
At the meeting chaired by President Erdoğan, a new payment plan was discussed to cover the losses of fund victims.
AI-generated summary
CMB had previously decided to liquidate 131 funds belonging to 7 portfolio management companies. There are a total of 455 thousand 758 investors in these funds.
A fund crisis meeting was held under the leadership of AKP President Recep Tayyip Erdoğan. One of the decisions taken at the meeting was to immediately pay those who have less than 1 million TL in the system.
According to Sabah writer Dilek Güngör, the payments to be made to fund victims were discussed at the meeting chaired by Erdoğan.
The meeting focused on the plan to quickly pay the money of investors with receivables of less than 1 million TL. It is envisaged that investors in money market funds will be given priority consideration.
It is planned to use the guarantees held at Takasbank and the funds deposited in the Government Domestic Debt Securities (GDDS) to finance the payments.
66 FUNDS MAY BE REMOVED FROM THE LIQUIDATION LIST
The liquidation process of some funds was also brought up at the meeting.
15 funds belonging to Bulls, 42 funds belonging to Pardus and 9 funds belonging to A1 Capital notified the relevant authorities that they could pay investors' money.
For this reason, the possibility of removing a total of 66 funds from the liquidation list is being evaluated.
NO DECISION ON BANKS YET
No decision has been made yet regarding the banks to which the fund companies are affiliated.
The economic bureaucracy is expected to meet again on Tuesday and finalize decisions regarding the payment plan and other topics.
CMB had previously decided to liquidate 131 funds belonging to 7 portfolio management companies, and it was announced that the number of investors in these funds was 455 thousand 758.
AI outlook — possibilities, not facts
The economic bureaucracy will meet on Tuesday and finalize the payment plan.
Very likely · Within days

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