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Treasury and Finance Minister Şimşek's Statement on the Fund Crisis
Treasury and Finance Minister Mehmet Şimşek announced that individuals who profited by participating in market-disrupting activities during the fund crisis have been identified, and a list of names has been submitted to the Savings Deposit Insurance Fund (TMSF) and the Ministry of Justice.
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Current Affairs
Economy
Mehmet Şimşek's Statement on Fund Liquidation: Legal Process Warning for Earnings Above 10 Million TL
Minister of Treasury and Finance Mehmet Şimşek announced that legal proceedings will be initiated if individuals who made a profit of 10 million TL or more do not return the money during the liquidation process of troubled funds.
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Current Affairs
Economy
Draft Law on Investment Funds Decided to be Liquidated on Parliament's Agenda
Following a break in the Turkish Red Crescent Draft Law at the General Assembly of the Parliament, the regulation regarding investment funds planned for liquidation has been moved forward. The new proposal defines the liquidation processes under the supervision of the CMB and the principles for interim payments to be made to investors.
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Economy
Politics
Sixth Fund Board Meeting Statement: 40.8 Billion Lira Transaction Completed
The Presidency's Directorate of Communications announced that following the Sixth Fund Board Meeting, in-kind and cash liquidation transactions totaling approximately 40.8 billion TL have been completed through Ziraat Bank for over 45,000 individuals across 66 investment funds.
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Economy
Politics
Bill for Investment Funds Decided to Be Liquidated is in Parliament
A new bill regarding investment funds whose liquidation has been decided is being addressed in the General Assembly of the Turkish Grand National Assembly. With the regulation, intermediate payments will be made according to the net investment amount.
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Economy
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