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Erdoğan: We are taking steps to pay fund investors

Photo: Habertürk

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

President Recep Tayyip Erdoğan said they are taking steps to pay fund investors as soon as possible. He said those who made unfair gains will answer before Turkish courts.

Erdoğan said they are pursuing administrative and legal processes to pay citizens' savings without burdening the public. The Capital Markets Board (SPK) had ordered the liquidation of 131 investment funds belonging to seven portfolio management companies on 17 September.

Erdoğan: We are taking steps to pay fund investors

Sources 15 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. Erdoğan: We are taking steps to pay fund investors President Recep Tayyip Erdoğan said they are taking steps to pay fund investors as soon as possible. He said those who made unfair gains will answer before Turkish courts.
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