Politics · Turkey · 10 hrs ago
Turkey plans October principal repayments of up to 1 million lira to investors
After a cabinet meeting in Turkey, President Recep Tayyip Erdoğan spoke about an investigation into a fund and steps to address the issue.
He said legal action had been taken against 282 people.
The government has prepared a bill and submitted it to parliament for consideration.
If parliament passes it, principal repayments of up to 1 million lira to investors will begin in October.
The payment plan matters to investors affected by the fund issue, though no further details about the fund or the people involved were given.
The next step is for parliament to consider the bill.
President Recep Tayyip Erdoğan said principal repayments of up to 1 million lira to investors would begin in October if Parliament passes the bill.
Erdoğan said 282 people had faced legal action in connection with the fund investigation.
He said the government had assigned the State Supervisory Council and established a Fund Coordination Board.
A bill on measures requiring legal changes had been submitted to Parliament.
- Who
- Investors are due to receive principal repayments; Erdoğan announced the plan.
- What
- Repayments of up to 1 million lira are planned.
- When
- October, if Parliament passes the bill.
- Where
- Turkey.
- Why
- The payments are part of steps to address the fund issue.
This story does not have two clearly opposing sides.
The government took steps to address the fund issue, including assigning the State Supervisory Council and establishing a Fund Coordination Board.
Principal repayments of up to 1 million lira to investors are due to begin.
- Maximum repayment
- 1 million lira
- Planned start
- October
- Legal action
- 282 people
- Bill status
- Submitted to Parliament for consideration
What people are saying
With the passage of the bill by Parliament, principal payments of up to 1 million lira to investors will begin in October.
Sources
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