Cevdet Yılmaz: Measures against problematic funds are being implemented decisively

Vice President Cevdet Yılmaz made a statement regarding the issues experienced in certain funds within capital markets, announcing that administrative and judicial measures are being implemented in coordination.

Vice President Cevdet Yılmaz made evaluations regarding the recent problems experienced in certain funds in capital markets. Stating that the Fund Coordination Board continues its work, Yılmaz announced that administrative and judicial measures regarding problematic funds are being implemented in coordination, and routine liquidations are being carried out swiftly. Noting that the necessary legal regulations for extraordinary liquidation are on the agenda of the Parliament, Yılmaz emphasized that intensive efforts are being made to recover unfair and exorbitant gains back into the system and pay them to investors.

Criticizing the presentation of measures taken against problematic funds as if they targeted all capital markets and funds operating in compliance with rules, Yılmaz stated that funds operating in compliance with rules constitute more than 90 percent of the market. Yılmaz stated that investing in stocks and other instruments in capital markets is not a crime, but on the contrary, it is among the supported policies. Emphasizing that unlawful actions such as disrupting the market, fraud, and manipulation are crimes, Yılmaz noted that those who violate the rules must bear the consequences.