Allegations regarding TERA and 53 billion lira in assets during investment fund liquidation process
While it is claimed that a massive amount of assets was withdrawn from TERA during the liquidation process of investment funds, it was suggested that IC Holding was behind this money movement.
While discussions continue regarding the liquidation process in Turkey's investment funds, new allegations have emerged that 53 billion liras worth of assets flowed out of TERA in a single night.
Allegations Raised During the Fund Crisis
As discussions continue regarding the liquidation process in Turkey's investment fund market, striking allegations continue to be shared in the press and on social media.
The Large Amount Withdrawn from TERA
According to information shared by journalist Barış Yarkadaş, the massive asset of 53 billion liras withdrawn from TERA in a single night corresponds to approximately 7 percent of the fund.
It was noted that this size of approximately 52.8 billion liras carried out a money movement of about 45 billion liras through the exit of a single investor.
IC Holding and Asset Freezing Allegation
Yarkadaş claimed that the assets of IC Holding, owned by İbrahim Çeçen—who has received massive road and infrastructure tenders from the public sector—have been frozen.
The allegations that this high-amount fund movement was carried out by the Çeçens sparked widespread public debate.
Questions Curious to Fund Victims
Fund victims are wondering when the Çeçens transferred this high-amount money into the fund, how much return they generated throughout the process, and how these gains will be evaluated.