Minister Işıkhan's Statement on the Unemployment Fund: 'Not a Single Penny Has Been Transferred to Any fund.'
7 Articles
7 Articles
Minister of Labor and Social Security Vedat Işıkhan rejected allegations that the Unemployment Insurance Fund transferred funds to controversial funds. Arguing that the fund's resources are invested in government bonds, public banks, and Takasbank, Işıkhan stated, "Not a single penny of our funds has been transferred to any fund."
Minister of Labor and Social Security Vedat Işıkhan responded to discussions regarding the use of the Unemployment Insurance Fund. Stating that the fund's resources are invested in government domestic debt securities, public banks, and Takasbank, Işıkhan said that using the funds for speculative transactions is neither legally nor technically possible.
Minister of Labor and Social Security Vedat Işıkhan rejected allegations that Unemployment Insurance Fund resources were used in liquidated investment funds. Işıkhan stated, "Not a single penny of our funds is stuck in any fund."
Allegations have surfaced that funds from the Unemployment Insurance Fund were used in liquidated funds. When questioned about the matter, Minister of Labor and Social Security Vedat Işıkhan issued a statement. Denying the allegations, Işıkhan also listed the specific locations where the Unemployment Insurance Fund was used.
Minister of Labor and Social Security Vedat Işıkhan stated that the Unemployment Insurance Fund has no connection with the liquidated funds, and that it is legally impossible to use the fund's resources in other areas or for speculative transactions.
Minister of Labor and Social Security Vedat Işıkhan, presenting his ministry's budget to the Parliament's Planning and Budget Committee, denied allegations that Unemployment Insurance Fund revenues were being invested in investment funds. Minister Işıkhan stated, "I was explicitly asked, 'Has the Unemployment Insurance Fund been invested in any funds?' and I am answering explicitly: Not a single penny of our funds has been invested in any fund."
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