President Erdoğan to discuss fund investigation with economic team
Making statements following the Cabinet Meeting, President Erdoğan is coming together with his economic team and institution managers to evaluate the fund investigation.
President Recep Tayyip Erdoğan announced in his post-Cabinet Meeting statement that he will meet with his economic team and relevant institution managers today to address issues related to the fund investigation.
Important Statements After the Cabinet Meeting
Addressing the nation following the Cabinet Meeting held at the Presidential Complex, President Recep Tayyip Erdoğan evaluated current economic developments and the fund investigation.
In his post-meeting statement, Erdoğan clearly stated that he will come together today with his economic team and managers of responsible institutions regarding the fund investigation.
No Systematic Risk Exists
Stating that the issue in question occurred in only a limited segment of the fund market, President Erdoğan emphasized that there is no risk that has spread to the financial system.
Expressing that the Turkish capital market has resilient and robust foundations, Erdoğan noted that there is more than enough capacity to easily overcome this test.
Legal Process and Liquidation Efforts
Stating that individuals identified as engaging in market-disruptive actions through funds will be held accountable before the law, Erdoğan expressed that they act with extreme caution due to the nature of capital markets.
It was reported that the efforts carried out regarding the liquidation process of the closed funds are being closely monitored and continued with great meticulousness by the relevant institutions.