Business · Economy · 1 hr ago
Turkey says public funds will not cover liquidation of troubled investment funds
Turkey’s Vice President Cevdet Yılmaz says the state will not use public money to liquidate troubled investment funds.
The case involves seven companies and 131 funds, which account for 4.6 percent of all funds and include more than 455,000 investors.
Authorities have imposed measures on the companies and funds to stop the problem spreading through the wider fund market.
Investigations are continuing into suspected illegal transactions and people who made unlawful gains.
Three companies have completed ordinary liquidation, with payments made to nearly 44,000 people and 17 funds leaving the system.
Yılmaz says legal responsibilities remain in force, and authorities are examining institutions as well as individual conduct.
Unlike bank deposits, investment funds and capital markets do not have a state guarantee, so investors should not expect public compensation.
Vice President Cevdet Yılmaz said no public funds will be used to liquidate troubled investment funds.
Authorities have placed seven companies and 131 funds under measures, while investigations and judicial proceedings continue.
The funds account for 4.6 percent of all funds and 7.7 percent of the total fund portfolio, with more than 455,000 investors involved.
Three companies accepted ordinary liquidation and were liquidated as of Oct. 8, with payments made to nearly 44,000 people.
Yılmaz said capital markets and investment funds do not have a state guarantee.
- Who
- Vice President Cevdet Yılmaz announced the position. More than 455,000 investors are involved in the funds.
- What
- The government will not use public money in ordinary or extraordinary liquidation of troubled funds.
- When
- Yılmaz made the statement on Oct. 12, 2026.
- Where
- Ankara; Yılmaz spoke in a live broadcast by Anadolu Agency.
- Why
- Yılmaz said the state does not guarantee capital markets or investment funds.
This story does not have two clearly opposing sides.
Three of the seven companies were liquidated through ordinary procedures.
Yılmaz said investigations were continuing and that public funds would not be used in the liquidations.
- Companies under measures
- 7
- Funds under measures
- 131
- Share of all funds
- 4.6 percent
- Share of total fund portfolio
- 7.7 percent
- Investors involved
- More than 455,000
- Payments made
- Nearly 44,000 people
What people are saying
There will be no use of public funds in either ordinary or extraordinary liquidation
There is no state guarantee in fund markets or capital markets. In the banking system there is a state guarantee up to a certain amount, but such a guarantee does not exist in capital markets.
The problematic funds were, in a sense, placed under quarantine. Measures were imposed on seven companies and 131 funds under them
If there has been an unlawful transaction, responsibilities do not disappear
Sources
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