Politics · Turkey · 3 hrs ago
Yılmaz says no public funds will be used to wind down closed funds
Turkey’s Vice President Cevdet Yılmaz has given an update on the winding-down of funds under investigation.
He said 131 funds are involved, equal to 4.6% of all funds.
Seventeen of the 131 have exited, and three were wound down through normal procedures with all payments made.
Yılmaz said no public money is being used in the winding-down process.
The closed funds will be handled according to their individual circumstances.
Talks over the Atlas fund are continuing, and Yılmaz said there could be an update this week.
Reviews of companies and people involved have begun, while the judicial process is ongoing.
Deputy President Cevdet Yılmaz said no public funds are being used to wind down closed funds.
He said 131 funds make up 4.6% of all funds, and 17 of them have exited.
Three funds were liquidated under normal conditions, with all payments completed.
Yılmaz said the closed funds will be wound down according to their own characteristics.
Negotiations concerning Atlas are continuing, and Yılmaz said a decision on normal liquidation could come this week.
- Who
- Deputy President Cevdet Yılmaz.
- What
- He said public funds are not being used to wind down closed funds.
- When
- The interview was reported on October 12, 2026.
- Where
- Not stated.
- Why
- Not stated.
This story does not have two clearly opposing sides.
Public funds are not being used in the liquidation processes
Closed funds will be liquidated according to their own characteristics
The 131 funds make up 4.6% of all funds
Negotiations concerning Atlas are continuing; normal liquidation is possible, and it may become clear this week
This story does not have a timeline yet.
- Funds under discussion
- 131
- Share of all funds
- 4.6%
- Funds that have exited
- 17
- Funds liquidated under normal conditions
- 3
- Atlas
- Negotiations are continuing
Sources
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