All Who Profited From Fund Scandal 'Identified': Turkish Minister
10 Articles
10 Articles
All who profited from fund scandal 'identified': Turkish minister
The scandal hit the headlines just over a month ago, with prosecutors looking into allegations of widespread market manipulation affecting the savings of some 455,000 individual investors. It has raised uncomfortable questions about who might have profited, putting pressure on President Recep Tayyip Erdogan's ruling AKP, which has lost one senior official, an ex-minister who resigned following allegations about her investment activities. On Mon…
Those who profited from fund scandal 'identified': Turkish minister
The scandal hit the headlines just over a month ago, with prosecutors looking into allegations of widespread market manipulation affecting the savings of some 455,000 individual investors. It has raised uncomfortable questions about who might have profited, putting pressure on President Recep Tayyip Erdogan's ruling AKP, which has lost one senior official following allegations about her investment activities. On Monday, the head of Turkey's SPK…
Treasury and Finance Minister Mehmet Şimşek announced that the liquidation and repayment process in the fund crisis has entered a new phase. While the interim payment process for hundreds of thousands of accounts is expected to accelerate following the enactment of the legislation in Parliament, it was stated that voluntary repayments will be requested from individuals determined to have obtained unfair gains, and that their personal assets may …
BOLD – Treasury and Finance Minister Mehmet Şimşek announced that in the fund fraud investigation, individuals and companies who earned real profits of 10 million TL or more above inflation will be called upon to voluntarily return their funds. Şimşek stated that several hundred individuals and companies will be invited, and that legal proceedings will be initiated against those who do not accept the return. Speaking on a joint broadcast of Habe…
Everyone who profited from Turkey’s fund scandal ‘identified’: minister - Turkish Minute
All people who profited from market abuses linked to Turkey’s multibillion-dollar investment fund scandal have been identified, Treasury and Finance Minister Mehmet Şimşek said Tuesday, promising to recover money and strengthen oversight. “Everyone who profited from market-disrupting activities has been identified,” Şimşek told Habertürk and Bloomberg HT, without naming those involved or providing a total. […]
Mehmet Şimşek announced a plan for interim payments of up to 1 million TL in fund liquidation and preparations for harsher sanctions against market-disrupting actions. Mehmet Şimşek: “We will increase sanctions against market-disrupting actions.” (Medyascope)
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