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suspended, and the licences of the company's senior executive Emir Münir Sarpyener, Hakan Gövdere and Hayriye Car had been revoked.