Turkish authorities have taken over 131 investment funds worth about 17 billion euros after missed payments and stock-manipulation allegations left roughly 455,000 savers trapped, and the fallout is now reaching Recep Tayyip Erdogan's ruling AKP (Justice and Development Party, in power for nearly 25 years). More than 200 people are under investigation, 65 of them jailed on charges including fraud and money laundering, while relatives and associates of senior officials are implicated and a party vice-president, Fatma Betül Sayan Kaya, resigned after profiting from share trades. Erdogan has promised to punish those responsible and compensate savers, but analysts say the scandal exposes deep nepotism and could prove politically damaging.