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Fund wind-down bill foresees payment to 350,000 investors this month

Photo: NTV

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

AK Party lawmakers have prepared a 10-article fund liquidation bill expected to be submitted to the Turkish Grand National Assembly (TBMM) speakership in the coming days. The bill foresees payment this month to 350,000 investors.

A working group was formed in the AK Party's Turkish Grand National Assembly (TBMM) group under Group Chair Abdullah Güler. The bill covers the liquidation of assets of up to 1 million lira held by 455,578 investors. Under the payment plan reported by Diken, those with higher claims would be paid in later stages, with investors receiving an inflation adjustment along with their principal.

Fund wind-down bill foresees payment to 350,000 investors this month

Sources 27 sources

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. Fund wind-down bill foresees payment to 350,000 investors this month AK Party lawmakers have prepared a 10-article fund liquidation bill expected to be submitted to the Turkish Grand National Assembly (TBMM) speakership in the coming days. The bill foresees payment this month to 350,000 investors.
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