
Deputies made evaluations at the General Assembly of the Turkish Grand National Assembly on allegations of fund profiteering, investor grievances and audit mechanisms.
AI-generated summary
A bill aiming to eliminate the allegations of irregularities in the fund market and the grievances of investors is being discussed in the Turkish Grand National Assembly.
Speaking on the entire proposal, New Party Istanbul Deputy Özgür Karabat criticized the bill and said, "What difference would it make if this proposal did not exist? We had mechanisms that could solve these events. This regulation is not a bill that solves the problem." he said.
Claiming that the bill was prepared too quickly and had major deficiencies, Karabat argued that there were gaps between the general grounds and articles of the regulation.
Karabat said, "You put something called 'voluntary return' here. What is this mechanism? Who understands what from here? Who will refund how much? Who took how much? How much of the damage? Do we know which people gained how much unfair profit? No. There is no reporting on this. Apart from these 131 funds and 7 companies, are there any funds or companies that mediated these transactions? Can you say 'No'?" He said his words.
DEM Party Antalya Deputy Hakkı Saruhan Oluç claimed that "a network was established to profiteer funds in the capital markets."
"Unfortunately, there are those who knowingly or unknowingly aided and abetted the operation of this network," Oluç said, adding, "Treasury and Finance Minister Mehmet Şimşek said, 'We will definitely not allow manipulation in the stock market. We are aware of manipulation over some funds.' That is very good. But there is a network that operates despite the words of the Minister of Treasury. First of all, this network needs to be exposed." he said.
Oluç said that it is important to eliminate the grievances of those who have investments under 1 million lira in the funds in question, but there is no regulation in the bill on how small investors will be protected in the future.
"OUR CITIZENS TRUST THEIR STATE DESPITE EVERYTHING"
CHP Karabük Deputy Cevdet Akay said that fund investigations concern approximately 4.5 million people when the victims and their families are evaluated.
Drawing attention to the losses of the victims, Akay said, "A movement has now been initiated and if it is carried out to the end, our citizens will not have even a penny left, it can all be paid. Our citizens trust their state despite everything. They want to trust the control institutions. A concrete program is waiting for how their receivables will be paid. It does not matter whether the investor is big or small. He is a qualified investor, he trusted the stock market, he invested and contributed to the development of the country's economy. It is not possible for external resources to enter the stock market without restoring trust." he said.
Akay stated that in order to establish confidence in the economy, those who make money in a planned, organized and irregular manner from the events subject to fund investigations should be punished with imprisonment, if necessary.
İYİ Party Deputy Chairman and Samsun Deputy Erhan Usta said that they support the elimination of the grievances of small investors regarding the fund issue, but that large investors and companies whose names are not mentioned in the investigations should also be supported.
Stating that being a big investor is not considered a crime, Usta said, "Let's blame it on all those who are involved in crime. Let's blame it on the seven families and their children, but we also have businessmen here who invest under the guidance of the bank in order to protect their money against inflation. There are those who lost 100 million lira. A solution is needed here. Because it has a dimension that will seriously affect the real sector." he said.
New Path Party Adana Deputy Sadullah Kısacık claimed that the fund investigations caused Türkiye a huge loss of investment and reputation.
In this context, Kısacık argued that a strong mechanism should be established to track down those who earn money illegally and collect the money. "We need a task force consisting of competent experts. Let's give them the necessary authorities and let them go and kill these thieves. Until each of our victimized citizens has a single penny left, even if the process will take longer, the grievances should be eliminated by taking into account the WPI and CPI rates of the payments." expressed his opinions.
"PUBLIC HARMS MUST BE DISCLOSED"
MHP Deputy Chairman and Istanbul Deputy İsmail Faruk Aksu emphasized that they see the fight against lawlessness and irregularities as a national responsibility.
Stating that their stance and principles as a party are clear, Aksu said, "In the fund market, in the municipalities, wherever it is, no matter who it leads to, they must be investigated, those responsible must be revealed, and whoever has laid hands on orphans' rights or public property must be held accountable. The rights and laws of the victims, if any, must also be protected. This is our general principle. There are definitely victims and criminals here, too. The authorized institutions of our state follow them." he said.
Explaining that it is necessary to act with the logic of not creating an erosion of trust in the financial markets and the economy, and that stability, predictability and trust in the markets are essential, Aksu said that attempts, abuse and manipulation that would sabotage these should be avoided.
Aksu continued his words as follows:
"There are people committing crimes here. Undoubtedly, the pit into which a person falls is a manifestation of his own will. It cannot be attributed to an institution, value, belief, idea or group. Those people must be brought to light. Wherever they live, the issue must be looked at within the framework of law, not from the perspective of immorality, corruption or bribery. Adequate communication, informing and enlightening the public convincingly with accurate information are extremely important in this process. Public harms must be disclosed. There are municipalities as well, there are other areas as well. Sixth, sixth, "It doesn't matter if he is a municipalist or a funder, investigations should be carried out regarding them."
"HOW AND FROM WHOM DID ÜMİT ÖZLALE GET THE INFORMATION THAT THE MINISTER COULD NOT GET FROM THE CMB?"
AK Party Uşak Deputy İsmail Güneş, regarding the fund investigations, said, "Both administrative and legal investigations will be carried out on this issue, and whoever is guilty, whoever has faults or intentions, will be held accountable according to the law." he said.
Stating that there are attempts to wear down the government through fund investigations, Güneş reminded New Party İzmir Deputy Ümit Özlale's allegations against the Minister of Family and Social Services Mahinur Özdemir Göktaş and his family regarding the fund investigation and said, "Our esteemed Minister explained, 'My father has not deposited such money and his ID number does not match'. The Minister requests information in the same way from the CMB and says 'Can you give me information about this?' he says. "How and from whom did Ümit Özlale get the information that the Minister could not get from the CMB?" he said.
Güneş noted that he believes that by compensating the losses of the victimized citizens, the nation's trust in the state and markets will increase further.
Chairman of the Planning and Budget Commission, Mehmet Muş, gave the floor to the representatives of public institutions and organizations in the hall to answer the questions after the MPs' speeches on the entire proposal.
AI outlook — possibilities, not facts
It was stated that administrative and legal processes will continue within the scope of fund investigations.
Very likely · Within months

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