Business · Companies · 3 hrs ago

Türkiye fund repayments reach 97.3 billion liras for 247,839 investors

Türkiye fund repayments reach 97.3 billion liras for 247,839 investors

Türkiye has paid 97.3 billion liras to 247,839 investors across 100 funds being wound down.

The total includes 29.3 billion liras in interim payments for funds set up by Atlas, Pusula and Tera, alongside 68 billion liras paid earlier under ordinary liquidation.

The winding-down process also covers funds established by A1 Capital, Bulls, Pardus and Hedef.

178,537 investors have received their principal in full, through about 76 billion liras in cash and asset transfers.

The interim payments began after parliament passed a law on Oct.

22 and the Capital Markets Board issued rules on Oct.

27.

Investors authorities found to have made unfair and excessive gains are excluded from interim payments.

More payments will start with money market funds and prioritize investors with the smallest holdings, with payments due to continue this week.

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Communications DirectorateGovernment agency
Payments will continue this week
via Hürriyet Daily News
Investors found by authorities to have made unfair and excessive gains were excluded from interim payments
via Hürriyet Daily News