Business · Companies · 1 hr ago

Liquidation fund repayments reach 161 billion liras

Liquidation fund repayments reach 161 billion liras

Türkiye has made about 161 billion liras in repayments to investors in 119 funds being liquidated.

The payments, made in cash and assets, have covered 444,893 investors.

Of those, 333,493 have received their full net investment through interim payments.

Payments from funds under extraordinary liquidation began on Oct.

30, after parliament adopted legislation and the Capital Markets Board set payment rules.

Legal cases continue against people accused of unfair gains from activities that disrupted markets, and they are excluded from interim payments.

Checks involve the Justice Ministry, the Savings Deposit Insurance Fund and the Financial Crimes Investigation Board.

Further interim payments will continue under the coordination of the institutions overseeing the liquidations, with the aim of reaching as many investors as possible.

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