might not have time, they might not understand the system, etc.
02:34:46Let's collect these into a common pool. That's what a fund
02:34:50is. And let there be professionals at the helm,
02:34:53meaning people whose job it is to buy and sell, who follow the markets,
02:34:57the economy, the world, etc. This large amount created
02:35:00by collected small
02:35:03monies should be managed, money should be earned, and this should
02:35:06be distributed. Actually, when we look at the essence of this investment fund,
02:35:09the system is not a bad system.
02:35:13Yes, in our country, again, I apologize, because I find
02:35:16it valuable for this issue to be understood, in the past,
02:35:19investment funds were in two groups, there were A-type
02:35:23and B-type investment funds. Everyone knew them. A-type
02:35:26included stocks, but even there, stocks would not be 100%.
02:35:30There would also be
02:35:32government bonds and such. B-type only consisted of government
02:35:36bonds, bills, and similar debt instruments.
02:35:39I estimate that a large majority of
02:35:43our viewers watching on screen have, in the past,
02:35:46held their money not in deposits but in these funds, like liquid
02:35:49funds, etc. You can buy and sell 24 hours a day,
02:35:53and you can get whatever the 3-day return is.
02:35:57However, over time, now,
02:36:00instruments have diversified, fund definitions have become very different,
02:36:04and the things funds can do have become strange.
02:36:08What they are doing is not legal, let me also say that. There are serious
02:36:11problems with lending stocks into liquid funds, etc.
02:36:15But essentially, normally,
02:36:18when you look at it, a fund is not a bad thing. Okay,
02:36:22it's not bad, but I want to ask this:
02:36:25now, big banks also have funds, don't they? Banks like
02:36:29Tera also have funds. I won't name the banks.
02:36:32However, they provide an increase a little
02:36:35more than the inflation rate. Here, it goes
02:36:38from 1 to 1000. So there must be something
02:36:42rising in this basket, which is why it's going 1 to 1000.
02:36:45Those rising things, as far as I understand, are stocks going up.
02:36:49Isn't there speculation here? Isn't there manipulation?
02:36:53I just tried to explain how the SPK didn't notice
02:36:56these stocks and how their value increased.
02:36:59Yes, the public offering rate is 30%, but
02:37:0325% of it is already in the fund's vault.
02:37:06In the end, you're doing this by manipulating
02:37:09the prices of the remaining five as if you bought them from the market.
02:37:12Yes, you say, "I have this many shares, the price is
02:37:165.0, multiply by my fund's value," etc. Yes,
02:37:20saying, "Brother, you believe the pot
02:37:23gave birth, why don't you believe it died?"
02:37:26and dragging the issue to a point where
02:37:30small investors are criticized
02:37:32is not very fair, because that small
02:37:36investor is an unprotected person. They don't know,
02:37:39they don't do anything. There are institutions that should protect them, there are
02:37:43regulations. To what extent can they functionally
02:37:46fulfill this? Professor Öner also draws attention to this. But
02:37:50there's also something called MKK, brother. MKK,
02:37:53this structure has become popular recently,
02:37:56the Central Registry Agency,
02:37:59which ensures the safe storage and registration of capital
02:38:02market instruments in Turkey in an electronic environment.
02:38:05Is this institution part of SPK?
02:38:09The MKK has its own legal personality, but it is within the capital market.
02:38:11We talked earlier
02:38:15that Emre Tezman is the owner of Tera Investments.
02:38:17This man has been on the board
02:38:21of this MKK since August 3, 2023. Brother,
02:38:25it's perfectly normal. Is that what you're saying?
02:38:28At that time, he was probably the most successful
02:38:32businessman on the stock exchange. Probably, this reward
02:38:35was given based on his success.
02:38:38Can it be done now? Now,
02:38:41I'm saying this as a joke,
02:38:45but given that this person
02:38:48was allowed to conduct business
02:38:50and bring these matters
02:38:54to this level, which is a bigger
02:38:58event, his being at the head of
02:39:01the MKK or on its board seems perfectly
02:39:04normal to me. But I said
02:39:08this issue at the very beginning.
02:39:11I don't want to focus on the personal
02:39:15aspect of the event, those individuals
02:39:18have a special role today,
02:39:21but we have problems with the system. Look,
02:39:25this is not just about interfering with the SPK chairman
02:39:28or anyone else, or holding them responsible
02:39:31for this. Why couldn't they do their job? For example,
02:39:35the professor said the SPK chairman made a statement saying, "I wrote
02:39:38it." The SPK is not an institution that writes
02:39:42letters. When it sees this
02:39:45issue, it has measures it can take,
02:39:48right? It closes its operations. Why wasn't
02:39:52it done before? Right? Instead
02:39:55of writing, the legislator gave it certain powers,
02:39:59but they didn't use any of those powers.
02:40:02So they can't use them. The bureaucrat can't use them.
02:40:05Please, we are speaking very indirectly, or maybe we are speaking
02:40:09in veiled terms, but please do not overlook the current
02:40:12situation in Turkey. If there is a forest
02:40:15fire in the country, the Minister of Forests intervenes with the approval
02:40:19of our President. If there is an earthquake,
02:40:23they intervene with the approval of our President.
02:40:26Or look, they did not intervene in these funds with the
02:40:30approval of our President. This is interesting,
02:40:33because all bureaucrats, when using
02:40:35the powers given to them by a law, always start
02:40:39with this phrase, like a blessing.
02:40:42Now, let's put this aside.
02:40:46These are our problems with economic institutions. It's
02:40:49not just the SPK here. The Istanbul Stock Exchange,
02:40:52isn't it? It took shares and did what
02:40:55it wanted. Three to five people buy and sell
02:40:58five shares among themselves. They buy and sell, inflate them.
02:41:02It sees this and allows it. Whereas, when it
02:41:05sees this manipulation, these friends have the authority
02:41:09to intervene. The SPK sees it. Another problem
02:41:12is that this system needs a constant influx
02:41:16of resources to maintain continuity. Did undeclared
02:41:19money enter this system from outside
02:41:22the system? That's why
02:41:25those 14 people you mentioned, or whoever
02:41:29made money, whoever attempted to launder money
02:41:32or laundered it, right? Because
02:41:36there are also some allegations in that direction.
02:41:40It is said that these portfolios
02:41:43were used as a money laundering system.
02:41:46Or some of
02:41:49these companies
02:41:51have savings funds, for housing, cars, etc.
02:41:55It is not possible to provide
02:42:04money and support to such portfolios
02:42:08according to the law and the latest regulations.
02:42:11Was such a thing done? Another thing is repo
02:42:15transactions. Where does this person do
02:42:18repo? Right? He gives his own shares,
02:42:22this defective good we mentioned. Someone
02:42:25accepts that defective good as collateral.
02:42:29Who are the institutions or organizations that
02:42:32accept it as collateral? Don't they have any responsibility? How
02:42:35can this be? You, me, everyone knows
02:42:39one thing: there is manipulation. Everyone
02:42:42knows. But people accept
02:42:45these manipulated values
02:42:48as collateral. And no one comes out and says, "Brother,
02:42:52when I sell this, if you couldn't provide the collateral, if you couldn't pay the money,
02:42:56I can't sell it at this value." "Mr. Mehmet issues a circular,
02:42:59if this falls,
02:43:01I can only get 15% of the money
02:43:05I gave from here. There is no one who says this.
02:43:08They have done this and ensured the sustainability
02:43:12of the system with these. Therefore, this
02:43:15is not just one problem, and it's not something
02:43:19that can be blamed on a single person
02:43:22or institution. There's a serious systemic problem here. The system
02:43:25hasn't worked."
02:43:28"We have another institutional flaw. We had
02:43:32a banking law, after the 2001
02:43:35crisis, if I remember correctly, it was
02:43:39enacted. It is quite strict, because we experienced a banking
02:43:42crisis, and because banks are reputable
02:43:45financial institutions in our banking
02:43:49law, because they are built on reputation, they are under
02:43:52serious protection. And I cannot target
02:43:56banks here or make any news
02:43:59or statements about them. In your programs, you say
02:44:03that this bank is not a recommendation,
02:44:07it's not an investment recommendation, etc.
02:44:10There is such a sensitivity.
02:44:13For example, when news about this institution, this
02:44:16gentleman, and his institution is made,
02:44:19this friend can go to courts
02:44:22and, citing this law, say that his reputation
02:44:25is being damaged. "Look, I'm talking about
02:44:28the problem in the implementation of the law,
02:44:32and people can be unjustly thrown
02:44:34in jail, sentenced. They might have been
02:44:38acquitted later, but you can hold people
02:44:41with travel bans and house
02:44:44arrest. This is a punishment. Therefore,
02:44:48these people's systematic
02:44:51organizational behavior has such a side effect. Therefore,
02:44:54we need to go after them. Another thing:
02:44:58I think the most important issue, I always want to address
02:45:02the issue through the system. If there is no press freedom
02:45:05in a country, if the press cannot do its job,
02:45:08how will citizens be informed about what is being done? How
02:45:12will small investors be informed? The SPK did not do its job,
02:45:16the IMKB did not do its job, the BDDK did not do its job.
02:45:20Am I, as a small saver, as a citizen
02:45:23of the Republic of Turkey, supposed to investigate this?
