While investigations into the Fon earthquake continue, victims come out to the public

While investigations into the Fon earthquake continue, the victims are also appearing before the public. It was learned that the victims will hold a press conference in the Parliament tomorrow with CHP Karabük Deputy and CHP Group Spokesperson of the Grand National Assembly of Turkey Planning and Budget Commission, Cevdet Akay. It was reported that representatives of the victims will also take the floor at the meeting and explain the problems they experienced. Meanwhile, CHP also prepared a report on the crisis. It was learned that an appointment was requested from the Minister of Treasury and Finance, Mehmet Şimşek, to deliver both the demands of the victims and the prepared report.

CRITICAL QUESTIONS FROM AKAY

CHP member Akay, who is also a former bank manager, raised some critical questions yesterday. Akay, cash resources of public institutions and organizations and public banks within the framework of the legislation and not yet used; He pointed out that they can invest in deposits, government debt securities, investment funds and other capital market instruments.

'WHERE THERE A PUBLIC INSTITUTION?'

Pointing out that it is of great importance to examine the portfolios of public institutions and organizations in financial markets, including investment funds, after the capital market crisis, Akay continued as follows:

"Which public institution invested how much resources in which financial instruments, on which dates these investments were made, and what the gains or losses arising from these investments were, should be revealed in all aspects. The critical question is: Were there any public institutions among the 455 thousand 758 investors in the 131 liquidated funds? Which institution and how much public resources were kept in these funds?"

QUESTIONS AWAITING ANSWERS

Akay asked the government to answer the following questions:

"Which public institution's money was in these funds? Were there any risk or warning notifications made to public institutions by CMB, MKK, Takasbank or relevant portfolio management companies? Did public institutions receive any warnings about unusual price, liquidity or cash movements in the funds before the liquidation decision or transaction restrictions?

How much of the money of public institutions was blocked or could not be collected as the funds entered the liquidation process? Have public institutions requested exit or sale of these funds? If so, on what date were they given and were these orders carried out on time? Was there any relationship with fund managers, portfolio management companies, brokerage firms or other financial institutions in the public institutions' investment decisions in these funds? “Was there any relationship or conflict of interest with fund managers, portfolio management companies, brokerage firms or other financial institutions in the selection of funds in which public institutions invested?”