Yılmaz Says No Treasury Funds Will Be Used for Fund Payments
22 Articles
22 Articles
Vice President Cevdet Yılmaz, in a statement to the Grand National Assembly regarding the fund investigation, said that there was no systemic risk in the financial markets. Yılmaz stated that no funds from the Treasury would be used in the liquidation process, that investor payments would be made primarily from the funds' own resources, and that priority would be given to small investors.
Breaking news... Vice President Cevdet Yılmaz briefed the Grand National Assembly on the investigation into the fund. Emphasizing that the foundations of the Turkish economy are strong, Yılmaz stated that priority will be given to small investors. He also said that Treasury funds will not be used...
Deputy President Cevdet Yılmaz informed about the funds at the General Assembly of the Assembly. Yılmaz said that the treasury resources will not be used, stating that the liquidated funds will use their own resources. Yılmaz also announced the date on which some payments of funds will be made.
Yılmaz Says No Treasury Funds Will Be Used for Fund Payments
Türkiye’s Vice President Cevdet Yılmaz said Treasury resources will not be used to cover losses arising from the liquidation of troubled investment funds, adding that payments will be financed primarily through the funds’ own assets and recovered proceeds. Speaking at the General Assembly of the Grand National Assembly of Türkiye (TBMM), Yılmaz provided an update …
The Grand National Assembly of Turkey convened under the chairmanship of Deputy Speaker Celal Adan. Deputy Speaker Adan stated that the executive branch had requested to speak on a matter outside the agenda, in accordance with the Rules of Procedure, regarding recent developments, and announced that Vice President Cevdet Yılmaz would be speaking. Vice President Yılmaz, in this context, informed the members of parliament in the General Assembly …
BOLD – Vice President Cevdet Yılmaz announced that the payment process for investors in investment funds under liquidation will begin tomorrow. Yılmaz stated that Treasury funds will not be used for payments, and that investors will be paid from resources obtained from the assets of the liquidated funds themselves. With Yılmaz's statement, new details emerged regarding the payment schedule and the source of the funds, which investors were curiou…
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