Vice President Cevdet Yılmaz provided information on the process for meeting the claims of rights holders in investment funds that have been placed under liquidation. Speaking on TRT Haber, Yılmaz stated that no resources from the public budget or the treasury were used for the interim payments.
Yılmaz noted that the problems became visible with the fund guide published by the Capital Markets Board (SPK) on August 28, and stated that a total of 131 funds belonging to 7 companies were taken into the liquidation process within this scope. Emphasizing that the process is being carried out in a way that protects investor rights, Yılmaz noted that not harming the functioning of capital markets is also among the priorities.
VOLUNTARY REPAYMENTS REACHED 33.4 BILLION TL
Providing information on the resources used in the liquidation process, Yılmaz announced that the amount recovered through voluntary repayments has risen to 33.4 billion TL. Yılmaz said, "Voluntary repayments have reached 33.4 billion TL. But these figures are constantly changing, of course. As collections are made, additions are coming in."
Stating that three main sources are used for repayments, Yılmaz listed them as the assets of the liquidated funds themselves, voluntary repayments, and assets seized within the scope of judicial processes. He said that the amounts obtained within the scope of voluntary repayment are transferred to accounts created within the Savings Deposit Insurance Fund (TMSF), and that a separate account is opened for each fund.
According to the information provided by Yılmaz, as of Friday, interim payments were made to 444,987 different investors in the extraordinary liquidation process. The number of investors who have not yet received payments was announced as 10,771. Those who have not received payments include those with a net investment amount of zero, those in funds that have not yet reached the payment stage, and individuals considered to have obtained exorbitant profits.
Stating that 371,021 people received their entire net investment amount or portfolio value in the interim payments, Yılmaz expressed that the final settlement will be made when the liquidation process is completed. He reported that all payments have been completed in 94 of the 97 funds subject to ordinary liquidation, and that only 3 funds remain.
Yılmaz said that small investors and money market funds were prioritized in investor payments. Stating that it is aimed to make interim payments of up to 1 million TL to investors within the framework provided by law, Yılmaz mentioned that this limit can be exceeded in some funds where resources are available, and that in funds where resources are limited, they started with low-amount claims.
Emphasizing that no public resources were used, Yılmaz used the expressions, "To date, not a single lira from the budget or the treasury has been used in all these interim payments." Yılmaz stated that the resources to be provided from the funds' own assets, voluntary repayments, and seized assets will be directed to investor claims.
Stating that decisions were taken at the meeting held under the chairmanship of President Recep Tayyip Erdoğan following the developments regarding the funds, Yılmaz said that the State Supervisory Council continues its examinations in the relevant institutions. Stating that investigation processes have been initiated against public officials whose responsibility has been determined, Yılmaz reported that the Fund Coordination Board, which he chairs, also continues its work.
Fuente de la noticia: 12punto
