Turkey Considers Pooling Frozen Assets to Repay Investors After $18B Fund Crisis
14 Articles
14 Articles
As part of the investigation into the Katılımevim share, legal proceedings have been initiated against 25 suspects, while 15 suspects have been taken into custody. Minister of Justice Akın Gürlek announced that efforts are underway to apprehend 10 fugitive suspects and that the financial and asset movements of managers and officials linked to 9 companies have been frozen.
The consolidation of the assets of the funds slated for liquidation into a single pool is being considered. The plan is still in its early stages, and details on how it will be implemented and which institution will manage the pool are not yet clear.
Turkish lawmaker alleges tipoff let investors exit before fund freeze - Turkish Minute
Some investors withdrew money after receiving advance warning that Turkey would freeze trading in 131 funds on September 17, leaving others to bear the losses, opposition lawmaker Deniz Yavuzyılmaz alleged Monday. The main opposition New Party lawmaker did not identify the alleged recipients of the warning or publish transaction records supporting his claim. “You were […]
It has been alleged that the assets of the 131 funds whose liquidation was decided by the Capital Markets Board (SPK) are planned to be pooled together.
Turkey is considering pooling the assets of 131 funds, whose liquidation was ordered by the Capital Markets Board (SPK) following the fund crisis that triggered investor panic last week. The article, titled "New formula in fund crisis: Assets of 131 funds may be pooled," was first published on Serbestiyet.
Coverage Details
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
