A Network of Administrators Ranging From Bosses to Rectors, From Former Ambassadors to Public Bureaucrats.
8 Articles
8 Articles
As seven funds worth hundreds of billions of Turkish Lira enter liquidation proceedings, attention has turned to the management, risk, and internal control teams behind these structures; 15 figures holding critical positions in the companies managing the Tera, Pusula, Hedef, Pardus, Atlas, and Bulls portfolios, including names like Emre Alkin, Namık Kemal Gökalp, and Serdar Altınbaş, have become the focus of public attention.
Tera Portfolio announced that following mass withdrawal requests reaching approximately 300 billion Turkish lira, payments were made in some funds, but payments could not continue due to transaction restrictions and blocks imposed on its Takasbank account on September 18.
Tera Portfolio managers announced that some of the numerous refund requests from investors have been fulfilled, but the payment process has been halted due to transaction restrictions imposed on accounts held at Takasbank (the Turkish clearing house). The statement emphasized that all available means are being used to ensure that rights are protected.
Economy - Tera Portfolio has released a statement on the Public Disclosure Platform (KAP) regarding fund refund requests and payment processes. Tera Portfolio announced that refund requests for its funds have turned into withdrawal requests totaling approximately 300 billion TL.
Uncertainty in the market continues as part of the "fund investigation" being conducted by the Istanbul Chief Public Prosecutor's Office. In a statement to the Public Disclosure Platform (KAP) by Tera Portfolio, the Capital Markets Board...
Tera Portfolio announced to the Public Disclosure Platform (KAP) that refund requests have exceeded 300 billion TL. The statement noted that meeting a request of this magnitude in a short time constitutes a significant operational process for financial institutions.
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