Cevdet Yılmaz's Fund Market Statement: Unjust Gains Will Return to Investors

Stating that capital markets are of critical importance in the development process, Vice President Cevdet Yılmaz noted that administrative and judicial measures are being resolutely implemented to overcome problems that have emerged in certain funds.

Stating that the Fund Coordination Board, which he chairs, is carrying out intensive work, Vice President Cevdet Yılmaz expressed that ordinary liquidations regarding problems experienced in a certain section of the fund markets are being carried out rapidly, and legal regulations for extraordinary liquidation processes are on the agenda of the Parliament.

Conveying that multi-faceted efforts are being carried out to recover these amounts from those who obtained unfair and exorbitant gains back into the system and to pay them to investors, Yılmaz emphasized that it is wrong for the measures taken against exploiters and manipulators to cast suspicion on all capital markets. Yılmaz noted that investing in capital instruments is not a crime, and that market manipulation and fraud through unlawful transactions constitute a crime.