13.10.2026 18:21
The Fund Board convened for the fifth time under the chairmanship of Vice President Cevdet Yılmaz. In the statement made after the meeting, it was said, "Within the scope of the remaining 49 funds of 3 portfolio management companies, the liquidation process amounting to a total of 34.1 billion TL is targeted to be completed by the end of this week. Thus, the in-kind and cash liquidation totaling 40.5 billion TL for 45,745 people in a total of 66 separate investment funds in 3 portfolio management companies will have been completed."
While the fund investigation into suspicious transactions in capital markets continues, the Fund Board met for the fifth time under the chairmanship of Vice President Cevdet Yılmaz. At the meeting, the liquidation process regarding portfolio management companies was discussed. In the statement made, it was stated that the liquidation transactions of the remaining 49 funds belonging to 3 portfolio management companies, totaling 34.1 billion lira, are targeted to be completed by the end of this week.
FUND BOARD MET FOR THE 5TH TIME
In the statement made by the Directorate of Communications regarding the issue, the following statements were included: "The Fifth Fund Board Meeting was held under the chairmanship of our Vice President. The Ministry of Justice, the Ministry of Treasury and Finance, and the relevant institutions and organizations of these ministries participated in the meeting.
"IT IS ANTICIPATED THAT THE DRAFT LAW WILL BE DISCUSSED TOMORROW"
The Draft Law, which will ensure the implementation of the Board's previous meeting decisions, ensure that the liquidation process is carried out fairly, transparently and effectively in some investment funds decided to be liquidated by the Capital Markets Board, and provide legal assurance for payments, was submitted to the Presidency of the Grand National Assembly of Turkey on 09.10.2026. The bill is expected to be discussed at the Plan and Budget Committee of the Grand National Assembly of Turkey on 14.10.2026.
WEEKEND TARGETED FOR 34.1 BILLION LIRA
At this stage; last week, Ziraat Bank paid a total of 6.4 billion TL to 43,643 investors in funds managed by A1, Bulls and Pardus. Within the scope of the remaining 49 funds of these 3 portfolio management companies, the liquidation process totaling 34.1 billion TL is targeted to be completed by the end of this week. Thus, in-kind and cash liquidation totaling 40.5 billion TL for 45,745 people in a total of 66 separate investment funds in 3 portfolio management companies will have been completed.
On the other hand, after the bill on the agenda of the Grand National Assembly of Turkey is enacted, it is aimed to promptly complete the interim payments belonging to the other 65 funds in the liquidation process."