President Erdoğan's Statement on the Fund Crisis and Economy Management Summit
Speaking after the Cabinet Meeting regarding fund developments in the capital market, President Erdoğan announced that he will meet with his economic team to protect the rights of investors.
Following the Cabinet Meeting held at the Presidential Complex, President Recep Tayyip Erdoğan drew attention to fund developments in capital markets and investor grievances, stating that necessary steps will be taken within the framework of the rule of law.
Evaluations After the Cabinet Meeting
President Recep Tayyip Erdoğan addressed the nation following the Cabinet Meeting held at the Presidential Complex.
Touching upon the fund issue, which was one of the prominent agenda items, Erdoğan made important statements regarding the grievances experienced by investors.
Critical Summit Planned with the Economy Management
Erdoğan stated that he will come together with his economic team and the managers of responsible institutions.
It was emphasized that all kinds of necessary steps will be taken within the rules of the capital market and the boundaries of the rule of law, guided by the collective conscience.
Fund Liquidation and Investor Status
The Capital Markets Board (SPK) had decided on September 17, 2026, to liquidate 131 funds.
This decision brought the fate of the savings of nearly 500,000 investors to the agenda.
Status of the Financial System and Legal Process
It was stated that there is no systemic risk in the financial system and that the Turkish capital market is resilient.
It was explicitly stated that individuals engaging in market-disrupting actions will be held accountable before the law.