Presidential Communications Director Duran Made a Statement on Fund Markets

Presidential Communications Director Burhanettin Duran made a statement about the fund investigation.

Stating that the framework laid out by President Recep Tayyip Erdoğan regarding the developments in the fund markets is clear, Duran said that actions that harm the rights and laws of the nation and disrupt the healthy functioning of the markets will not be left unanswered.

Underlining that those responsible will be held accountable before the law, regardless of their positions, Duran said, "While the relevant institutions carry out the investigation and liquidation processes, they also take the necessary steps to protect the rights of investors and strengthen the safe, transparent and healthy functioning of the capital markets. The main thing is to fully comply with the requirements of the law and protect the rights of our citizens."

Reminding that the problem occurred in a limited part of the fund market and did not pose a risk to our financial system in general, Duran said, "While underlining this fact, our esteemed President clearly stated that those who are responsible will be held accountable before the law. Therefore, the protection of financial stability and the determined execution of the legal process are not alternatives to each other, but two basic elements of the same approach. While the relevant institutions implement the necessary measures against liquidity and contamination risks, investigations and investigations regarding market-distorting transactions are continuing; the needed new administrative and legal regulations are being prepared."

Stating that the protection of citizens' savings and legitimate rights is the main priority of the ongoing process, Duran stated that efforts are continuing to finalize the liquidation and payment transactions in a fair, healthy and as soon as possible manner.

Duran continued his statement with the following statements:

"The fact that the process is closely followed by our President, Mr. Recep Tayyip Erdoğan, and the institutions related to economic management act towards the same goal, shows that the issue is not limited to the current grievances. While the rights of the citizens are protected, the strengthening of regulatory and control mechanisms that will prevent the recurrence of similar problems is also addressed with the same determination.

In the face of the problems arising in the fund markets, the relevant institutions of our state act simultaneously and in a coordinated manner within the framework of their duties and authorities. Studies carried out by the Financial Stability Committee, Capital Markets Board, economic management, judicial authorities and other relevant institutions; It covers a wide range of areas, from protecting investor rights to detecting illegal transactions. In order to carry out the liquidation process quickly and healthily, taking into account the legitimate rights of investors and the public interest, the Fund Coordination Board, established under the chairmanship of our Vice President, will ensure the coordination of the process.

This multi-faceted work is being continued with the approach of our President to address the issue with determination. Completing the liquidation process in a healthy manner, revealing responsibilities and strengthening the reliable functioning of financial markets is the common goal of state institutions.

Drawing the process into political polemics and perception debates can neither overshadow the functioning of the law nor the determination to protect the rights of our citizens. The decisive factor in this issue is not the discourses; "It is the right of law, transparency and our nation."