227 billion lira withdrawn day before fund liquidation

Published 5 Oct, 11:35 Photo: BirGün

Latest in the series İsmail Saymaz, Murat Ağırel and Şaban Sevinç to testify in fund probe 8 Oct, 22:38

According to data shared by economist Sabri Oncu, about 227 billion lira was withdrawn from 650 accounts a day before the liquidation decision for 131 funds.

On Sept. 17, a liquidation decision was taken for 131 funds of 7 portfolio management companies over alleged manipulative transactions. According to the data, the funds' total value fell that day from 349.6 billion lira to 122.5 billion lira. The average withdrawal per account was about 350 million lira.

227 billion lira withdrawn day before fund liquidation

Fund Investigation News Series

Where it began 16 Sept 2026 Tera Portföy declares default in two funds, payment periods extended in six funds

8 Oct 2026 22:38 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.
8 Oct 2026 20:40 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.
8 Oct 2026 16:40 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).
8 Oct 2026 16:40 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5 Oct 2026 11:35 227 billion lira withdrawn day before fund liquidation According to data shared by economist Sabri Oncu, about 227 billion lira was withdrawn from 650 accounts a day before the liquidation decision for 131 funds.