187.6 Billion Liras of Unfair Gain Detected in Fund Investigation

In the fund investigation conducted by the Istanbul Chief Public Prosecutor's Office, 214 individuals and companies were identified as having generated a total of 187.6 billion liras in earnings from three separate funds.

Details of the Investigation

Minister of Justice Akin Gurlek stated that the ongoing fund investigation is being carried out meticulously in line with the instructions of President Recep Tayyip Erdogan. Individuals who achieved earnings exceeding 100 million liras were identified one by one during the examinations.

Distribution of Funds and Number of Persons

It was reported that out of the 214 individuals determined to have generated a total of 187 billion 653 million liras from three separate funds, 141 are real persons and 73 are legal entities. The distribution of earnings by funds was announced as approximately 90 billion liras in TERA funds, approximately 79 billion liras in Pusula funds, and approximately 18 billion liras in Hedef funds.

September Sales Under Scrutiny

The investigation has focused particularly on individuals who executed fund sales between September 13 and 16. It was announced that it was determined some individuals exited the funds after obtaining prior information.

SDIF Initiated the Return Process

Minister Gurlek stated that the list compiled as a result of the examinations has been sent to the SDIF. The SDIF has begun issuing official notifications to the names on the list to ensure the return of the detected earnings, and the collected funds will be pooled in victims' accounts.