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Capital Markets Board opens refund accounts for excessive fund gains

Photo: Yeni Şafak

Latest in the series İsmail Saymaz, Murat Ağırel and Şaban Sevinç to testify in fund probe

The Capital Markets Board (SPK) has opened 'Voluntary Repayment Accounts' so that those who earned excessive profits in liquidated investment funds can return the money.

The board announced the accounts were opened with Birleşik Fon Bankası in the name of the Savings Deposit Insurance Fund (TMSF), and that deposits will be transferred to Ziraat Bank and Türkiye İş Bankası for payment to shareholders of the liquidated fund. The funds belong to seven portfolio management companies that had been placed under liquidation on 17 September.

Capital Markets Board opens refund accounts for excessive fund gains

Sources 9 sources

Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
+3: Star, DHA and Haber7 +4: Yeni Şafak, Star, DHA and Haber7

Fund Investigation News Series

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

  1. İsmail Saymaz, Murat Ağırel and Şaban Sevinç to testify in fund probe Istanbul's Chief Public Prosecutor's Office ordered journalists İsmail Saymaz, Murat Ağırel and Şaban Sevinç to give statements as suspects as part of its fund investigation.
  2. Fund crisis inquiry motions rejected by AK Party and MHP votes Yeni Yol, CHP, İYİ Party and DEM Party's Turkish Grand National Assembly (TBMM) inquiry motions on the fund crisis were rejected by votes from AK Party and MHP lawmakers.
  3. 10-article bill on liquidation of 131 funds due in Turkish parliament next week A 10-article interim bill for the 131 funds placed under liquidation is planned to go to the Turkish Grand National Assembly (TBMM) next week. The funds total about 1 trillion lira (TL).
  4. YENİ Party's Ümit Özlale names two ministers in fund crisis YENİ Party İzmir deputy Ümit Özlale called on Turkish Trade Minister Ömer Bolat and Turkish Family and Social Services Minister Mahinur Özdemir Göktaş to disclose fund transactions.
  5. Capital Markets Board opens refund accounts for excessive fund gains The Capital Markets Board (SPK) has opened 'Voluntary Repayment Accounts' so that those who earned excessive profits in liquidated investment funds can return the money.
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