06.11.2026 20:00
Vice President Cevdet Yılmaz made important statements regarding the fund investigation on Turkey's agenda. Stating that a total of 130 billion TL has been paid to 420 thousand investors so far, Vice President Cevdet Yılmaz announced that preparations are ongoing for a new payment on November 13.
Vice President Cevdet Yılmaz made a statement regarding the new payment schedule awaited by investors in the fund investigation. Vice President Cevdet Yılmaz, while stating that preparations for a new payment continue on November 13, also announced the latest figures regarding the liquidation process and judicial investigation.
NEW PAYMENT PLANNED FOR NOVEMBER 13
Vice President Cevdet Yılmaz announced that a new stage will be entered in payments to investors within the scope of the fund investigation. After the payments made previously, eyes turned to Friday, November 13. Vice President Cevdet Yılmaz used the following statements regarding the new payment schedule: "Preparations are being made for a new payment on November 13. I can say that a significant amount of payment will be made next Friday. Payments will go from the lowest to the highest."
130 BILLION TL PAID TO 420 THOUSAND INVESTORS
Vice President Cevdet Yılmaz also announced the size of the payments made to date within the scope of the fund investigation. Vice President Cevdet Yılmaz said, "In total, 420 thousand investors received payments. A total of 130 billion TL was paid to investors." Also conveying details regarding the liquidation process, Vice President Cevdet Yılmaz stated that 4 out of 7 companies entered the ordinary liquidation process, and within this scope, 55 thousand 801 investors were paid 55.4 billion TL. Stating that the ordinary liquidation process has largely been completed, Vice President Cevdet Yılmaz reported that within the scope of extraordinary liquidation, 3 companies remain: Tera, Pusula and Atlas.
LIMIT IN INTERIM PAYMENTS IS 1 MILLION TL
Also touching on the calculation method of payments to be made to investors, Vice President Cevdet Yılmaz explained that transactions are carried out through Central Registry Agency (MKK) records. Vice President Cevdet Yılmaz, who was a guest on NTV, said the following regarding the payment process: "The process requires sensitivity. Payments are made based on the net investment amount. This is done through MKK records. All transactions are in the records. Within that framework, payments are being made soundly. What we are doing now is an interim payment. The limit for that payment is 1 million TL. After the interim payment, final reconciliation will begin."
QUARANTINE PRACTICE FOR 131 FUNDS
Emphasizing that the fund investigation does not cover the entire capital market, Vice President Cevdet Yılmaz stated that the problems are concentrated in certain funds. He explained that with the decisions taken on September 17 by the Financial Stability Committee chaired by Minister of Treasury and Finance Mehmet Şimşek, a special practice was launched for 131 funds. Vice President Cevdet Yılmaz used the following statements on the matter: "The problem is only in certain funds. We see that manipulation and market fraud were carried out in problematic funds. We see that unlawful and unethical gains were obtained. The Financial Stability Committee chaired by Minister Şimşek made certain decisions on September 17. There is a practice for 131 funds that we can call quarantine. The process has been progressing since that day."
113 OF 444 SUSPECTS ARRESTED
The scope of the judicial investigation into transactions carried out in the funds has also expanded. Vice President Cevdet Yılmaz stated that 113 of 444 suspects were arrested. Explaining that the prices of some stocks were raised through manipulation and that loans were used based on artificial values created, Yılmaz said that the Capital Markets Board continues its investigations. Stating that the number of stocks investigated by the CMB could reach 50, Vice President Cevdet Yılmaz noted that criminal complaints were filed after the investigations were completed.
PREPARATIONS FOR NEW LAW HAVE STARTED
The Vice President also announced that a new legal regulation regarding capital markets is being prepared to prevent similar incidents from happening again. Vice President Cevdet Yılmaz used the following statements regarding the preparations: "We are preparing a new law containing structural regulations so that similar incidents do not happen again. I think the draft law will largely take shape by next week. We will send it to Parliament. It will be evaluated in Parliament. This law will give more strength to capital markets. Our capital markets will be stronger than before."