13.11.2026 22:00
In the Fund investigation, as a result of internal audit and discussions with the TMSF and the CMB, Türkiye Sigorta AŞ determined the profit to be refunded as 1,599,887,908 TL. The company announced that it deposited the said amount into the TMSF account today and does not foresee any other refund or payment obligation.
Türkiye Sigorta AŞ stated that 1 billion 599 million 887 thousand 908 TL had been determined as profit to be refunded and that the refund amount was deposited today into the Savings Deposit Insurance Fund (TMSF) account.
STATEMENT FROM TÜRKİYE SİGORTA
A statement regarding the matter was made by Türkiye Sigorta AŞ through the Public Disclosure Platform.
The statement included the following remarks:
"As a result of the comprehensive internal audit and investigation work carried out at our Company for some time, and the negotiations held with the TMSF and the Capital Markets Board (CMB), the following matters are hereby presented to the public. As stated in our special situation disclosure dated October 7, 2026, our Company had no balance in the funds subject to liquidation as of September 30, 2026. However, the internal audit work carried out was deepened to cover 2025 as well, and it was determined that our Company invested in some of the said funds in accordance with the legislation in force at the relevant dates and our Company's investment policy, and earned profit from these investments. Although the said profit is in compliance with legislation, it has been decided, as required by our Company's ethical principles and sense of fairness and as a result of negotiations with the TMSF and the CMB, to refund it on a voluntary basis.
1 BILLION 599 MILLION LIRA REFUNDED
The refunded amount and the refund procedure were determined as a result of the negotiations with the TMSF and the CMB and based on our Company's own calculation. Accordingly, after deducting the inflation effect at the rate of (Domestic Producer Price Index + Consumer Price Index) / 2 corresponding to the investment period from the trading profit obtained from the said funds, the remaining 1 billion 599 million 887 thousand 908 TL was determined as the profit to be refunded, and the refund amount was deposited into the TMSF account today. It is anticipated that our Company has no other refund and/or payment obligation regarding the investments made in the said funds. Our Company's legal rights regarding this payment are reserved. Developments regarding the matter will continue to be shared with the public simultaneously with all our stakeholders."
TÜRKİYE SİGORTA IN FUND INVESTIGATION
Taha Çakmak, former General Manager of Türkiye Sigorta, had come to the agenda with allegations that, within the scope of the fund investigation, he directed company resources to funds affiliated with Tera Group.
Within the scope of the investigation, it emerged that Çakmak directed high-value deposits belonging to Türkiye Sigorta to investment funds managed by Tera Group and received 1 million dollars in return for these transactions. Çakmak, who was taken into custody, denied the allegations.
Gürol Sami Özer, Deputy General Manager of Türkiye Sigorta, was also taken into custody and arrested within the scope of the same investigation.
The total investment fund assets of Türkiye Sigorta and Türkiye Hayat Emeklilik reached 58.7 billion lira as of June 2026. However, the total amount transferred by the two companies to Tera funds could not be precisely determined from publicly available financial statements.
Türkiye Sigorta deposited 1 billion 599 million 887 thousand 908 TL, calculated by deducting the inflation effect from the profit it obtained in the past from the funds subject to liquidation, into the TMSF account on a voluntary basis. The Company explained that the investments complied with the legislation in force in the relevant period and its own investment policy.