TL 161 billion paid to investors in 119 liquidated funds
Türkiye's Directorate of Communications released updated figures on the investment fund liquidation process following the 10th meeting of the Fund Coordination Board.
According to the statement, approximately TL 161 billion in cash and in-kind payments has been distributed to 444,893 individual investors across 119 funds undergoing ordinary and extraordinary liquidation procedures. As part of the interim payments, 333,493 investors have recovered their entire net invested capital. Payments initiated under Law No. 7596, adopted by the Turkish Grand National Assembly, and the Capital Markets Board's (CMB) decision dated October 27 were reported to be continuing as of November 13.
The statement noted that individuals found to have obtained unfair and excessive profits through market-disruptive activities, based on investigations conducted by the Ministry of Justice, the Savings Deposit Insurance Fund (TMSF), and the Financial Crimes Investigation Board (MASAK), were excluded from interim payments. Legal proceedings against these individuals remain ongoing, while additional interim payments to investors affected by the fund liquidations will continue in the coming period. The Fund Coordination Board announced that payments would be carried out in coordination with the relevant institutions to ensure that they reach as many eligible investors as possible.