The first interim payment for funds in the liquidation process begins today

Under the chairmanship of Vice President Cevdet Yılmaz; The schedule decided at the Fund Coordination Board Meeting, held with the participation of the Ministry of Justice, the Ministry of Treasury and Finance and relevant institutions, started to work.

Within the framework of the "Law No. 7596 on Certain Investment Funds Decided to be Liquidated", which was enacted to protect the rights of investors, and the principles determined by the CMB, the first interim payments for the funds within the scope of extraordinary liquidation are being transferred to the beneficiaries today. Refunds are carried out securely and transparently through accounts established at the Savings Deposit Insurance Fund (TMSF).

As a result of the meticulous work carried out, the number of funds in the liquidation process was reduced from 131 to 38. To date, a total of 68 billion lira liquidation payments, both in kind and in cash, have been made to 71 thousand 899 eligible accounts.

Within the scope of the process, the transactions of 27 of the 31 funds belonging to Hedef Portföy Yönetimi A.Ş. were largely completed and 27.2 billion liras were paid to 26 thousand 152 accounts. It was reported that the liquidation efforts for the remaining 4 funds are continuing rapidly.

While the payments are delivered to the beneficiaries, the judicial and financial aspects of the process are followed with determination. Financial Crimes Investigation Board (MASAK); It continues its multifaceted international investigations on the companies subject to investigation, persons suspected of manipulation, suspicious transactions and real beneficiaries of the funds.

The new legal regulation, which was prepared to prevent similar grievances and structural problems in the markets, came to an end. It was announced that the new draft Law Proposal, which was developed with the opinions of the sector stakeholders, would be submitted to the Grand National Assembly of Turkey (TBMM) immediately after the completion of the technical studies.

Source: TRT Haber Ekonomi RSS (Open Press / Translated Full Text)