02:45:27Is it my responsibility? Why does the press
02:45:30exist? Mr. Ersin, why are you
02:45:34here? Right? At the core of
02:45:37these news reports lies such a thing.
02:45:41Therefore, in a place where the press is not free,
02:45:44you also cut the bridge between these shortcomings
02:45:47and the citizens. This is another one of our shortcomings,
02:45:51a systemic shortcoming. That's why, as long as this system
02:45:54doesn't change, as long as you leave
02:45:57this system as it is, believe me,
02:46:01I'm not speculating at all, we've seen it
02:46:04in the past, we have enough experience in Turkey
02:46:07regarding these issues, new crises will happen
02:46:11in Turkey. If you
02:46:14distort information, if you
02:46:16hinder the flow of information between
02:46:20institutions and individuals, then there will be disruptions in the markets,
02:46:24and those disruptions will lead to manipulation.
02:46:27Manipulations then create social
02:46:31financial costs like this. I'm not saying this,
02:46:33our work, theory says this,
02:46:36financial economics says this, economic theory says this.
02:46:48you will recognize them properly, you can get their opinions,
02:46:51you meet their needs, and from what I
02:46:54can see, the legislator in Turkey,
02:46:57regarding these issues, may not be
02:47:01sufficient, but has put in place mechanisms
02:47:04to prevent them. But most importantly, you must ensure
02:47:07press freedom. Look, this friend,
02:47:16also wrote this article, they have written a very good
02:47:19assessment, with our Karakaya.
02:47:21That friend, Kerim
02:47:25Karakaya, was also a colleague working
02:47:29at Bloomberg Turkey. Let me tell you his past
02:47:32because it's related to the topic. Was it 2018 or something
02:47:35when the value of the Turkish lira
02:47:38was expected to increase more than expected?
02:47:42Because he reported that it would increase
02:47:45more, he got into trouble. Then he went to London
02:47:48and tried to continue his journalism activities.
02:47:52Can you imagine? And what he said happened.
02:47:56Is it the group that said the dollar would be 10 lira? Yes,
02:48:00this friend also suffered a punishment like
02:48:03this, with representatives of the government. And now
02:48:06he's doing this in London because here he was
02:48:10left to investigation. Can you imagine what
02:48:13a journalist goes through because of a financial
02:48:17news report? I want to add something
02:48:21about the press side, to the examples you gave. Now, Professor Öner
02:48:24is very right, by press independence, he means they should report on these issues,
02:48:28inform the citizens, etc. But in this process, we saw
02:48:32that the press was actually one of the most
02:48:35important pillars of this system.
02:48:38I mean, maybe it didn't catch our attention then, or
02:48:42it wasn't news in the places I read or followed, but
02:48:45now we see that their successes were written about like a champion's
02:48:48serial. Even in Sabah newspaper, foreign Timothy
02:48:52Action asks today, "Where is Sabah newspaper in all this?"
02:48:56because there are pages and pages of news explaining how successfully this system
02:48:59worked, etc. Through social media accounts, through influential accounts,
02:49:03how successfully and well these worked
02:49:06was explained. Therefore, the press side,
02:49:10your desired independent and truth-revealing
02:49:13structure, rather than
02:49:17that, in this process, some
02:49:19active part of the press (I'm not referring to the entire
02:49:23press) has become an active player in the transfer
02:49:26of income from these funds. Therefore,
02:49:29we have been talking about the SPK, Borsa İstanbul,
02:49:33etc. until now, but let me state that
02:49:36the press also has a part in this. We can say
02:49:40a part of the press, or a large part of it, and our
02:49:44viewers surely understand what I'm referring to.
02:49:47I will stand up, friends. I will ask for Şamil
02:49:51Tayyar. I think Professor
02:49:54Öner is saying his tweet where he blamed the CHP.
02:49:58I'll check it. Professor, he says, if institutions
02:50:01are not functional, these things happen to us.
02:50:04This is something I emphasize a lot in my lectures: when
02:50:07you invalidate the critical function of the public
02:50:11sphere, then social reform will not happen, and then
02:50:14the impact of journalism will not emerge sufficiently.
02:50:17Now, this gentleman,
02:50:20I couldn't quite figure out this publication.
02:50:23"A leader shaping the future of finance,"
02:50:26Emre Tezmen looks very cool here.
02:50:29He posed like this. He's currently
02:50:33under arrest, being questioned. When I see this pose,
02:50:36I get scared. Why?
02:50:41He might go bankrupt in the future. Yes, there is a potential
02:50:44for bankruptcy in the future. What potential? Bankruptcy potential.
02:50:47Ah, so when this magazine
02:50:50came out with this issue and you saw it, you said,
02:50:53"Oh no!" Okay. Now, Şamil Tayyar, a name close to
02:50:57the government, says, "The fund crisis that shook Turkey cannot
02:51:01be simplified or underestimated by saying it's 10% of total funds.
02:51:04In 130 funds whose operations were halted, 830 billion liras
02:51:07evaporated. It is the biggest financial fraud
02:51:10in recent history.
02:51:12Now, the king who shaped the future
02:51:15of the collapsed fund system, Emre Tezmen, why is he
02:51:18out? It says he was out when he wrote this, right? Ersin Eroğlu, yes, and it says why
02:51:22weren't his assets seized? It says while suspects' assets are seized in more ordinary
02:51:26operations, why wasn't the same courage shown in the fund crisis? Frankly,
02:51:30all assets of the owners of the collapsed fund companies should be seized.
02:51:34All those responsible for the crisis should be held accountable. As you can
02:51:37see, in the pro-government media...
02:51:40uh, pro-government figures are also after this
02:51:43but I would like to ask my teacher Kayıhan,
02:51:47teacher Kayahan, pro-government figures and journalists are
02:51:50after this, but... are they after the right place? Are they
02:51:54trying to catch the right tail? What do
02:51:56you think?
02:51:58Now, holding only fund managers or company
02:52:02owners responsible for this
02:52:04crisis is unacceptable, because, as our esteemed
02:52:08economist teachers have especially emphasized
02:52:11since the beginning of the program,
02:52:14such a large transfer of resources
02:52:17without the knowledge of the government, politicians,
02:52:20and decision-makers is not possible. That's the point, so if anything
02:52:24is done through only fund managers, as my teacher Yalçın
02:52:28just said, "we invested for 3 months, we invested for 6 months, what happened
02:52:32to the money that went away?" There's talk of a resource transfer of over 20 billion
02:52:35dollars, this is unacceptable. I agree with what Mr. Şamil
02:52:39said, all those responsible should be held accountable, but
02:52:42all those responsible, meaning politicians, decision-makers,
02:52:46whoever, because look, it hasn't been discussed until now,
02:52:49but Mr. Ahat's "example from the past"... It's known
02:52:53that politicians and some decision-makers
02:52:56are involved in similar crises he has brought up until now.
02:52:59In fact, today there are even claims
02:53:01that some MPs experienced such
02:53:05problems in the past and are now avoiding
02:53:08accountability by donning the armor of immunity.
02:53:12Therefore, it's a multi-dimensional process. It's not
02:53:15just this event, it's about all
02:53:17such events. A comprehensive investigation
02:53:20should be opened and whoever is involved,
02:53:24at the decision-maker level, at the politician
02:53:27level, at the capital group level, should be held accountable
02:53:30and the transferred funds should be taken from them. There are
02:53:34over 500,000 people, but according to one source, there are higher
02:53:38numbers. The figure brought up so far is 500,000. There are
02:53:41also some claims that this could reach 1 million.
02:53:45Therefore, it is absolutely vital to establish a mechanism
02:53:48that will cover a significant portion of the losses
02:53:51of these individuals. So, will the AKP government do this?
02:53:54I mean, we will see this, we will push
02:53:58for it, but the AKP government's track record
02:54:02in terms of compensating those who have suffered
02:54:05these losses, frankly, is not very promising.
02:54:08Yes. Mr. Ahat, what do
02:54:10you say? Now, uh,
02:54:13the issue has been thoroughly illuminated thanks to our two
02:54:17on these matters, we have been enlightened on these matters.
02:54:20I mean, they really made very detailed,
02:54:24broad assessments. Now,
02:54:28of course, I personally agree
02:54:31with the system issue that our teacher Önel
02:54:34has been expressing from the beginning.
02:54:37And from the beginning, we have been of the opinion
02:54:40that the system is not working anymore
02:54:44and is stuck in every area
02:54:47within the country's
02:54:50administrative format, not just economic matters.
02:54:53Now, you just showed on the screen,
02:54:57regarding the person named Emre Tezmen and Vetera,
02:55:00Thera Holding or whatever its name is, is it a portfolio
02:55:04company? Regarding that,
02:55:07the former
02:55:11Deputy Head of MASAK
02:55:13was it?
02:55:15Was he the Deputy Head of MASAK? If I remember correctly,
02:55:19he informed the public twice
02:55:22that there was serious
02:55:25corruption in this fund, and that it should be investigated.
