❗️Turkiye's banking watchdog chief submits resignation amid investment fund scandal Turkiye's banking watchdog chairman Sahap Kavcioglu submitted his resignation to President Recep Tayyip Erdogan on Wednesday amid allegations linking the Banking Regulation and Supervision Agency (BDDK) to the country's investment fund crisis. Kavcioglu denied claims that he had invested in funds under investigation or accepted bribes, saying the BDDK had no involvement in the crisis. His announcement follows the detention and jailing of several senior agency officials pending trial over alleged irregularities in capital market transactions involving investment funds.