Hedef Investment Bank Denies MASAK and Money Transfer Allegations
Hedef Investment Bank denied the claim that a 2 billion lira money transfer was blocked by MASAK within the scope of a fund investigation, announcing that the transaction was a legal FX swap activity.
Operating under Hedef Holding, Hedef Investment Bank firmly denied allegations in some media outlets that an attempt for a 2 billion lira money transfer was stopped by MASAK, stating that the claims do not reflect the truth.
It Was Stated That the Allegations Do Not Reflect the Truth
It was claimed that Hedef Investment Bank's 2 billion lira transfer attempt was stopped by MASAK within the scope of a fund investigation. The bank stated that the news on this matter does not reflect the truth and does not accurately convey the economic nature.
Swap Transaction Realized with Swissquote Bank
In the official statement made by the bank, it was stated that the operation subject to the news was a standard USD/TRY foreign exchange swap within the scope of ordinary treasury activities conducted with Switzerland-based Swissquote Bank Ltd.
Technical Details and Counterpart of the Transaction
Within the framework of the executed transaction, Hedef Investment Bank conveyed that it purchased approximately 40.9 million dollars from Swissquote, made a payment of approximately 2 billion liras in return, and that this amount was cleared.
Allegation of Transferring Funds Abroad
It was emphasized that the approximately 2 billion liras paid were transferred to Swissquote's correspondent account in Turkey, while the corresponding dollars passed to the Takasbank account, and that there was no question of bank resources being taken abroad.
Value Date and Mutual Obligations
It was stated that the dollar amount not yet being credited to the account at the time of the instruction does not mean that the transaction is unsupported, and that the dollar and TL payments are mutual obligations within the scope of the same FX swap transaction.
Legal Process Announced to Be Initiated
The bank demanded the correction of the claims that 2 billion TL was wanted to be transferred abroad and announced that legal initiatives will be taken against those who made and published the news in question.