Minister Şimşek's Statement on Fund Investigation and Liquidation
Treasury and Finance Minister Mehmet Şimşek announced that 17 funds were liquidated within the scope of ongoing fund investigations and investor payments have been completed.
Treasury and Finance Minister Mehmet Şimşek announced that as a result of investigations in the fund market, 17 funds open on TEFAS belonging to A1 Capital, Bulls, and Pardus have been liquidated, and the money of approximately 43,000 investors has been transferred to the relevant banks.
Fund Investigations and Liquidation Process
Treasury and Finance Minister Mehmet Şimşek touched upon the issues experienced in the fund market and portfolio management companies at a summit held in Istanbul.
It was announced that problems occurred in a total of 131 funds due to market-disrupting activities, and funds belonging to three companies with risky financial structures were liquidated.
Payments Made to Investors
With the completion of the liquidation of 17 funds open on TEFAS, concrete steps began to be taken in the process.
The entitlements of approximately 43,000 fund participants were transferred to the relevant bank accounts in line with the specified schedule.
Market Security and Measures Taken
It was emphasized that there is no systemic risk in the markets following the events and the current situation is under control.
It is aimed to prevent similar situations with the guides and new regulations published by the Capital Markets Board.
Legal Process and Regulations
It was clearly stated that individuals and institutions determined to have engaged in market-disrupting activities will be held accountable before the law.
It was noted that new legal regulations and measures will be implemented in the coming period.