02:55:28And he was arrested, taken into custody, taken
02:55:32into custody. Now, where there is
02:55:36such a position, let alone those who understand
02:55:40and know this issue, as you showed in the slide just now,
02:55:43what does the man say? "Nobody dares to ask questions,"
02:55:47meaning, "Who is behind this holding? Or
02:55:50who is behind this Tera?" It says, "They were strongly
02:55:53avoiding making any criticism about Tera, nobody
02:55:57was bringing it up." So, he's talking about an atmosphere like "touch
02:56:00and you burn." At its core, at its core, there is this too,
02:56:04at its core, there is this. Now,
02:56:07institutional officials who are active,
02:56:11everyone you can think of from the CMB,
02:56:14even if they saw certain corruptions
02:56:18or irregularities or, well,
02:56:21whatever... thefts in their areas of responsibility,
02:56:24they are reluctant to pursue some
02:56:28sections of them. Why?
02:56:31Because their relationships
02:56:33especially with the current
02:56:37administration, they don't hesitate to go after them.
02:56:40Of course, when it comes to municipalities of the Republican People's Party,
02:56:44I didn't say they go after everything for opposition municipalities,
02:56:47I'm leaving that aside, or for the opposition, I'm leaving that
02:56:50aside, but for example, in this Tera case, they don't
02:56:54pursue it, because when they do,
02:56:57they don't know what kind of reaction they will get
02:57:01from the other side, and they don't have an idea
02:57:04about who might be behind
02:57:08it, supporting it, all the way up to the leadership,
02:57:11up to the highest echelons of the administration. They are
02:57:15afraid of that. I mean, one shouldn't
02:57:19see this as abnormal, I mean.
02:57:22But the people working in that institution should
02:57:25also take some risks and be able to pursue
02:57:29this. Remember the John Holding case,
02:57:32if I remember correctly, yes, it was about
02:57:35money laundering and such. He was taken into custody.
02:57:39Yes, the man is being interrogated. The man says,
02:57:42"Why did you buy Habertürk?" I'm summarizing, he
02:57:46says, "We bought it at the request of a senior
02:57:50statesman, at his recommendation."
02:57:52The questioning stops there, the interrogation
02:57:55stops there. Another time,
02:57:58another place, another company, I think Bilgi University.
02:58:02He says, "Why did you buy Bilgi University?" "At the request
02:58:06of a senior statesman." Who is this senior statesman,
02:58:08brother? It's clear that the man
02:58:12has no desire to invest in these,
02:58:16to buy these, but a senior statesman,
02:58:20whoever it is, says, "You will
02:58:22buy it." You will buy it.
02:58:25The man, considering what might happen
02:58:29to him if he doesn't fulfill the senior statesman's
02:58:32request, even though he has no interest in it,
02:58:35goes and tries to buy Bilgi University, or he faces
02:58:38the obligation to enter the press
02:58:41or the media, even though he has no interest
02:58:45in it. Now, the issue of the senior statesman is the crux
02:58:48of the matter. Regarding who that senior
02:58:52statesman is, drawing from this example,
02:58:55there are quite a number of such senior
02:58:58statesmen. In this Tera incident,
02:59:02it is also being discussed,
02:59:06just now, the person appointed to the board
02:59:10of directors for two months is like the Chief Advisor
02:59:13to the President. Now, in such a structure,
02:59:16where everything is connected to the Presidency,
02:59:18and the positive or negative
02:59:21attitude coming from the Presidency determines the future
02:59:25of the people who initiated this issue,
02:59:28in such an environment, it is impossible
02:59:32to solve the problem. Impossible
02:59:35to solve. Impossible. So, even if they know it will be
02:59:39for the public good, they cannot pursue it. Now, look, on the
02:59:42topic we just discussed, I have a note here, uh,
02:59:46in Borsa Istanbul's 2025 activity
02:59:49report, trading patterns are striking. It states that
02:59:52warnings were sent to brokerage
02:59:56firms about 217 investors found, and
02:59:5999 information notes prepared about
03:00:02transactions suspected of being contrary
03:00:05to regulations were forwarded to the CMB.
03:00:08And again,
03:00:11in Mr. Mehmet Şimşek's speech
03:00:15in September of last year, or October, he
03:00:18himself states that the CMB
03:00:22brings it before the commission as a board, and the CMB
03:00:26says that there is manipulation in such and such a fund,
03:00:29here and there. The minister also comes out
03:00:33and states this. According to what he said, it means
03:00:37that the CMB, in a sense, normally has that legal
03:00:41authority. Does it have the authority to go after that fund? Yes,
03:00:44but it doesn't. Why? Because it doesn't know who is behind
03:00:47that fund, which senior statesman. Now, the issue has
03:00:50come to this. I will never
03:00:54forget, one day there was a fire in Baltalimanı
03:00:56Hospital in Baltalimanı. For the fire,
03:01:00fire trucks came and so on. If I remember
03:01:03correctly, during that period, İbrahim
03:01:06Kalın, I think, when he was working at the Presidency,
03:01:10came and it might not have been İbrahim Kalın,
03:01:14I might be saying it wrong, but an official working
03:01:17at the Presidency says that with the directives
03:01:21of our President, intervention was made
03:01:24to extinguish this fire. He says. So,
03:01:27when the situation reached this point
03:01:29in Balıklırum Hospital,
03:01:33and the understanding reached this point, what's important here
03:01:37is that the President has nothing to do with this.
03:01:40But by stating this, two things
03:01:43are done: firstly, the intervention made,
03:01:46the people responsible for the intervention
03:01:50are, in a sense, putting themselves under the President's
03:01:53protection. But there's something more important:
03:01:57they are injecting into people's minds
03:02:00that nothing that should be done without the permission
03:02:05and support of the Presidency can be done.
03:02:09So, it's not such a simple matter.
03:02:12I mean, every minister coming out and stating
03:02:16it like this... Now, look at the psychology
03:02:19of the ordinary citizen who watches that, or
03:02:22an institutional official, a civil servant
03:02:25in such and such a place, the minister, now, look,
03:02:29in this, it says, "with the President's command
03:02:33and approval," doesn't it? The same thing.
03:02:35He internalizes it, and after that, the working
03:02:39channels of the system get clogged.
03:02:42The channels get clogged. That's why, teacher,
03:02:45you're absolutely right when you say that as long as the system
03:02:49doesn't change, we are faced with an administrative
03:02:52style that unfortunately doesn't take responsibility.
03:02:55Let's take a break and continue after the break.
03:03:41"Açıkça" continues, dear viewers.
03:03:44Now, there's a message that Ümit Özdağ
03:03:49prepared it in our 3rd visual.
03:03:53Let's bring up the 3rd visual, let's see how
03:03:56Ümit Özdağ, Izmir MP
03:03:58for the New Party, approaches this?
03:04:02Now, here we want to ask the Minister of Treasury and Finance,
03:04:06Mr. Mehmet Şimşek. In November 2025,
03:04:09you said, along with the then Head of the CMB, that there was
03:04:13manipulation in the funds and that you wouldn't allow it.
03:04:16Despite this, for a comprehensive intervention.
03:04:20If you had taken precautions 10 months ago, this financial
03:04:23wreckage, which would have been much smaller, has now reached
03:04:26enormous proportions. Mr. Şimşek, didn't you take
03:04:29the issue seriously enough? Did the institutions
03:04:32not do their job? Were there political
03:04:35or bureaucratic obstacles that you couldn't overcome?
03:04:38Or did you wait for politicians and bureaucrats,
03:04:42about whom there are serious doubts in the public
03:04:45regarding their high amounts of accumulated
03:04:48funds, to earn a little more and then exit the system safely?
03:04:52Mr. Ahat, aren't
03:04:54these all elephant-sized questions? These are very serious
03:04:58questions and questions that the public is curious about.
03:05:02It is not enough to list the names of the fund managers
03:05:05who carried out the transactions and take them into custody.
03:05:09Who gave the instructions? Who gained the benefit? Who
03:05:13established this mechanism, who protected it? Who turned
03:05:16a blind eye? Now, Fikret abi, these
03:05:20are the questions. Are these legitimate questions
03:05:23from the public's curiosity and for the public interest?
03:05:26Therefore, will someone answer these questions? For example,
03:05:29does Mehmet Şimşek need to make more explanations on this matter?
03:05:33Yes, very pertinent questions, teacher Özlü's questions,
03:05:36indeed, they are questions that need to be answered,
03:05:40and Mehmet Şimşek needs to answer these questions.
03:05:43Why did you wait for 10 months, where have you been for 10 months?
03:05:47Uh, as our teachers have also stated, both
03:05:51teacher Yalçın and teacher Öner, this is a systemic
03:05:54problem, Gökmen. I mean, Turkey's
03:05:58moving away from the principle of separation of powers,
03:06:01that is, from the principles of a democratic, secular, social
03:06:05rule of law state. That is, the legislative, executive,
03:06:08and judiciary must be independent. And there must be freedom
03:06:11of expression and the press so that we can speak
03:06:15of a democratic state of law. However,
03:06:18when we look at the reality, we see that the executive
03:06:21organ has become very strong, and we see that it can control
03:06:25the legislative and judicial organs de facto, and
03:06:28within this system, we also see that institutions
03:06:31that should be independent according to their founding laws
03:06:35and the constitution cannot act independently,
03:06:39such as the CMB, the BRSA, and
03:06:42other institutions.
