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Cevdet Yılmaz on fund crisis: temporary problem, no structural issue

Photo: Ekonomim

Latest in the series Capital Markets Board says cancelled fund orders will be paid

Vice President Cevdet Yılmaz said the fund crisis was a temporary problem emerging in a limited area and there was no structural problem. He said the necessary administrative and judicial measures had been taken.

Yılmaz spoke at the 27th Business World Summit organised by TÜRKONFED in Elazığ. Yılmaz, who said macroeconomic fundamentals were solid, stated that once the problem is overcome capital markets will continue stronger than before.

Cevdet Yılmaz on fund crisis: temporary problem, no structural issue

Sources 3 sources

Source spectrum State State Pro-government Pro-gov Independent Indep. Opposition Opp. Foreign Foreign
Haber72nd to publish the story26 Sept, 12:10 Cevdet Yılmaz'dan "Fon krizi" açıklaması! Geçici bir sorun, yapısal bir sorun yok EkonomimFirst to publish the story26 Sept, 11:25 Cevdet Yılmaz, fon kriziyle ilgili konuştu: Geçici bir sorun, yapısal bir sorunla karşı karşıya değiliz Artı Gerçek3rd to publish the story26 Sept, 13:05 Cevdet Yılmaz'dan süreç ve fon krizi açıklaması

Fund Investigation News Series

Where it began Hedef Holding Chairman Namık Kemal Gökalp detained

  1. Capital Markets Board says cancelled fund orders will be paid The Capital Markets Board (SPK) said holders of buy and sell orders sent to the fund trading platform (TEFAS) on 17 September and cancelled by the platform in funds subject to liquidation will be paid from the liquidation balance in proportion to their unit ownership.
  2. Asset freezes on 106 people and entities lifted in fund probe Asset freezes on 42 individuals, 46 companies and 18 funds were lifted in the fund investigation led by the Istanbul Chief Public Prosecutor's Office. The decision covers 106 people and entities in total.
  3. Asset freeze imposed on Feridun Geçgel and Enver Geçgel In the Istanbul Chief Public Prosecutor's Office fund investigation, asset restraint was imposed on the assets of Astor Enerji executives Feridun Geçgel and Enver Geçgel. It was not confirmed that a separate restraint order was issued concerning Astor Enerji.
  4. Melis Sandal gets travel ban in fund probe Melis Sandal received a foreign travel ban and a precautionary measure was placed on her assets as part of the fund investigation. Journalist Yiğit Uzun claimed Sandal withdrew about 11 billion lira (TL) from the liquidated funds.
  5. Cevdet Yılmaz on fund crisis: temporary problem, no structural issue Vice President Cevdet Yılmaz said the fund crisis was a temporary problem emerging in a limited area and there was no structural problem. He said the necessary administrative and judicial measures had been taken.
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