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Payouts start in 17 funds, completed in three funds

Photo: Gazete Oksijen

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

The payout process for 43,643 investors in 17 funds of A1 Capital, Bulls and Pardus began today. Bulls Portföy announced that about 1.22 billion lira had been paid to 5,142 investors in three funds whose liquidation was completed.

Ziraat Bank transferred the payment amounts for the 17 funds to banks and intermediary institutions. Vice President Cevdet Yılmaz said İşbank and Ziraat Bank had been appointed to manage 131 funds in liquidation, adding that no Treasury funds would be used for specific losses in the funds. Interim payments of up to 1 million lira are planned for funds under extraordinary liquidation.

Payouts start in 17 funds, completed in three funds

Sources 36 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. Payouts start in 17 funds, completed in three funds The payout process for 43,643 investors in 17 funds of A1 Capital, Bulls and Pardus began today. Bulls Portföy announced that about 1.22 billion lira had been paid to 5,142 investors in three funds whose liquidation was completed.
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