The governing leadership in Ankara is working to prevent further institutional instability following a massive failure in the equity markets. President Erdoğan is intervening to stabilize the political environment after widespread reports of trading misconduct in national investment funds reached the top ranks of the ruling AK Party.

The current stock market scandal involves an estimated $18 billion and has already triggered the resignation of Deputy Chair Fatma Betul Sayan Kaya. Sayan Kaya left her party post following opposition allegations that she and her husband conducted improper trades during the fund crisis.