Türkiye Says 17 Funds Settled, Eyes Atlas Deal This Week

Cumhuriyet

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Vice President Cevdet Yılmaz stated that public funds would not be used to address the grievances in the fund scandal. Yılmaz noted that the liquidation process had been completed in some companies, and negotiations were ongoing regarding others.

sabah.com.tr

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Breaking news: Vice President Cevdet Yılmaz made important statements regarding the process known in the public as the 'fund investigation,' saying, 'Neither in ordinary liquidations nor in extraordinary liquidations is the use of public funds involved.' Yılmaz stated that small investors, in particular, have been victimized...

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Vice President Yılmaz stated that more than 455,000 investors were affected by the fund investigation, and that they envisioned payments of up to 1 million Turkish Lira to small investors in the extraordinary liquidation. Yılmaz also noted that those who received their net investment back would not be considered victims.

Karar Gazetesi

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Vice President Cevdet Yılmaz announced that discussions are ongoing regarding Atlas Portfolio as part of the fund investigation, and the process could be finalized this week. Stating that no public funds will be used in the liquidation process, Yılmaz said, "The state did not provide guarantees for these funds as it does for deposits."

anlatilaninotesi.com.tr

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Vice President Cevdet Yılmaz, emphasizing that fund audits are ongoing, stated, "There is no question of using public funds in the liquidations. The state does not provide guarantees in fund markets."