58 thousand investors' money is locked! Revolt from fund victims: 'We were devastated with our own money'

Victimization in the fund crisis that shook Turkey is growing day by day.

Approximately 58 thousand investors, whose savings are locked in the funds within Atlas Portföy, have not been able to access their money for nearly a month.

Speaking to Cumhuriyet, fund victim Murat Galip Alparslan stated that what happened affected not only investors but also hundreds of thousands of people with their families, and said, "Our lives have stopped, we have been sleepless for days. We are devastated with our own money."

The crisis, which started on September 16 and involved 131 funds, deepened with thousands of investors unable to access their savings.

Murat Galip Alparslan, one of the victims of Atlas Portföy, explained that investors invested in money market funds by trusting the supervision of public institutions and the functioning of the financial system, but today they are unable to access their own money.

SELL ORDERS WERE CANCELED, CRISIS Erupted!

Stating that the crisis deepened further on September 17, Alparslan said that although investors were given time until 13.30 for sales transactions, the orders placed between 13.30 on September 16 and 13.30 on September 17 were cancelled.

Alparslan said, "Although TEFAS gave investors time to sell, the cancellation of the orders turned the process into a complete crisis. We have not been able to access our money since that day."

“WE TRUSTED THE STATE, BUT WE CANNOT REACH OUR SAVINGS”

Drawing attention to the PPT and PSE coded money market funds within Atlas Portföy, Alparslan emphasized that investors prefer these funds as low-risk and daily cash-convertible investment instruments.

Alparslan explained the victimization they experienced with the following words:

"We entrusted our money to these funds, trusting in the supervision and functioning of the public institutions established by our state. We chose not to leave the Turkish lira. We fulfilled our obligations to the state by deducting withholding tax from our earnings. We relied on a system with a T+0 value date, that is, which can be converted into cash on the same day. However, today, we have not been able to access our own money for about a month. Our lives have been at a standstill. We have been sleepless for days. We are living in misery with our own money."

58 THOUSAND VICTIMS, HUNDREDS OF THOUSANDS AFFECTED PEOPLE!

Stating that the crisis affected not only the savings of investors but also the lives of families, Alparslan said that approximately 58 thousand people within Atlas Portföy were victims.

Alparslan said, "When we evaluate these 58 thousand people together with their families and circles of influence, the number reaches hundreds of thousands. People have become unable to sustain their lives because they cannot access their own savings."

“WE DON'T WANT OUR MONEY BACK, WE WANT OUR LIVES BACK!”

Drawing attention to the importance of the collateral negotiations carried out on behalf of Atlas Portföy, Alparslan stated that if the negotiations are concluded positively, the investors will be included in the ordinary liquidation process and get their money back.

Alparslan called on Atlas Portföy management to fulfill its responsibilities and said: