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BackAKP's Güneş asked the CMB during the fund law negotiations: 'What is the reason for your decision so late?'
AKP's Güneş asked the CMB during the fund law negotiations: 'What is the reason for your decision so late?'
Developing
Cumhuriyet1 hour agoPolitics3 min readTürkiyeView original

AKP's Güneş asked the CMB during the fund law negotiations: 'What is the reason for your decision so late?'

The Bill on Certain Investment Funds That Have Been Decided to be Liquidated is being discussed in the commission

Quick Look

  • The investment fund crisis is being discussed in the Grand National Assembly of Turkey Planning and Budget Commission.
  • Deputies demanded a Parliamentary investigation, bringing up the lack of control, grievances and allegations of political responsibility.

AI-generated summary

Why It Matters

The Grand National Assembly of Turkey Planning and Budget Commission is discussing the bill regarding the investment funds planned to be liquidated. It is stated that approximately 455 thousand citizens were affected by the funding crisis.

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The Parliamentary Planning and Budget Commission, convened under the chairmanship of AKP Samsun Deputy Mehmet Muş, is discussing the Bill on Certain Investment Funds That Have Been Decided to Liquidate. Deputies who spoke on the entire proposal touched upon the audit and investigation processes in the funding crisis.

Yeni Party Antalya Deputy Cavit Arı pointed out that events such as a fund crisis may be encountered in a place where there is no trust in justice and arbitrary and personalized judicial practices are made, and said, "If we shape the practices according to 'you' or 'me', we experienced this today, we will continue to experience different things tomorrow."

Stating that if precautions had been taken after timely warnings, so many grievances would not have occurred, Arı said, "But these were ignored, ignored and such large amounts of grievances were born. There will be no trust where the judiciary, justice and equal practices are not applied to everyone in the same way."

CHP Denizli Deputy Gülizar Biçer Karaca emphasized that a commission should be established in the Turkish Grand National Assembly regarding the developments and said, "The Turkish Grand National Assembly has an audit duty. Why is it prevented from fulfilling this duty? However, remember, the first time the ruling Justice and Development Party came to power was with the banking crisis. One of the first activities of the Justice and Development Party, which came to power after the banking crisis, in the Parliament was to establish commissions for the solution of this crisis. Then these commissions were established." "You established it. So why don't you establish it now? By establishing a commission in the Grand National Assembly of Turkey, you are preventing this Parliament from fulfilling its duty. If this commission is established in the Grand National Assembly of Turkey, the political extensions of this crisis will be revealed."

NEW Party Manisa Deputy Ahmet Vehbi Bakırlıoğlu said that there are funds that are not within the scope of liquidation but are under blockage. Stating that the victims called them, Bakırlıoğlu said, "I deposited money to the fund. The fund I deposited money into is not currently in liquidation state, but I cannot reach the unit, there is a blockage."

Reminding that around 455 thousand citizens were affected by the fund crisis, Bakırlıoğlu said, "How many fund transactions have been stopped, blocked, not liquidated, but there are currently? You came to us with a bill. I tell you from the calls I received that there is such a grievance. You say: 'There is no such grievance, no, no, no...' This is not personalization. Similar grievances have been experienced by other members of our parliament here. We may be wrong," he said.

DEM Party Mardin Deputy Kamuran Tanhan reminded Minister of Justice Akın Gürlek's statement, "When I was a prosecutor at the Istanbul Chief Public Prosecutor's Office, I conducted research on fund theft," and pointed out that the issue has been known for about two to three years. Tanhan said, "However, while the Ministry of Justice is investigating this, it does the following: It can detain, arrest and silence journalists who can help it or the judicial authorities. There is a deep blackout here as well."

Stating that a transparent investigation can be carried out by focusing on the information given by journalists and the points pointed out, and that the responsible persons can be brought to justice, Tanhan said, "Access to the accounts of those concerned, journalists or other people in the public has been blocked. Again, there is an interview of a Deputy Minister of Agriculture on this issue. He states that he deposited 100 million liras. He first says that he is the victim of this. His victimization comes from this: He deposited 100 million liras, but he was not informed about this fund." "He is not interested in the size of the money or the financial situation, and the fact that he left without notice has offended him," he said.

AKP Uşak Deputy İsmail Güneş stated that the Minister of Treasury and Finance Mehmet Şimşek made a statement on the issue on November 4, 2025, and the Financial Stability Committee made a decision in December, and said, "Let's say the CMB sees this and makes a decision on August 28. What is the reason for you to make this decision so late? Couldn't it have been done sooner? On the other hand, while these small stocks increased in value very quickly in a very short time, Borsa Istanbul likewise suspected this and took the relevant steps." Did he throw it or not?" he asked.

Noting that everyone who invests in the funds cannot be declared guilty, Güneş said, "If you have no relationship with these portfolio managers, if you have not received any inside information from them, if you entered here by chance and made money from here, this is a legal process, this does not constitute a crime. But normally, politicians and bureaucrats entering here may not be ethical, even if it is legal. Therefore, we need to be even more cautious in this respect. Our esteemed President also stated, 'No matter where this leads, we will hold everyone accountable.' It is as if those who did this will be held accountable." "You are trying to create a perception operation as if you are a member of the AK Party," he said.

What to Watch

AI outlook — possibilities, not facts

  • The request for the establishment of a commission to investigate the funding crisis will be on the agenda in the Turkish Grand National Assembly.

    Possible · Within weeks

Open Questions

  • What is the number of unliquidated funds under blockage?
  • Why didn't CMB intervene sooner?

Related Topics

This article was originally published by Cumhuriyet.

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