Statement on Fund Liquidation Process from Treasury and Finance Minister Mehmet Şimşek

Treasury and Finance Minister Mehmet Şimşek noted in a statement regarding the fund liquidation and payment processes that the liquidation process, divided into ordinary and extraordinary categories, is proceeding as planned. Minister Şimşek announced that a total of 40.8 billion TL has been paid to 45,747 accounts within the scope of the process, public resources will definitely not be used, and legal processes are being pursued for those who profited from market-disrupting activities.

Treasury and Finance Minister Mehmet Şimşek stated that the process in fund liquidations is progressing within the foreseen framework, noting that they have divided the liquidation process into ordinary and extraordinary. Explaining that ordinary liquidation is applied to those whose financial structures are manageable, Şimşek recorded that 131 funds and 7 portfolio management companies have been taken into liquidation, and 66 of these have been subjected to a completely normal liquidation process. Stating that the full liquidations of A1, Pardus, and Bulls companies have been completed, Şimşek reported that within this scope, 40.8 billion TL was paid to 45,747 accounts and the normal liquidation process was carried out successfully.

Minister Şimşek stated that Hedef Portfolio management company is also planned to be included in the normal liquidation process this week, while Tera, Pusula, and Atlas portfolio management companies will be subject to the extraordinary liquidation process. Emphasizing that public resources will definitely not be used during the liquidation process, Şimşek conveyed that individuals and companies generating profits from market-disrupting activities are identified in cooperation with the SDIF (TMSF), the Ministry of Justice, and the Central Registry Agency (MKK), and that a voluntary return process and legal steps are being taken for those who gained a profit of 10 million TL and above.