The statement of Alper Öztürk, who was arrested within the scope of the fund investigation, has been revealed.
While answering questions about the role of funds in Vişne Madencilik and Destek Faktoring public offerings, Öztürk said that fund management is "just a formality on paper".
"MY FUND MANAGEMENT WAS JUST A FORMALITY ON PAPER"
Öztürk stated that he started working as general manager and board member at Tera PYŞ in October 2022 and said, "First of all, I created a qualified staff at Tera PYŞ. I established and strengthened the risk management, audit, research, portfolio management, internal control and operations departments and recruited qualified personnel."
Regarding his managerial capacity in the funds, Öztürk said, "Due to the total number of company employees in the establishment of Tera PYŞ funds was 4, the managerial capacity in the funds required me to be in the managerial position, as the number of managers in the funds was low and there had to be at least one portfolio manager."
"I DO NOT HAVE ANY PURCHASING, SELLING OR TRANSACTION INITIATIVES IN VİMNE SHARES"
Asked about the role of Tera funds in the public offering of Vişne Madencilik, Öztürk said that the public offering was carried out by Tera Yatırım Menkul Değerler A.Ş. Stating that it was made by IPO, he said, "In this public offering, Tera Yatırım Menkul Değerler A.Ş. made a request to buy Vişne shares from the first hedge fund, and Tera Yatırım Menkul Değerler A.Ş. allocated Vişne shares at the end of the public offering as it deemed appropriate."
Arguing that the fund management does not belong to him in terms of actual decision-making, Öztürk said, "Although I appear to be one of the first hedge fund managers of Tera, the purchase in question was made by the other manager, Ayşegül Kaya, in the amount allocated by Tera Menkul Değerler A.Ş."
Öztürk stated that Ayşegül Kaya could not make this decision alone and said, "Of course, this is not a decision that Ayşegül Kaya made on her own, it is not possible for Ayşegül Kaya to make such a decision. This decision is a decision made by the senior managers of the controlling partner and is a reflection of the will of the controlling partner."
Stating that he did not make any transactions after the share started to be traded, Öztürk said, "I personally do not have any buying, selling or transaction initiative in the relevant share since the date it was offered to the public and started to be traded." Stating that he warned the company's employees to be careful about secondary market transactions after purchasing Vişne shares, Öztürk said, "I was worried about being contacted because I appeared to be the fund manager.
"I warned all employees within PYŞ management, especially the portfolio manager," he said.
Öztürk stated that the transactions in question were examined by the Capital Markets Board and administrative fines were imposed, and said, "As a manager, the request for defense from our company PYŞ regarding the Vişne share market transactions by the Capital Markets Board disturbed me, and due to this discomfort, I decided to leave all portfolio manager positions in PYŞ."
"I THINK THE TRANSACTIONS AT DESTEK FAKTORING ARE PERFORMED IN THIS WAY"
Answering the question about the role of Tera funds in Destek Faktoring's public offering, Öztürk said, "In this public offering, Tera Portföy made a request to buy Destek Faktoring shares from the first hedge fund, and Tera Yatırım Menkul Değerler A.Ş. allocated Destek shares at the end of the public offering as it deemed appropriate."
Öztürk stated that being a fund manager was just a formality for him in the purchase of Destek Faktoring shares and said, "Although it appears that I am one of the managers of this fund, the purchase in question may have been made by the other manager, Ayşegül Kaya, in the amount allocated by Tera Menkul Değerler A.Ş."
"IT MAY BE WITH THE REFLECTION OF THE WILL OF THE DOMINANT PARTNER"
Saying that it is not possible for Ayşegül Kaya to make this decision on her own, Öztürk said, "This decision is only made by the top managers of the controlling partner and can be made with the reflection of the will of the controlling partner. I think that the transactions in this fund are carried out in this way. Because I do not have direct knowledge of how the events developed in this share purchase. I am expressing it because I think it may work like this."
Öztürk stated that he did not make any transactions in Destek Faktoring shares after the public offering and said, "I have not personally had any buying, selling or transaction initiative in the relevant share since the date it was offered to the public and started to be traded. Regarding this, there is no investigation involving me by the Capital Markets Board."
"I DO NOT ACCEPT ANY OF THE ACCUSES"