03:06:46We also see that they are prevented from fulfilling
03:06:50their duties. Otherwise, when this incident came
03:06:53to light, the deputy head of the CMB, Ramazan Başak,
03:06:57had taken the necessary steps and
03:07:00informed the public with the necessary warnings.
03:07:03But what happened afterwards? He was taken
03:07:06into custody. So, if a high-ranking public official
03:07:10who does his job is taken into custody for doing his job,
03:07:14it is very clear that the system is not
03:07:17working. A few more examples... Now, in our Constitution,
03:07:20decisions of the Constitutional Court are binding
03:07:23on all real and legal persons
03:07:27and must be implemented immediately upon publication
03:07:31in the Official Gazette. But can this happen in practice?
03:07:34No. If the government doesn't like a Constitutional
03:07:36Court decision, it may not implement it.
03:07:39of this. It may not implement decisions
03:07:43of the European Court of Human Rights because
03:07:46it doesn't like them. So, we are talking about a system
03:07:50that applies the constitution when it suits them
03:07:54and doesn't when it doesn't. And within this system,
03:07:57it has become very clear that stock market transactions
03:08:00are not subject to supervision, that those who want
03:08:03to inspect are taken into custody, and that the responsible
03:08:07minister has done nothing for 10 months. Now, as Özdale
03:08:11asked, Mr. Mehmet Şimşek should answer these questions:
03:08:15Why wasn't intervention made, why was 10 months waited?
03:08:18Who earned money from this fund during this period,
03:08:21how much money, where did this money go, and why
03:08:25was this situation created? Now, over 500,000,
03:08:28over 500,000 of our citizens are victims of this transaction.
03:08:32According to recent news, this number could reach
03:08:351 million. Now, how will the losses of these citizens
03:08:38be compensated? We need to look into this, and
03:08:41who are the people who took this money,
03:08:45and where is this money? In monitoring systems,
03:08:48the money's trail is followed. But if this
03:08:50authority is not exercised, if the institution tasked
03:08:54with doing this is rendered dysfunctional, if it's blocked,
03:08:57then it's not correct to expect a result from
03:09:01this. It's only possible to talk about a company
03:09:04that was perhaps used and then discarded,
03:09:08and its owners. This investigation might have been initiated
03:09:12because those high-level people who earned a lot of money
03:09:15no longer needed them. Otherwise, this should
03:09:19have been started at least 10 months ago, and
03:09:22the occurrence of these losses should have been prevented.
03:09:26This means that an obstacle is being
03:09:29put in front of institutions doing their jobs.
03:09:32And these individuals in the institution,
03:09:35like Ramazan Başak, should
03:09:38object, but we don't see such an objection,
03:09:42because if he objects, even if he is legally
03:09:46right, even if he is exercising his authority,
03:09:49it's not clear where he will be assigned, or how he will be removed
03:09:53from duty. This is completely a systemic problem. For Turkey
03:09:57not to experience such problems, it needs to return
03:10:00to a democratic parliamentary system to fulfill
03:10:04the requirements of the constitution, and independent institutions
03:10:08must truly be able to work independently. Freedom
03:10:11of expression must really be exercised, and freedom
03:10:14of the press must really be exercised. Therefore, this
03:10:17is a part of Turkey's general problem,
03:10:20these are natural problems caused by the system
03:10:24problem. The causes are known, but there is no government
03:10:27willing to solve them. On the contrary,
03:10:30that is content with this system
03:10:34that collects all powers in the executive organ.
03:10:37Therefore, only with a change of government can
03:10:40these illegal, unlawful practices be properly
03:10:44investigated and those responsible brought to justice.
03:10:46Otherwise, expecting this in this system is not realistic
03:10:50at all. And when a change
03:10:53of government happens, the biggest goal of the change
03:10:56of government should be to return Turkey to a parliamentary
03:11:00system, to regain its rule of law quality, and to implement
03:11:03the principle of the rule of law, I can say, Gökmen.
03:11:07Okay, Ersin Eroğlu, we just saw Şamil Tayyar's tweet.
03:11:10approve tweet, I mean, Şamil Tayyar
03:11:14has been consistently pursuing this for a few days.
03:11:17Şamil Tayyar is a former AKP MP and a journalist.
03:11:20Other pro-government figures are also after
03:11:23this, but how do you observe it? How do you evaluate
03:11:27their way of pursuing this? Which
03:11:30side do you think they are after? Which side
03:11:32are they questioning? Is there anything you can say
03:11:36about which side they should be primarily questioning? I think there
03:11:40is a missing question in the criticisms coming
03:11:43from within the government regarding this issue, and that question is: In today's
03:11:47Turkey, after 2017,
03:11:49where everything is tied to one
03:11:52place, where all power
03:11:55is gathered in Beştepe, where there is unity of powers,
03:12:00in this equation where even the director
03:12:03of agriculture in Çemişgezek is appointed
03:12:07by Mr. Erdoğan, can someone
03:12:10establish a fund company, a portfolio company, and manage
03:12:14billions of dollars within
03:12:171.5 years? I mean, what I'm trying
03:12:20to say is, the part that Şamil Tayyar
03:12:24probably left out is this: Was there someone
03:12:27behind this name, this person? Was he protected
03:12:31by someone while making manipulative
03:12:35moves? If so, who were the protectors?
03:12:38I think this question is missing, because
03:12:42unfortunately, until now, the issue has always
03:12:46remained here. We have been seeing operations
03:12:50like this for the past year, since November
03:12:522025. Operations are being carried
03:12:55out against various groups known to be close to the government.
03:12:59Uh, perhaps these
03:13:02are reflections of a power struggle within the government,
03:13:06or perhaps there are different reasons,
03:13:09but these operations always end up here.
03:13:12For example, John Holding is seized,
03:13:16and as a result of this operation,
03:13:19a trustee is appointed to 121 companies.
03:13:223-4 people from the company are taken
03:13:25into custody and arrested. Uh, we saw it in Papara,
03:13:29we saw it in Payfix, we saw it in the arrest
03:13:32and detention of some popular figures close to the government.
03:13:36However, this remained missing:
03:13:39Who was the senior statesman?
03:13:42As I said earlier, in today's
03:13:46administrative equation,
03:13:48would you find it convincing if I told you
03:13:52that someone wanted to enter
03:13:55the media, entered and bought
03:13:58a large media group in Turkey,
03:14:01and the Competition Board approved it?
03:14:05I mean, they don't even give frequencies,
03:14:07RTÜK doesn't
03:14:09changes in channel names. Let
03:14:13alone the change of ownership of one of the largest
03:14:16media groups in Turkey,
03:14:19if there is a change of ownership here, and everyone
03:14:22knows how another media group changed hands in 2017,
03:14:25I think, then it must be as
03:14:29Kemal Can, the chairman of the board
03:14:32of John Holding, said in his statement:
03:14:36someone told them to buy it, they bought
03:14:39it, and then a power struggle ensued. But
03:14:44not only Şamil Tayyar, but also in the judicial
03:14:47bureaucracy, these questions
03:14:50are probably not sought
03:14:52if you had managed it, my dear minister,
03:14:55after giving that answer, a
03:14:59great statesman told me to take it, and I took it,
03:15:02he said. If the person
03:15:05who gave the statement said that, you would ask
03:15:08who it was next, and we would read it, but there is a break there.
03:15:12I am really curious
03:15:15if that will happen here too.
03:15:18I mean, did someone help
03:15:21Emre Tezmen's Terra management,
03:15:24did someone open the way for them, did someone protect them?
03:15:28If so, will it extend to names? However,
03:15:32our practice
03:15:35in the past year shows that
03:15:38an announcement was made that judicial action was taken
03:15:41against 51 people. Mr. Minister, 4 people
03:15:44were arrested yesterday, and today 5 people
03:15:47were detained. This is the scope of the operation, meaning
03:15:51or
03:15:55will it only be limited to the owners
03:15:59and managers of these fund companies? We will see this
03:16:03in the coming days. I mean, regarding Şamil Tayyar's
03:16:06statements, I have an addition or
03:16:10an objection. Or there is
03:16:13such an open area, and this is what needs to be addressed, because
03:16:17only then can we understand what happened,
03:16:20and then we can see the background. Okay,
03:16:24now regarding this issue,
03:16:28there is a gentleman named Erik Meyerson,
03:16:31who also made a post. Erik Meerson, as we understand, is an important
03:16:34person, right? I mean, someone who closely follows
03:16:38the markets in Turkey and needs to be considered. Look,
03:16:41what does he say? Erik Meerson, friends,
03:16:45were you able to find his number, or should I check? He is also someone
03:16:49who drew public attention to the anomalies
03:16:53in voter behavior in the presidential referendum.
03:16:56Did you find it? Okay, now,
03:17:00look, what does he say? Let's first state his
03:17:03title. He is
03:17:06the chief strategist for emerging markets
03:17:09at Sebin, a Swedish-based financial services
03:17:13group. Well, we are one of those emerging markets as Turkey.
03:17:17So why do
03:17:19we observe large ownership control
03:17:23and deeper stock markets in Turkey?
03:17:26We don't observe them. Yalçın Hodja, I will ask for the translation of this. This is Turkish,
03:17:30but we need another translation, I will ask you for it.
