Cevdet Yılmaz's Statement on the Fund Investigation: 161 Billion TL Payments Were Made.
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Vice President Cevdet Yılmaz announced that a total of 161 billion TL has been paid to investors so far as part of the fund investigation. He stated that the amount recovered through voluntary refunds from those who obtained unfair gains has reached 33.4 billion TL, and that payments have been made to 444,987 investors, with 371,021 of them receiving the full amount of their net investment or portfolio value. Yılmaz emphasized that no funds from…
Vice President Cevdet Yılmaz stated that no Treasury or budget funds were used in payments made to investors as part of the fund investigation. He explained that three separate sources of funding were utilized for the 131 funds belonging to the 7 companies undergoing liquidation, and that the buyback and auditing efforts are ongoing.
Vice President Cevdet Yılmaz announced that nearly 161 billion Turkish Lira had been paid out in the fund investigation, and that 123 people had been arrested. Stating that preparations for a new law were nearing completion, Yılmaz sent a message of "rejuvenation" within the bureaucracy. He also said that sanctions against those who manipulated the system would be made more severe.
Vice President Cevdet Yılmaz made important statements regarding the ongoing legal process and payments related to the fund investigation during a television program he participated in. The investigation...Click here for more.
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