Preparations for legal regulations regarding the payment of receivables of investors affected by the AK Party's fund crisis are continuing.
The approximately 10-article bill that the AK Party is working on will include regulations regarding the liquidation of funds and refunds to investors.
The proposal is expected to be presented to the Presidency of the Turkish Grand National Assembly on Friday or Monday.
PAYMENT PLAN FOR 350 THOUSAND PEOPLE WITHIN THIS MONTH
It is stated that the total number of investors affected by the fund crisis is 455 thousand 578. Approximately 350 thousand of these investors have investments of less than 1 million lira in the funds.
The regulation envisages making payments to investors in this group first. Receivables under 1 million lira are planned to be paid within this month.
Payments will be made gradually and gradually. Payments of investors with receivables over one million lira will be made in the following stages.
It is envisaged to proceed with the interim payment method in the process.
PRINCIPAL AND INFLATION DIFFERENCE WILL BE PAID
According to the regulation being worked on, investors are planned to be paid the inflation difference in addition to the principal money they invested.
Securities, real estate and other assets within the funds within the scope of liquidation will also be liquidated and converted into cash.
It is envisaged that the obtained resources will be used for payments to investors.
PAYMENTS WILL BE GRADED
After the regulation becomes law, payments are planned to be made gradually, rather than all at once.
In the first stage, the payment process will be initiated for approximately 350 thousand people with investments below 1 million lira. Investors with higher amounts of receivables will receive payments depending on the conversion of the fund's assets into cash and the progress of the liquidation process.
It was stated that the payments will be made through İş Bank and Ziraat Bank.
According to the information provided by AK Party staff, no public resources will be used in this process.
CEVDET YILMAZ WILL INFORM THE GNAT
On the other hand, Vice President Cevdet Yılmaz will inform the Turkish Grand National Assembly about the fund investigation tomorrow.
NTV reporter Özgür Akbaş reported that opposition parties want an investigation commission to be established regarding the funding crisis.
Following the developments in the capital markets, CMB decided to liquidate 131 funds belonging to 7 portfolio management companies on September 17. According to Central Registry Agency data, there are 455 thousand 758 unique investors in these funds.
A meeting was held on September 29, under the chairmanship of President Recep Tayyip Erdoğan, with the participation of the economic management and managers of relevant institutions.
Following the meeting, the Fund Coordination Board was established under the chairmanship of Vice President Cevdet Yılmaz in order to ensure the coordination of the process regarding the funds decided to be liquidated. The State Supervisory Board was also appointed to examine and audit fund transactions.
85 PEOPLE WERE ARRESTED
Minister of Justice Akın Gürlek also made statements today regarding the latest situation in the fund investigation.
Gürlek announced that 85 suspects were arrested within the scope of the investigation, action was taken against 207 people and precautionary measures were imposed on the suspects' assets. Gürlek also reported that so far, 5 people have voluntarily made refunds to the accounts created within SDIF for the purpose of returning ill-gotten gains.
During the liquidation process, CMB also decided to make an interim payment of up to 1 million lira per fund to investors whose reconciliation was completed, to be offset from the final payment.