03:17:33Is the reason that
03:17:36the state wants to control the concentration of ownership
03:17:40in a local business elite?
03:17:44Or is it institutionalized, weak minority investor
03:17:47protection, creating a very large price
03:17:51discount that block owners do not want to dilute? In
03:17:55both cases, this seems
03:17:57to me to be related to Turkey's widespread institutional
03:18:01problem, and abandoning institutional reform
03:18:04undoubtedly means accepting vulnerability to extreme
03:18:07volatility and market shocks that will follow.
03:18:09What does he say? Actually,
03:18:11what I said, I tried to express in the
03:18:15previous segment. Let's read the first sentence. We do not observe
03:18:19ownership control and deeper stock markets. Why
03:18:22is the public offering rate low?
03:18:25He says, why is it still controlled
03:18:29by a limited number of people? The
03:18:31implication here is that it's easy for
03:18:34those in power to control or intervene with a limited
03:18:37number of people, otherwise, if 80%
03:18:41of the company were publicly traded, with hundreds of thousands of investors,
03:18:45your chances of interfering in politics would be limited. What he
03:18:49means here is actually what I expressed in my first
03:18:53previous segment. That is, if we don't increase the public offering
03:18:56rate of these companies,
03:19:50of the Capital Markets Board at that time. So what kind
03:19:53of system was established for public offerings
03:19:57at that time? I mean, I know from publicly available information,
03:20:00not because I know something else. At that time, an office was established,
03:20:04and those who wanted to go public would go to this office before going to the SPK,
03:20:07the claims were in that direction at that time,
03:20:11large amounts of money were paid, public offering approval was issued by the SPK,
03:20:15it was offered to the public, money was collected,
03:20:18and so on. We forgot about this. Already a businesswoman, I guess,
03:20:21uncovered the matter, and she also paid money,
03:20:28and now,
03:20:30what happened? Was any action taken against the SPK
03:20:34chairman of that period? Was action taken against that deputy? This is just
03:20:38- I say just not because he is innocent -
03:20:41action was taken against Ünsalban, but I don't know if he is inside or outside.
03:20:44However, the figures discussed, I know
03:20:48they exceeded that. Millions of dollars were being discussed,
03:20:51such as farms, hotels, yachts, and so on. While we
03:20:55have been racking our brains here for 3
03:20:58hours on how someone with 10 thousand lira can be protected,
03:21:01on the other hand, the groups whose
03:21:05relationship with the political institution we consider,
03:21:08give each other figures that we are not even used to hearing.
03:21:11They acquire assets, and nothing happens as a result. Now,
03:21:15probably in a few months, something else will happen
03:21:19in Turkey, another agenda item, and in between,
03:21:22this will also disappear from the agenda, like how much money the Terra
03:21:26people got or didn't get. Therefore, one of the points where I agree
03:21:30with Professor Öner is that we need to somehow
03:21:34intervene in this system, otherwise, in the future,
03:21:37we may face more cases. I even remember
03:21:40there were videos published at that time, was it a mafia member
03:21:43from abroad? Someone like Sedat Peker was giving
03:21:46an address, saying, "Go to such and such an address,
03:21:50there are two apartment flats across from each other, one has
03:21:54so many million dollars in cash, the other has whatever." What happened to all of them? Hocam,
03:21:57in that problem between the husband and wife, Sedat Peker was the case
03:22:00where the husband went with the search for a solution.
03:22:03Yes, that's right. But
03:22:06look, we are talking about an action
03:22:10where the capital market was used,
03:22:12public offering. This means that those who were
03:22:16technically unable to go public were able
03:22:20to access it by paying certain
03:22:23fees. What they achieved
03:22:25is what I have been trying
03:22:27to explain from the beginning: leaving their shares to a group
03:22:31of citizens, making a lot of money, and stepping aside. This
03:22:35is also happening in a different way now,
03:22:38but it's a similar event. The capital markets
03:22:42are being used by some people deliberately,
03:22:45and when I say capital markets, I don't mean just
03:22:49fund managers or anything like that. The sister of the person at the head of the institution
03:22:53was involved. The statement was also
03:22:55that she met in a coffee shop in Erzurum, etc. There were statements
03:22:58like, "Please provide us with facilities for public offerings," etc. It was said
03:23:02that Ünsalban had an office. I mean, if we search on Google now,
03:23:06we can find all of them. I'm trying to explain what I remember. Today,
03:23:09we are talking about Terra and Pusula. In 6 months,
03:23:12maybe we will be talking about something else, I don't know.
03:23:16I'm not making a prophecy, but what is truly sad
03:23:19is that nothing happens. I mean, no cost
03:23:23arises.
03:23:27I mean, Ali Fuat Taşkesen, the SPK executives of that period,
03:23:31I couldn't remember his name. I just googled it. I mean,
03:23:34I remembered his surname, but I couldn't remember his first name. When I searched, the first
03:23:38thing that came up was that he was someone
03:23:41who rose to the position of assistant general
03:23:44manager at Bank Asya. Those who deposited money in Bank Asya
03:23:47were jailed. Someone who came up to assistant
03:23:51general manager in Bank Asya, then came to the board of directors of Vakıfbank and Halkbank,
03:23:54and then became the chairman of the SPK. His name was mentioned
03:23:57in such strange affairs (I'm talking about the operations at the SPK, I'm talking about publicly available information).
03:24:01Those were the things being discussed at that time. Therefore,
03:24:05all of this is impossible to happen independently
03:24:08of the political institution. And these are
03:24:12recurring things. The form changes,
03:24:16the method changes a little, but the tools
03:24:19and mechanisms are somewhat similar. We experience these repeatedly,
03:24:22and nothing happens. Here, I believe the main
03:24:26party that needs to be held accountable is the political
03:24:29institution. The political institution must pay the price
03:24:33for this, both politically and legally. As long
03:24:36as that price is not paid, in another case in the future,
03:24:39you will probably invite us again and ask, "How did this mechanism work? Who did
03:24:43what?" and we will have to talk about those things. Therefore,
03:24:46we need to redesign this structure
03:24:50from scratch. When I say structure, I mean the appointment processes,
03:24:54the networks of relationships of the appointed people, etc. You see,
03:24:57members of one family are appointed to embassies, ministries, deputy
03:25:01ministries, etc. As if there are no other people in such a big country. The brother
03:25:05of a deputy is appointed to the head of an institution, someone else
03:25:09becomes something else, and so on. As long as we don't change
03:25:12these things, we will come together at certain intervals on your
03:25:16program in Turkey, and talk about the emerging problems. But
03:25:20in the end, the cost of this
03:25:23current operation is always borne
03:25:26by the citizen. I am really very sad. A man
03:25:30tweeted, "How will I pay my rent?" I saw
03:25:33another post, he says, "I'm saving 60%
03:25:37of my income." He says he hasn't bought shoes for two years,
03:25:40he hasn't bought shirts, he hasn't eaten out,
03:25:44because he wants to own a house. He built such a life. Now he says
03:25:47he has nothing left. We say that their protection
03:25:51is more important, and that all regulations
03:25:54and the system should be directed towards this. But
03:25:57unfortunately, as we can see from these
03:26:00examples, it is always a limited segment that is protected.
03:26:04They don't pay a price, they are not held accountable,
03:26:08neither politically nor legally are those
03:26:11at the head of these institutions held accountable. This needs
03:26:15to change. Okay, Professor Öner, Hakan
03:26:18Kara shared information about the possible
03:26:21economic impact of this issue in his tweet.
03:26:24He says that this event could
03:26:28slow down economic activity and growth
03:26:31through its asset and liquidity effect.
03:26:34Since inflationary pressures will decrease somewhat,
03:26:37we can say that the Central Bank's probability of cutting interest
03:26:41rates at the October meeting has increased. Under normal circumstances,
03:26:44this type of negative shock could have led to a 150-200 basis point
03:26:48interest rate cut. However, due to the risk of shifting to foreign
03:26:52currency and the concern of losing reserves,
03:26:55the Central Bank will prefer 100 basis points.
03:26:58Now that I've seen this, this came to my mind.
03:27:02From the beginning, the stock market experienced a terrible collapse that day. Everyone
03:27:06was very scared. Will there be more,
03:27:08or won't there? Whether it comes or not is
03:27:12another question. Also, will its dimensions affecting
03:27:15the economy emerge? Of course they will emerge.
03:27:19The phrase "inflation started to fall"
03:27:22does he mean this as a result of these developments,
03:27:26or does he refer to the general trend
03:27:29in inflation? I don't know, but
03:27:32he was a bit premature on that matter;
03:27:36we need to see this
03:27:46September inflation. Secondly, the government,
03:27:49or economic management, appears to be fighting
03:27:53inflation, but that's not its main goal. Financial
03:27:56stability, but these events show
03:28:00that there's no such thing. Therefore,
03:28:03according to me, we don't know the extent
03:28:06of public intervention right now. Damage
03:28:10assessment hasn't been fully done. There are
03:28:13approximate figures. After these figures emerge,
03:28:17it will be possible to measure its impact, but
03:28:21it will be negative, because it has been
03:28:24that way in the past. The growth rate will be negatively
03:28:28affected. We will see how inflation will go
03:28:32and how it will be affected, because if you notice,
03:28:35they have to increase liquidity in the market
03:28:39right now. If you restrict liquidity, it will spread
03:28:42to other places. I honestly don't
03:28:45really know if these types of things
03:28:49done in the market are done to calm the market
03:28:52or if they reflect the truth. I'm not
03:28:55very familiar with the figures, but we know
03:28:59that there will be undesirable consequences
03:29:02regarding growth. However, what Erik
03:29:05expressed earlier is true.
