Deniz, President of the Federation of Consumer Associations, Replied: Will the Public Pay the Bill for Those Who Took Billions in the Fund?
4 Articles
4 Articles
The President of the Consumers Union Federation, Av. Mehmet Bülent Deniz, said that the economic consequences of the fund crisis, which affected 131 funds and 455 thousand 758 investors, spread throughout society. “The government should explain how the government will take measures so that the bill for this business is not paid to 85 million,” Deniz said, noting the rise in the risk premium and rising costs.
Deputy Speaker of the Turkish Grand National Assembly, Yusuf Beyazıt, announced that not a single penny will be paid from the state budget to the victims of the fund fraud. However, it remains unclear whether sufficient funds will be available to cover all the investors' claims. If the fund assets and the money to be collected from those responsible are insufficient without treasury support, the losses will fall on the investors. THE BILL WILL B…
"(Regarding the fund investigation) Not a single penny of the state's money will go there. The money will be entirely used to recover and repay the funds belonging to the people involved in this manipulation."
Yusuf Beyazıt, Deputy Speaker of the Grand National Assembly of Turkey (TBMM) and AK Party Member of Parliament for Tokat, stated, "There is absolutely no question of covering up this incident. Not a single penny has been given from the state, and never will be. Whoever engages in manipulation and fraud will face the appropriate legal consequences."
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