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Capital Markets Board orders interim payments of up to 1 million lira in liquidated funds

Photo: Ekonomim

Latest in the series Erdin Ozel and Emir Munir Sarpyener arrested in fund probe

The Capital Markets Board (SPK) decided that investors will receive interim payments of up to 1 million lira from the funds of Tera, Pusula, Atlas and Hedef Portföy in liquidation, without waiting for final liquidation.

Payments will be made to unit holders whose reconciliation is complete, starting with money market funds.

Tera Yatırım Menkul Değerler's activities had previously been temporarily suspended, and the licences of the company's senior executive Emir Münir Sarpyener, Hakan Gövdere and Hayriye Car had been revoked.

Capital Markets Board orders interim payments of up to 1 million lira in liquidated funds

Sources 28 sources

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TRT Haber2 articles · 6th to publish the story1 Oct, 07:31 SPK'den tasfiye sürecindeki fonların yatırımcılarına ara ödeme kararı Anadolu Ajansı3 articles · 22nd to publish the story1 Oct, 15:05 SPK'den tasfiye sürecindeki fonlarda yapılacak ara ödemelere ilişkin yeni duyuru Hürriyet2 articles · 3rd to publish the story1 Oct, 19:12 Bakan Şimşek: Sorunlu portföy yönetim şirketlerini ve ilgili fonları karantinaya aldık Habertürk5th to publish the story1 Oct, 07:27 Tasfiye edilen fonlarda ara ödeme yapılacak +7 +8 Habertürk · 5th to publish the story Star · 10th to publish the story Türkiye Gazetesi · 12th to publish the story Haber7 · 13th to publish the story Milat · 20th to publish the story Takvim · 25th to publish the story DHA Yeni Akit · 26th to publish the story Ekonomim2 articles · First to publish the story1 Oct, 13:52 Şimşek’ten 'sorunlu fon' açıklaması: Yatırımcılara en yüksek düzeyde ödeme için çalışıyoruz Dünya2 articles · 2nd to publish the story1 Oct, 13:44 Bakan Şimşek’ten yatırımcılara net mesaj: Gerekli adımlar atılıyor +4 +5 Dünya · 2nd to publish the story Diken · 14th to publish the story Gazete Oksijen · 17th to publish the story Kısa Dalga · 21st to publish the story Serbestiyet · 23rd to publish the story Halk TV2 articles · 4th to publish the story1 Oct, 13:50 Son dakika | Mehmet Şimşek'ten fon mağdurlarına ödeme açıklaması Sözcü7th to publish the story1 Oct, 07:39 Tasfiye edilen fonlarda ara ödeme yapılacak +7 +8 Sözcü · 7th to publish the story Yeniçağ · 9th to publish the story Oda TV · 11th to publish the story Nefes · 15th to publish the story BirGün · 8th to publish the story Evrensel · 19th to publish the story ANKA Haber Ajansı soL Haber · 16th to publish the story Euronews Türkçe (FR)18th to publish the story1 Oct, 08:24 SPK'dan tasfiye fonlarında ara ödeme kararı: Yatırımcıya 1 milyon TL'ye kadar ödeme Independent Türkçe (GB)2 articles · 24th to publish the story1 Oct, 13:59 Mehmet Şimşek: Yatırımcılara mümkün olan en kısa sürede ve en yüksek düzeyde ödeme yapılabilmesi için adımlar atılıyor

Fund Investigation News Series

Where it began Tera Portföy declares default in two funds, payment periods extended in six funds

  1. Erdin Ozel and Emir Munir Sarpyener arrested in fund probe Tera Portfolio Board Chairman Erdin Ozel and Tera Investment CEO Emir Munir Sarpyener were arrested in the fund investigation. The number of arrested suspects in the probe rose to 58.
  2. Treasury bonds in Tera funds put up for sale Treasury bonds in Tera Portföy funds are being put up for sale under the liquidation decision of the Capital Markets Board (SPK).
  3. Şimşek: troubled portfolio managers and funds quarantined Turkish Treasury and Finance Minister Mehmet Şimşek said troubled portfolio management companies and related funds had been quarantined, and a liquidation and resolution process had begun.
  4. Turkish savings fund exercises rights over 99.99% stake in bank The Savings Deposit Insurance Fund (TMSF) decided to exercise shareholder rights, excluding dividends, attached to Destek Finans Faktoring's 99.99% stake in Destek Yatırım Bankası. The company's board members and general manager were dismissed.
  5. Capital Markets Board orders interim payments of up to 1 million lira in liquidated funds The Capital Markets Board (SPK) decided that investors will receive interim payments of up to 1 million lira from the funds of Tera, Pusula, Atlas and Hedef Portföy in liquidation, without waiting for final liquidation.
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