Vice President Cevdet Yılmaz gave information about the fund investigation on TRT News.
Stating that nearly 161 billion liras have been paid to investors in extraordinary and ordinary liquidations so far, Yılmaz said, "161 billion liras have been paid to 455 thousand 758 investors. 444 thousand 987 individual investors have received a payment. 371 thousand 21 individual investors have received their principal, that is, their net investment amount and or their entire portfolio value." he said.
Stating that the administrative process of the State Supervisory Board (DDK) is continuing in addition to the judicial process, Yılmaz said, "Currently, a significant number of inspectors and auditors in the field are examining all these institutions. When the responsible bureaucrats are identified, investigation processes are initiated regarding them." he said.
“IT IS NECESSARY TO SEPARATE THE WHAD FROM THE WHAF”
Reminding that the Fund Coordination Board held its 10th meeting, Cevdet Yılmaz said, "We should not mix the wheat with the chaff. This is like a disease. We are currently dealing with a disease in the financial market, let's say, a microbial structure. While treating this, intervening with it, we should not harm the body. What do we call the body? Our capital markets. There are hundreds, over a thousand funds that have nothing to do with these matters. We will carefully separate the offenders, we will punish them, but while doing this, we will systematize the system." "And we will protect the investor, the legitimate investor, the financier who works within the rules of law." he said.
Yılmaz said that their most important principle in liquidation processes is not to use public resources and continued as follows;
"To date, not a single lira resource from the budget or the treasury has been used in all these interim payments. The first one is the liquid resources or resources that can be converted into liquid, remaining in the funds that are in liquidation. We opened a separate account for each of them. These processes are carried out separately. The law of each fund is different. Everything is recorded. Whoever did what, from the beginning until today, who entered and exited the system, how much they deposited, how much they exited, hundreds of thousands of people, of course, and who knows how many transactions each of them made." All this is in the state's records. There is nothing unrecorded here.
“VOLUNTARY RETURNS REACHED 33.4 BILLION TL”
We have three sources. The first is the resources within the fund itself that I just mentioned. Secondly, these are voluntary returns, which we call buybacks. We opened 131 separate accounts with SDIF for each fund. We also opened a general account. We identify those who have obtained exorbitant income from these accounts with the data of the Central Registry Agency and have them followed up from top to bottom through the TMSF channel. Voluntary returns reached 33.4 billion TL. Thirdly, real estate and assets. In other words, there are decisions made in judicial processes regarding those who carry out these illegal transactions and manipulations. There are goods confiscated."
Cevdet Yılmaz said that all payments were completed in 94 of the 97 funds subject to ordinary liquidation, and the remaining three funds were closed funds.
Stating that the extraordinary liquidation period is continuing, Yılmaz said, "There are three companies here: Tera, Pusula and Atlas. We are making interim payments here. As stipulated by law, payments are currently being made up to 1 million. As of Friday, 444 thousand 987 individual investors have been paid during the liquidation of the funds. There are only 10 thousand 771 investors to date to whom we have not made any payments. Who are they? The first one is the ones whose net investment amount is zero. That is, let's say, they have invested money before and earned more. If he has withdrawn an amount exceeding his principal amount and an amount equal to his principal amount, we no longer pay him. Let's say an investor deposited 100 thousand liras and this amount turned into 250 thousand liras. Let's say he withdrew 150 thousand liras from the system. Now, we consider that this person has withdrawn his principal. "371 thousand 21 people who received the full amount or the entire portfolio value have completed this interim payment process. We have paid a total of approximately 161 billion lira so far."