03:29:08Yes, there are important issues, of course. Erik
03:29:11probably knows Turkey very well at a macro
03:29:15level, but he doesn't know it closely. If
03:29:19he knew what we were talking about, he would answer those
03:29:22questions himself. Why is there no public
03:29:26transparency in Turkey? I wish there were, transparency is
03:29:29very important for institutionalization. Companies
03:29:32would be more institutional and more accountable.
03:29:36Therefore, avoiding accountability
03:29:39is also a tool to control
03:29:42their companies themselves. Literature says
03:29:45that if it were publicly traded and transparent,
03:29:49it would increase efficiency. There
03:29:52would be external interventions in management
03:29:55practices and external interventions
03:29:58in decisions, and this could increase
03:30:02efficiency. The expenses made by individuals
03:30:05and company practices would disappear. But then
03:30:09I say, "My friend, you have closed the country
03:30:13to the public. What does it matter if you open the company?"
03:30:17The country is closed to the public. The single man does what he wants.
03:30:21Like a closed company.
03:30:24Open the country to the public first.
03:30:28Democratize the country and
03:30:31make the institutions work. Remove
03:30:33them from the influence of politics. Then
03:30:37make these criticisms. That's why I think
03:30:40Erik's statements are unsubstantiated.
03:30:43The reality in Turkey
03:30:45doesn't allow it,
03:30:50I think. Apart from that, the
03:30:54macroeconomic consequences of this
03:30:57issue, the fiscal balances, budget
03:31:00balances, will affect
03:31:04the citizen. I wonder, now that the OVP
03:31:07has also been announced, there were very significant
03:31:10expenditure items in the OVP. We
03:31:14discussed these in this studio.
03:31:16Turkey was making very significant interest
03:31:20payments, wasn't it? Interest payments accounted for around
03:31:2415-16% of the budget. Thank God we got rid of KKM,
03:31:27but what remains from KKM
03:31:31is the interest. Now, on top
03:31:34of these mistakes I mentioned at the beginning,
03:31:37these costs will be added. I would like to draw
03:31:41attention to another issue in this regard. For example,
03:31:45during these liquidation processes, certain costs will arise,
03:31:48both for the public and for the citizens. You are talking
03:31:52about small savers. For example, in the statement
03:31:56made by the New SPK regarding this liquidation
03:31:59process and published to the public,
03:32:02it says that the administrative
03:32:05expenses of this liquidation process will be covered by the investor.
03:32:09As far as I know, these are commissions, right? Terra also did that,
03:32:12it was taken as a percentage of the value. Now,
03:32:16on what value will it be taken? For example, İşbank or Ziraat
03:32:20Bank will charge small or large
03:32:23investors a transaction fee during this process.
03:32:27So citizens will pay these too. From
03:32:30what value will you calculate this? You don't
03:32:33know the value of the person's money, you don't
03:32:37know what you will pay. And there are too
03:32:41many such uncertainties. Why did I say this?
03:32:44Because we still don't have a clear idea
03:32:48about the total cost of this operation.
03:32:52We don't know what its effects will be,
03:32:55if it has any connection to other
03:32:59places. I would like to draw attention to
03:33:02another issue related to this. These
03:33:05were on the agenda, and when this incident occurred,
03:33:09they suddenly disappeared. In Turkey,
03:33:12operations were carried out against
03:33:15middlemen, as you know, and very quickly,
03:33:19our justice system, our judiciary, left out the competition
03:33:22board, the Ministry of Trade, the Ministry of Industry, etc. Only our prosecutors
03:33:26intervened in unfair price formations.
03:33:30Do you know how exorbitant prices occur?
03:33:33Let me explain one method to you. Why am I
03:33:37explaining this? Because we talked about how
03:33:41exorbitant stock prices are formed in the SPK
03:33:44or IMKB here, let's also see how
03:33:47the price of tomatoes is formed. As you know,
03:33:51there is a market law in Turkey. You
03:33:54have to take tomatoes produced in Antalya to the market.
03:33:57And with the laws and permits issued by the AKP,
03:34:01which they probably issued to protect these three-letter markets,
03:34:04you can buy products directly from
03:34:07the producer. However, there is a headline
03:34:11price for tomatoes, which is the price at the market.
03:34:14If you sell the amount of tomatoes
03:34:17entering the market directly to these three-letter
03:34:21companies, the tomatoes will arrive in Istanbul
03:34:24without entering the market. Since there is less
03:34:27supply in the market, the headline price
03:34:31will go up. The less goods you bring
03:34:35to the market, the higher the headline price. What happens
03:34:38as a result? Just like exorbitant
03:34:41stock prices, there will be exorbitant tomato prices. The reference
03:34:44points for these three-letter companies are these market
03:34:48prices, because they take them as a basis.
03:34:51They don't make pricing based on their
03:34:54own costs. The system has allowed this.
03:34:58Of course, one must be fair to those companies.
03:35:01But you have designed the system this way. When
03:35:04the industrial system is organized
03:35:07in this manner, you cannot intervene
03:35:10by looking at the matter from a narrow
03:35:14legal perspective. This is an industrial
03:35:17construction, the construction of an industrial system.
03:35:20And how does this go to judicial authorities?
03:35:23First, institutions like the Competition Board,
03:35:26like the SPK, conduct a technical
03:35:30investigation, and then
03:35:32if there is indeed a crime, they report it. Isn't
03:35:36it the same for the SPK? If you can do this
03:35:40by arresting the middlemen, I ask the judicial
03:35:43authorities, why didn't you directly
03:35:47intervene in these operations and
03:35:50exorbitant price formations, like the prices
03:35:54of tomatoes, which have already become
03:35:56public knowledge? You deem it your right
03:35:59to directly intervene with tomato and vegetable sellers,
03:36:02bypassing the competition board and the Ministry of Trade, but here,
03:36:06you don't directly intervene with these
03:36:10friends, bypassing the SPK and the BDDK.
03:36:14Now, this is also a result
03:36:16of the dual structure in the judiciary,
03:36:20or rather, how the judiciary
03:36:23is used for political purposes. Because
03:36:27we know that the price of tomatoes is related
03:36:30to inflation, and it's about showing the public
03:36:34that it's fighting inflation. However,
03:36:38there is no move to change the industrial
03:36:42structure that is needed. Just impose a penalty,
03:36:45catch two fake invoices, and say, "These are the criminals."
03:36:48I expect that in this case, too,
03:36:52we will see a system where 3-5
03:36:55people will be left to the mercy of the public.
03:36:59Okay, I'm very sorry.
03:37:02You just quoted something. What did it say? It said that these developments
03:37:06would have a positive effect on inflation,
03:37:09and as a result, interest rate cuts would be possible.
03:37:13Why a positive effect? To make what he meant
03:37:16more understandable, he says we need to constantly
03:37:19create crises to reduce inflation. He says
03:37:22people's money evaporated.
03:37:25The meaning is that 20 billion dollars
03:37:28of Tela money evaporated, and since they can't spend it,
03:37:41inflation is a struggle for this country,
03:37:44isn't the evaporation of people's money a
03:37:48separate issue in itself? What we really need
03:37:51to talk about is not its effects on inflation, the Central
03:37:55Bank's interest rate decision, and so on,
03:37:58but rather, that there is no money,
03:38:02people can't spend it, they can't pay their rent,
03:38:06they can't go to the market, will not take,
03:38:09therefore this also leads to an increase in prices, it reduces inflation, now
03:38:13to see this as a macro indicator, I strongly
03:38:16refuse to ignore the human story within the work, I think
03:38:19we need to be more careful about these, now
03:38:22look, we have been talking about these issues since the beginning of our entire broadcast, but while
03:38:26talking about these issues, our commentators
03:38:29often make the reminder that, in the end,
03:38:32all of these are not independent
03:38:36of the problems created by the presidential system in Turkey, they are
03:38:40problems that can be
03:38:42linked to it. A book was written
03:38:45in parliament for this presidential system
03:38:4811 years ago, and some
03:38:51warnings were made in that book 11 years ago,
03:38:55friends, let's move on to visual number 10, and then I will ask
03:38:58you for visual number 4, look, the parliamentary
03:39:02research services presidency had prepared
03:39:05a book titled "The System" in 2015,
03:39:08before the 2017 referendum
03:39:11on the transition to the presidential government system, to contribute
03:39:20to the discussions on system change. A section
03:39:23from that book caused a stir today. It says:
03:39:26"Since the legislative body cannot end the existence
03:39:30of the president,
03:39:33the term of the executive power is fixed. In this case, no matter how
03:39:36incompetent a president is,
03:39:39he cannot be removed from his position
03:39:42before his term expires.
