'Leak' suspicion in fund investigation: Suspicious outflow of 401 billion lira in 16 days

In the fund investigation carried out by the Istanbul Chief Public Prosecutor's Office, it was claimed that a total of more than 401 billion 266 million TL was withdrawn from Tera and Pusula funds between 1-16 September. While the movements of 440 investors who made transactions in the specified amounts were being examined, it was reported that the prosecutor's office was investigating whether there was an information leak before possible precautionary decisions.

335.9 BILLION TL OUTPUT FROM TERA FUND

According to the news of Sabah Newspaper News Coordinator Abdurrahman Şimşek, high amounts of money movements in the first 16 days of September stood out in the financial data examined within the scope of the investigation.

According to the shared data, 168 investors who withdrew 100 million TL or more from the Tera fund during the period of September 1-16 were identified. The total amount of these transactions was calculated as 335 billion 912 million 421 thousand 253 TL.

In the Pusula fund, the transactions of 272 investors who made an exit of 50 million TL or more in the same period are examined. It was stated that the total amount withdrawn by these investors from the fund was 65 billion 354 million 370 thousand 489 TL.

The total money outflow of 440 investors who traded above the thresholds determined in the two funds reached 401 billion 266 million 791 thousand 742 TL.

RECALL PROCESS FOR 187.6 BILLION TL PROFIT

Investors who earned high amounts of income from three different funds had previously come to the fore in the fund investigation. In the findings, it was determined that 214 individuals and institutions made a total profit of 187 billion 653 million TL from the funds in question.

The process was initiated to recall these amounts through the Savings Deposit Insurance Fund (TMSF). High amounts of money outflows, which were reported to have occurred in the first 16 days of September, also became among the new investigation topics of the investigation.

PROSECUTOR'S OFFICE IS EXAMINING THE TIMING OF MONEY MOVEMENTS

It was reported that the Istanbul Chief Public Prosecutor's Office examined in detail the transactions of investors who made high amounts of money outflow. The investigation focuses not only on the amount of money withdrawn but also on the dates on which the transactions were made.

It was stated that the prosecutor's office was investigating whether the investors were informed in advance about the possible measures that could be taken within the scope of the investigation and whether the money outflows were related to a possible information leak.

'NEWS OUTPUT' SUSPICION IS BEING INVESTIGATED

One of the topics in the investigation is the claim that some investors may have exited the funds with prior knowledge. It was stated that the authorized units are trying to determine whether the transactions were carried out under normal market conditions or were based on information that has not yet been disclosed to the public.

It is considered that if concrete evidence regarding prior information sharing is found during technical and financial investigations, the scope of the investigation may be expanded and new measures may be brought to the agenda.

On the other hand, it is stated that high amount of fund outflows alone do not mean that an illegal transaction has been committed, and that possible connections will become clear as a result of the investigations.