Erdoğan announces TRY 1 million investor payouts
Turkish President Recep Tayyip Erdoğan announced a payment timeline for investors affected by the crisis in the investment fund market.
Erdoğan stated that repayments of investors' principal claims of up to TRY 1 million would begin in October. The announcement marks a new stage in efforts to recover funds owed to investors whose savings are held in investment funds undergoing liquidation.
Payments are expected to be made in accordance with the established schedule and relevant legal regulations, with the TRY 1 million limit applying specifically to principal claims. The liquidation process aims to compensate affected investors, while the relevant authorities are expected to clarify payment conditions and the implementation timeline.
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