03:39:45Even if his public support or legitimacy becomes controversial,
03:39:49the president cannot be replaced before
03:39:51his fixed term expires.
03:39:54In a zero-sum game where
03:39:57the winner takes all and the loser
03:40:00loses all, factors that encourage
03:40:03polarization rather than consensus come to the forefront.
03:40:07The president, who is confident that he will
03:40:10retain his power until the next presidential
03:40:14election, "may become insensitive
03:40:17to the demands of both the opposition and the electorate.
03:40:21The president, whose powers are based
03:40:24on plebiscitary and majoritarian elements,
03:40:28may come to believe that he represents
03:40:32all the people. While seeing his
03:40:34own policies as a reflection of the public will,
03:40:38he may define the policies of the opposition as selfish
03:40:41plans of narrow interests. The policies of the opposition,
03:40:45selfish plans of narrow interests, can be defined as such. Of course,
03:40:49let's not unfairly criticize the book, it also states what the advantages are,
03:40:53it explains the advantages and the disadvantages.
03:40:56This section on disadvantages attracted attention today. Now,
03:40:59therefore, is it a regime issue? What is the goal of the New
03:41:03Party then? Why did Özgür Özel announce
03:41:06one of the three goals of the new party as a new
03:41:10regime? This is also in visual number 4. Do you know
03:41:13what Özgür Özen said? As the New Party, we have three goals,
03:41:17one is 50 + 1, one is 60 +
03:41:201. We will come to power with 50 +
03:41:231, with 50% + 1,
03:41:26we want to elect a president with 60% + 1,
03:41:30that is, a 50% + 1 goal in the parliamentary
03:41:33election, 60% + 1 in the presidential
03:41:37election, and then a strong parliamentary system,
03:41:40a strong reconstruction of the regime in the balance and control
03:41:44systems is needed. Let's continue by asking
03:41:47Kayahan Hoca about this. Kayahan Hoca, are these three
03:41:50goals announced by Özgür Özel related
03:41:53to the agenda we are currently discussing
03:41:57and the issues imposed by that agenda, and
03:42:0050 + 1, 60 + 1. In the end,
03:42:03these represent important things, important, that is,
03:42:07a benchmark. A serious benchmark is being set.
03:42:1150 + 1 in the parliamentary election, 60 + 1 in the presidential election.
03:42:13How do you, as a new party member of parliament, evaluate
03:42:17this situation?
03:42:20Mr. Karadağ, what we discussed here is very closely related,
03:42:23because merely changing the government will not be
03:42:27enough to solve the problems we discussed, we also
03:42:30need to change the system. To be able to change
03:42:34the system, we first need to take
03:42:37the majority in parliament, this is what 50 + 1 means, and then
03:42:41we need to change the president and
03:42:44abandon this system and ensure a transition
03:42:48to a strong parliamentary system. It is often asked
03:42:51why 60 + 1, and I have received questions
03:42:54about this. The main issue here is that with the power
03:42:58of that 60 + 1, a new president can be
03:43:01installed at the head of Turkey
03:43:04strongly, without giving rise to any
03:43:08discussion in the presidential elections. This can be defined as such. By the way,
03:43:12I would like to say something about this book published
03:43:15by parliament 11 years ago, which you quoted earlier. It
03:43:19has become popular again these days, but both then
03:43:23and now, as you will remember, many
03:43:26segments in Turkey, especially professors who are very competent
03:43:29in constitutional matters, clearly
03:43:33pointed out these problems. Therefore, it is absolutely
03:43:36necessary to evaluate our Chairman Özgür Özel's statement
03:43:39that we will not only change the government but also change
03:43:42the system, as a transition
03:43:45from this majoritarian system to a democracy.
03:43:48Turkey needs today, after changing
03:43:52the government, a new system where a new president,
03:43:55together with the majority in parliament, will bring comfort to everyone,
03:43:59ensure equality for citizens, and implement a pluralistic
03:44:03democratic structure must definitely
03:44:06be reflected in life. Ahat Hoca, this
03:44:0950 + 1 in the parliamentary election, 60 + 1 in the presidential election,
03:44:13although let's say this,
03:44:15that some of the polling
03:44:18organizations that try to measure
03:44:22the pulse of public opinion, even if it's not exactly
03:44:2560-40, for example, when asked if it's Erdoğan or Yavaş, or İmamoğlu,
03:44:28a 45 to 55
03:44:32is easily seen in most of them, in some it's 42 to 58,
03:44:35as far as we understand, has Özgür Özel set such a benchmark
03:44:39for himself? 60 + 1 for the presidency, 50 + 1 for parliament. Why
03:44:43might he be setting this? What kind of motivation is he trying
03:44:45to create? Of course, here,
03:44:49to be able to change the system, there is a necessity
03:44:52of 50 + 1.
03:44:55Mr. Özel has set
03:44:58something like 1 for the presidency, but there is no need for such
03:45:01a thing. If the opposition could get 50 + 1 due to the presidential
03:45:05system, if it could be obtained,
03:45:09in other words, if the opposition could unite behind
03:45:12such a candidate and save 50 + 1,
03:45:15in a sense, the problems would largely
03:45:18be solved, because the key
03:45:21to changing the regime is of course
03:45:24to gain the majority in parliament, which would have
03:45:27great advantages, but far beyond that
03:45:30is to obtain the presidency. In a model where
03:45:34you cannot obtain the presidency,
03:45:38if we look with the assumption that
03:45:41this constitutional structure and constitution
03:45:45will continue, you will not have such a chance,
03:45:48that is, such a parliamentary strong
03:45:51supported transparent, responsible,
03:45:55accepting responsibility, then
03:45:59an open administration has no chance of emerging,
03:46:02that is, the presidential system. The reason for this,
03:46:05if we simplify it, is that this presidential
03:46:09system, the Turkish type presidential system, which was brought
03:46:12to the agenda, was flawed
03:46:15from the beginning based on a flawed understanding.
03:46:19Let's remember how this came to Turkey's
03:46:22agenda. That is,
03:46:25with Mr. Bahçeli's expressions and
03:46:29support, it came to the agenda. What did he
03:46:31say there? The president
03:46:33elected with the old constitution
03:46:37or the old system, with the understanding
03:46:40of the parliamentary
03:46:42period, does not comply with the constitution. Then if the constitution
03:46:46is like that, let's adapt the constitution to it.
03:46:49In the world, in the history of world politics,
03:46:53such a thing has probably never happened. I guess
03:46:55it happened for the first time in Turkey. That is,
03:46:59"The president does not comply with the constitution, so
03:47:03let's change the constitution." There is no such understanding as
03:47:06"let's change the president." That is, to change the constitution
03:47:09and accordingly, this system called the Turkish type Presidential
03:47:13system is actually
03:47:16tailored to Mr. Erdoğan, a system manufactured
03:47:20according to him, and I have been saying
03:47:22from the first day that this system,
03:47:26or rather, at the time this issue began to be debated,
03:47:30with the acceptance by the YSK
03:47:33of approximately 2.5 million votes
03:47:36in an illegal, unprincipled manner,
03:47:40the referendum passed. What I said at that
03:47:44time was this: The Turkish
03:47:47type Presidential system, this system
03:47:50will leave us facing something
03:47:53like this, as stated until today, due to its system
03:47:57structure. Things are standing.
03:48:00We said we would face a similar
03:48:03picture to one of the presidential
03:48:06systems seen in the post-Soviet geography. The reason
03:48:10for this was that since that
03:48:13day, I have constantly stated in meetings
03:48:16and discussions, in programs, that this system
03:48:19is such a system that
03:48:23we explain it in two sentences or I define it
03:48:26as this: Responsibility
03:48:29is zero, authority
03:48:32is infinite. An understanding
03:48:36of governance with infinite
03:48:40authority and zero responsibility.
03:48:43The result, as we just discussed, is
03:48:47that we have become a country where no one
03:48:50takes responsibility, everyone
03:48:53looks to Beştepe, and where
03:48:58"events there, discussions there,
03:49:01and speeches made from there
03:49:04determine people's actions
03:49:07and decisions are made accordingly."
03:49:10That's the situation. This is the point
03:49:14that the Turkish-type presidential system has brought
03:49:18us to, and no matter which area
03:49:21you look at, from its economy to its foreign
03:49:23policy, from its agriculture
03:49:27to its industry. That is, today, industry
03:49:31has been negative for the last 23 months, if I remember correctly.
03:49:35Industrial production is in the negative.
03:49:38It continues at 0.2%, 2. something percent, and so on.
03:49:41That is, agriculture,
03:49:44well, with all its issues,
03:49:47the understanding that "we have money, so we import."
03:49:51And even more,
03:49:53was it 2011 or something, I forgot,
03:49:57the Minister of Agriculture of that period,
03:50:00Mehdi Eker, France awarded him
03:50:04the Legion of Honor. Why did they award it? Because
03:50:08at that time, we
03:50:10had exported 2 million dollars of beef,
03:50:13sorry, imported. Also live animals, I don't remember
03:50:17the number, it could be 600, 700 thousand, we had exported
03:50:20live animals, sorry, imported. For this, the French Minister
03:50:24of Agriculture awarded our Minister
03:50:27of Agriculture the Legion of Honor.
