President Erdoğan: Those who make unfair profits from the funds will be held accountable before the law

Emphasizing that necessary investigations have been carried out against those who made unfair profits through both funds and stocks, President Erdoğan said, "Those who are found to have engaged in market-distorting actions through funds will be held accountable before the law. Of course, another critical issue here is to prevent a similar problem from occurring again. We are also working on this. Hopefully, we will quickly implement the administrative and legal regulations that will make the functioning of our capital markets much healthier. Everyone should be sure of this, be of good cheer. The relevant institutions of our state are working hard."

"THE PROCESS IS BEING CARRIED OUT"

Stating that the work on the liquidation process of the closed funds is being carried out meticulously, President Erdoğan also emphasized that the necessary investigations have been carried out for those who obtained unfair profits, and that it is critical to prevent a similar problem from occurring again.

Stating that studies on the fund crisis are continuing, President Erdoğan announced that legal and administrative regulations that will make the functioning of the capital markets much more functional will be implemented quickly. Stating that the relevant institutions of the state are working hard, Erdoğan stated that he will meet with the economic staff tomorrow and said, "All necessary steps will be taken."

HE GATHERED THE ECONOMY STAFF!

In his statement after the Cabinet Meeting, President Erdoğan also announced that they would meet with their economic staff today. As the critical summit in Beştepe begins, the steps to be taken within the framework of capital market rules and the rule of law, the measures to be taken for the victimized citizens, the course of the judicial and administrative investigation, and the practices to be implemented to prevent similar situations from happening again are discussed in all aspects.

NAMES AND INSTITUTIONS EXPECTED TO ATTEND THE MEETING

Vice President Cevdet Yılmaz, Minister of Treasury and Finance Mehmet Şimşek, Banking Regulation and Supervision Agency (BDDK), Capital Markets Board (SPK), Central Bank of the Republic of Turkey (CBRT), Savings Deposit Insurance Fund (TMSF) and Borsa Istanbul officials are expected to attend the meeting...