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Turkey Trial of Bloomberg Reporters, Others Starts in Istanbul

731 Lexington Avenue in New York, home to the world headquarters of Bloomberg LP.

731 Lexington Avenue in New York, home to the world headquarters of Bloomberg LP.

Photographer: Daniel Acker/Bloomberg

A Turkish court held its first hearing on Friday of a case against two Bloomberg reporters accused of trying to undermine the country’s economic stability. The action stems from a 2018 story about how authorities and banks were responding to the biggest currency shock in the country since 2001.

An indictment from a prosecutor was accepted earlier this year requesting a jail term of between two and five years for Kerim Karakaya and Fercan Yalinkilic, the reporters, and 36 other people upon a request from the nation’s banking regulator.