Turkish regulator clears Mobius in prelim probe

* Prelim probe finds no wrongdoing by fund manager -official

* Official says no further investigation planned

* Mobius comment had been blamed for dive in Turkish stocks

ANKARA, Jan 11 (BestGrowthStock) – Turkish regulators have found no
wrongdoing in a preliminary probe of alleged manipulation by
Mark Mobius, emerging-markets fund manager at Franklin
Templeton, an official at the Capital Markets Board said on
Tuesday.

Comments Mobius made in October that the Istanbul bourse
could face a correction by the end of the year were blamed for a
slump in the market at the time.

“At a meeting last week, the board took up the preliminary
investigative report and no evidence of wrongdoing was found,”
said the official who did not want to be named.

No further investigation into the matter was planned.

The Capital Markets Board launched the probe into possible
market manipulation in November.

The main Istanbul index fell 3 percent after Mobius, who has
around $1 billion invested in Turkey, said Turkish stocks may
fall 15 to 20 percent by the end of 2010. [ID:nLDE6A70UR]

In the final quarter, Turkish shares rose 0.3 percent.

(Reporting by Orhan Coskun, writing by Ayla Jean Yackley;
editing by David Hulmes)