The chairman of Turkey’s Capital Markets Board (SPK), Mahmut Sütcü, resigned on Monday, officially citing health concerns. This resignation comes as Turkey deals with the repercussions of a large-scale investment fund scandal. Sütcü had only been in the position since May. The move follows shortly after prosecutors received authorization to investigate his predecessor regarding the unfolding case. Details surrounding the investment fund scandal remain unclear, but it appears to be significant enough to prompt high-level scrutiny and a leadership change within the SPK. The resignation raises questions about potential implications for Turkey’s financial regulatory environment. Further developments are expected as the investigation proceeds.