03:50:30That is, the situation has turned into a system
03:50:34where such practices can be carried out. Now,
03:50:38I'm not going to talk about
03:50:40the economic situation, but the professors will
03:50:44explain this much better, but I'm telling you my own measure.
03:50:47I look at the 2-year, 5-year, 10-year
03:50:51bond interest rates. These interest rates
03:50:55had started to go down to around 38,
03:50:58like 2-year was around 38-39, 5-year
03:51:02was around 35, it had gone down to around 32 for 10-year
03:51:05bonds. I'm telling this for the viewers to
03:51:09understand. That is, the state says, "I'm selling
03:51:12you this bond, you take this in return."
03:51:16"I will give 32% interest for 10
03:51:20years." That's how simple it is. "I will
03:51:23give this money for a 10-year period, and
03:51:27I will give this interest for a 2-year period," and so on. Now,
03:51:30yesterday, I was a speaker on another television channel,
03:51:34and I saw that the 2-year interest rate had risen
03:51:38to around 41% again.
03:51:41The 5-year interest rate had risen to
03:51:4539, and the 10-year
03:51:48interest rate had risen to
03:51:5135 point something, 36. If these are the figures
03:51:55at which you, as a state, or rather, as a government,
03:51:58are borrowing, then you have no chance
03:52:02of lowering inflation. No, there is none.
03:52:06Therefore, no matter how we look at it,
03:52:09this system has entered a serious bottleneck, but
03:52:13despite this, the government
03:52:15says, with the statement
03:52:18of the Minister of Justice, that they will hold
03:52:21an election in 2028 to re-elect their president.
03:52:25That is, as if
03:52:27the citizen's only alternative is this,
03:52:30such a perception is being presented
03:52:34to the citizen. To overcome these,
03:52:38Mr. Özel sets such benchmarks
03:52:41to create a serious dynamism
03:52:45and support in public opinion. Whether these benchmarks
03:52:49are realistic is debatable, but
03:52:52if you don't set such benchmarks
03:52:56or stand behind them, you may
03:52:59not be able to shape the opposition. Therefore,
03:53:02I mean, "Okay, as in the polls,
03:53:06our vote share is this much. We will increase
03:53:09our vote share by 5% or 10%,"
03:53:13with such an understanding, you cannot align
03:53:16the opposition. Therefore,
03:53:19Mr. Özel brings such an understanding,
03:53:22such a mentality to the agenda, I see.
03:53:26So now, will the transfer moves still
03:53:30continue? Will this transfer politics never end?
03:53:33Some backstage news came out again
03:53:36today, saying that three more deputies are in line.
03:53:40It is said that three more deputies will join
03:53:42the AKP. There is such news, based on
03:53:46a statement by AKP spokesperson Ömer Çelik, because
03:53:50this backstage news was reflected. It's in visual number 13,
03:53:53friends. Now Ömer Çelik said
03:53:57that there are requests to join the AK Party.
03:54:00başkanları, şunlar, bunlar, meclis üyeleri tamam, ama bir
03:54:03de milletvekili transferi de önemli, ak parti'ye katılmak için
03:54:07talepler var dedi, eee şimdi de... eee üç
03:54:10vekilin katılabileceği buna ilişkin haberler var
03:54:14iki İyi partiden AKP'ye geçecek iyi partili
03:54:16vekilden eee bir de
03:54:19yanılmıyorsam yeniden refah yani.
03:54:22alıyor muyum yoksa bakarım şimdi üç vekilin daha geçebileceği
03:54:26söyleniyor, buradaki ibare doğru mu?
03:54:29ak partiye katılmak için talepler var diyor, evet
03:54:33eee, bunun anlamı,
03:54:35milletvekilleri ak parti'ye geçmek için talepte bulunuyor,
03:54:39belediye başkanı milletvekile, ak parti
03:54:42milletvekillerini bize geçin talebinde
03:54:45bulunmuyor, şöyle diyor tam hocam, partiye ak
03:54:48partiye milletvekili ve belediye başkanlarından...
03:54:52katılım talebi var diyor, evet dediğiniz gibi onlardan katılım talebi
03:54:56var diyor, biz ne yapalım diyor yani anlayış hocam, istifa
03:54:59yok, ne var, görevden af var,
03:55:03evet burada da talep yok, özür
03:55:06dilerim, az önce yeniden refah dedim, yanlış söylemişim, haberde iki iyi
03:55:10partiden, bir de yeni partiden bir vekilin
03:55:13AKP'ye geçeceğine ilişkin bir iddia var, iki iyi partiden bir
03:55:17yeni partiden vekilin AKP'ye geçebileceğine ilişkin bir iddia, bu
03:55:20iddia Ankara Kulislerinde.
03:55:32vekil geçti mi geçti, yeniden refahtan bir vekil geçti mi geçti, deva partisinden bir vekil
03:55:35geçti mi geçti, isimleri de burada var ama onu sıralamaya gerek
03:55:39yok, bu tür kulisler yoğun mu Fikret abi,
03:55:43Ankara'da konuşuluyor mu? Evet
03:55:45konuşuluyor, gerçekten
03:55:49Öner hocam da ifade etti, yani davet.
03:55:52almadan ak partiye geçmek isteyen milletvekilleri söz
03:55:55konusu. eee sen partilerin ismini saydın
03:55:59eee 3 milletvekili daha şimdi burada şöyle bir eee
03:56:03olgudan bahsetmek lazım. Ankara'da en çok konuşulan bu,
03:56:06iktidar bir anayasa değişikliği hazırlığı
03:56:09içerisinde ve bu anayasa değişikliği cumhurbaşkanı sayın
03:56:13Erdoğan'ın eee yeniden sınırsız şekilde
03:56:17aday olmasını sağlamayı hedefliyor. Anayasanın
03:56:20101. maddesinin değiştirilmesi veya kaldırılması
03:56:23öngörülüyor, bunun için de tabii 360
03:56:27milletvekilinin onayı lazım, iktidar partilerinin
03:56:31milletvekili sayısı buna yetmiyor, bu bakımdan
03:56:34örneğin dem partiden destek almak gibi eee işte
03:56:37iyi partiden, yeniden refah partisinden milletvekili transfer
03:56:41etmek gibi yöntemlerle iktidar bu 360
03:56:44sayısına ulaşmaya çalışıyor. Eğer anayasayı değiştirecek bir
03:56:48uzlaşma sağlayamazsa bile eee erken seçim
03:56:51kararı. alması için de bu sayıya ulaşması
03:56:55gerekiyor, çünkü Cumhurbaşkanı adayı
03:56:58olmasının yollarından biri
03:57:00eğer 101 maddeyi kaldıramıyorsa erken seçim kararının
03:57:03meclisinin alması eee bunu sağlamak zorunda,
03:57:07çünkü başka türlü cumhurbaşkanlığı adaylığına
03:57:10tekrar aday olmasına eee tekrar eee imkan sağlamıyor
03:57:14anayasa eee Ankara'da bu amaçla milletvekili
03:57:17transferleri yoğun şekilde gündemde ve önümüzdeki
03:57:20günlerde de bu geçişleri eee "bekliyoruz, bu da beklentiler
03:57:24içerisinde görülüyor, erken seçim konusunda
03:57:27ise her zaman her fırsatta yeni parti lideri
03:57:30sayın Özgür Özel, hemen erken seçim yapalım diye
03:57:34çağrıda bulunsa da, iktidar kendisi için
03:57:37uygun olacağını düşündüğü zaman erken
03:57:40seçim kararı almayı planlıyor ki, düşünün danışman
03:57:44Mehmet Üçum 2028'in Nisan ayı eee
03:57:47diyebildi, yani zaten normalde mayısta yapılacak
03:57:51seçim, onu bir ay." birkaç hafta öne çekmek erken seçim
03:57:55sayılmaz, yeni partinin erken seçim konusunda diğer muhalefet
03:57:59partiler ile beraber eee baskısını arttırması da
03:58:02bekleniyor, her fırsatta bunu zaten dile getiriyor ama
03:58:05amaç yeniden aday olmasını sayın Erdoğan'ın sağlamak eee
03:58:09milletvekili transferlerinin eee asıl amacı bu diye
03:58:13söyleyebiliriz yalnız Ömer Faruk Emin Ağaoğlu biliyorsunuz çok bilinen bir
03:58:16isim kendi alanında bir saniye dedi
03:58:19ya bu AKP'nin erken seçim hesabı yanlış kardeşim dedi. "o
03:58:23hesap oy verme gününden alınmaz dedi, seçim sadece oy verme günü demek
03:58:26değildir dedi, birazdan bakacağız ona.
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04:00:22Halk TV uninterrupted. Good morning my dear Turkey. Good morning
04:00:26to all of you from the bottom of my heart. Good morning Istanbul, good morning
04:00:29Ankara. Good morning to Izmir, the pearl of the Aegean. Good morning
04:00:33to Antalya, the capital of tourism. Good morning to its east, its central
04:00:36Anatolia, its Black Sea regions. Today,
04:00:40some people woke up a little happier, they got out
04:00:43of their beds like that, I know. Some parts of the country
04:00:47are sad, we are among the sad ones as Galatasaray
04:00:50fans, but I sincerely congratulate my Trabzon brothers,