Overview
- Tuesday’s ruling annulled the CHP’s 8 October 2023 Istanbul provincial congress, removed provincial chair Özgür Çelik and his board, and named veteran figure Gürsel Tekin as interim head.
- Authorities on Wednesday ordered the detention of seven employees from the opposition-run Beşiktaş and Avcılar municipalities in Istanbul, following earlier arrests of multiple CHP mayors and officials.
- Turkish markets fell sharply after the decision, with the BIST 100 sliding more than 5% on Tuesday and opening lower Wednesday, while bonds weakened and foreign investors sold Turkish assets.
- Traders said the central bank sold roughly $4–5 billion in reserves to steady the lira, according to market reports, as CHP leader Özgür Özel prepared to address supporters at an Istanbul rally.
- A separate Ankara case set for 15 September could overturn the CHP’s 2023 national congress that elected Özel, and prosecutors are seeking one to three years in prison for Çelik and nine others over alleged bribery.