Politics · Turkey · 3 hrs ago
Turkey's Parliament Debates Plan to Liquidate Troubled Investment Funds
Turkey's parliament has completed debate on a bill about liquidating certain investment funds.
The funds are under investigation, and lawmakers said investors have suffered losses; some described the cases as organized fraud.
The funds have 455,758 individual investors, according to figures cited in parliament.
High inflation after 2021 led some people to put money into funds in hopes of protecting their savings, one lawmaker said.
A regulator-supervised process would identify and sell fund assets, confirm who owns fund shares, and organize payments and their order.
Officials said 66 funds had completed liquidation by 30 September 2026, with 45,747 people paid a total of 40.8 billion lira; 65 funds remained in liquidation.
The debate did not resolve how or when all investors will be paid, and some lawmakers said the bill does not provide lasting reforms to prevent similar cases.
Turkey’s parliament completed debate on a bill setting rules for liquidating certain troubled investment funds.
The proposal would place liquidation under the Capital Markets Board’s supervision and establish a unified process for assessing and selling assets and distributing payments.
Lawmakers cited 455,758 individual investors affected by the fund cases.
A lawmaker said liquidation had been completed for 66 funds, with 40.8 billion lira paid to 45,747 people.
Opposition lawmakers criticized the proposal as too limited and called for stronger oversight and measures to prevent similar cases.
- Who
- Members of Turkey’s Grand National Assembly debated the bill.
- What
- The bill sets out a framework for liquidating certain investment funds. It would give the Capital Markets Board authority to oversee the process.
- When
- October 20, 2026.
- Where
- The Grand National Assembly in Turkey.
- Why
- The proposal concerns the liquidation of certain funds amid investigations and investor losses.
Supporters of the bill
Critics of the bill
Purpose
Supporters of the bill
The proposal would put fund liquidation under Capital Markets Board supervision and coordinate asset valuation, sales and payments.
Critics of the bill
The proposal is too narrow and does not establish lasting oversight reforms to prevent future cases.
Approach
Supporters of the bill
Fund assets should be sold quickly while seeking the highest possible economic value for investors.
Critics of the bill
Lawmakers questioned how and when investors would be paid and called for transparent, independent supervision.
The Capital Markets Board issued a decision concerning the liquidation of investment funds.
The Grand National Assembly completed debate on the bill’s general provisions.
A lawmaker said 66 fund liquidations had been completed and 40.8 billion lira paid to 45,747 people.
- Affected investors
- 455,758 individual people
- Completed liquidations
- 66 funds
- Payments reported
- 40.8 billion lira to 45,747 people
- Funds still in liquidation
- 65, down from 131
- Proposed oversight
- Capital Markets Board supervision of liquidation process
3 sources
What people are saying
The main criterion in selling fund assets is to obtain the highest possible economic value while completing the process quickly and taking the common interests of fund shareholders into account.
The answers to these questions are not in this bill.
So far, I regret to say, there is no will to resolve this, and there will be serious grievances.
To whom, on what calculation and on what schedule will you pay the collected money?