Cevdet Yılmaz's Statement on the Fund Crisis: 'Investing Is Not a Crime'
13 Articles
13 Articles
Vice President Cevdet Yılmaz stated that the liquidation and repayment process regarding the fund crisis is ongoing, and that efforts are continuing to return ill-gotten gains to the system. Emphasizing that measures taken against problematic funds should not be generalized to the entire capital market, Yılmaz said that a distinction must be made between investing and manipulation and fraud.
Vice President Cevdet Yılmaz stated that measures taken regarding problematic fund processes in capital markets should not be applied to the entire market, and added that a legal regulation allowing for extraordinary liquidations is on the agenda of the Parliament.
Cevdet Yılmaz, the head of the Fund Coordination Board, described the perpetrators in the fund case as "abusers and manipulators." This description is noteworthy, especially considering Yılmaz's own statement which spoke of unjust and exorbitant profits, fraud, and illegal transactions. Yılmaz stated that the problematic funds were being liquidated and that efforts were underway to return the ill-gotten gains to the investors. This is how Cevdet…
Cevdet Yılmaz stated that administrative and judicial measures regarding the problems experienced in a certain segment of the fund markets are being implemented decisively and in a coordinated manner, adding, "Ordinary liquidations are being carried out rapidly, and legal regulations for extraordinary liquidations are on the agenda of our Parliament."
Vice President Cevdet Yılmaz announced that efforts are underway to return unjust and excessive profits to the system and pay them to investors. He emphasized the need to separate problematic funds from functioning ones, stating that those who engage in illegal activities will face the consequences.
Vice President Cevdet Yılmaz, in a statement on his social media account, noted: Capital markets are extremely important and valuable in our development process. By overcoming the problems that have arisen recently in certain funds, our capital markets will continue to move more strongly. The Fund Coordination Board, which I chair, works intensively. Administrative and judicial measures in relation to problems in a certain part of the funds mark…
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