Dec. 30, 2025: Erden Timur Arrested; NEF Cancels 250 Million Lira Debt Sale

On December 30, 2025, Erden Timur, former Galatasaray vice chairman, was formally arrested on money laundering charges linked to Turkey's illegal betting probe. On the same day, NEF canceled a 250 million lira ($8.5 million) short-term debt sale after earlier paying 320 million lira, while Galatasaray shares fell over 20% in two months.