Cevdet Yılmaz's Statement on Fund Investigation: No Public Funds Will Be Used

Vice President Cevdet Yılmaz announced in a statement regarding the fund investigation process that public funds will in no way be used for liquidations and that swift steps are being taken to prevent the victimization of small investors.

No Public Funds Will Be Used

Vice President Cevdet Yılmaz made important evaluations regarding the process known in public as the fund investigation. He clearly emphasized that the use of any public resources is out of the question in neither ordinary nor extraordinary liquidation processes.

Rapid Action for Small Investors

Yılmaz stated that very quick action has been taken since the very beginning of the process so that small investors do not experience grievances. It was noted that these measures aim to protect the rights of investors.

Precautionary Decisions and Interim Payments

While it was recalled that precautionary decisions were taken regarding a total of 7 companies and 131 funds, it was announced that the problematic funds are currently in quarantine. It was reported that the commission will address the fund law on Wednesday and interim payments will be made within this month.

Liquidation Process and Status of Companies

It was recorded that principal amounts are taken as the basis in liquidation transactions, and those who withdrew their profits or took back their net investments will not be considered aggrieved. In the process audited by the State Supervisory Council, A1 Capital, Bulls, and Pardus are being liquidated, while it was conveyed that 3 of the 7 companies have separated and 4 companies remain.