The process of fund liquidation has accelerated. The government aims to solve the problem with the resources available in the funds without using public resources. Fund liquidation will be done as follows:
WHEN DOES THE FUND LIQUIDATION PROCESS START?
First of all, the bill submitted to the Turkish Grand National Assembly will be expected to become law. This proposal is expected to be passed by the Parliament in a short time. The ordinary liquidation process of 7 companies, A1 Capital, Bulls and Pardüs, will begin on October 5. Payments of 17 funds within this scope will be made on October 7, 206.
The liquidation process is being worked on in the normal way with Atlas Portföy. If the necessary guarantees are received, payments will be made immediately in accordance with the ordinary liquidation rules in 16 funds covering 56 thousand 614 people in the Atlas company.
Payment will be made to 43 thousand 643 investors in 17 funds of three companies (A1 Capital, Bulls and Pardüs) that will undergo ordinary liquidation on October 8, 2026.
The essence of the extraordinary liquidation is the payment of principal amount up to 1 million lira, and a payment limit of up to 1 million lira has been determined. This limit will be applied separately for those who have money in each fund. In other words, if a person has money left in 3 separate funds, he will be able to receive 1 million lira for each of them. The remaining payments will be spread out over time. There are 2 thousand 098 people in the remaining 49 private funds within the scope of these companies, and it is planned that the problems will be solved within their own scope.
The general principle is to distribute to investors in proportion to their shares. For funds that will be subject to extraordinary liquidation conditions, it is planned to repay principal amounts up to 1 million with an interim payment. Priority will be given to small investors and money market funds.
IS THERE A TREASURY GUARANTEE FOR FUND PAYMENTS?
Treasury resources cannot be used for special damages. There is no state guarantee in the banking system in the fund markets, especially in hedge funds with high levels of risk.
Payments will be made on Thursday to 43,643 investors in 17 funds of three companies (A1 Capital, Bulls and Pardüs) that will undergo ordinary liquidation.
There are 2 thousand 098 people in the remaining 49 private funds within the scope of these companies, and it is planned that the problems will be solved within their own scope.
If the necessary guarantees are received, payments will be made immediately in accordance with the ordinary liquidation rules in 16 funds covering 56 thousand 614 people in the Atlas company.
Within the scope of extraordinary liquidation, an interim payment will be made as an offset to the payment to be entitled. The interim payment will be based on the net investment amount calculated by MKK. The interim payment will be a maximum of 1 million lira. The net investment amount algorithm was written within the scope of MKK. Amounts will be calculated after price information is received from Takasbank.
HOW LONG WILL THE FUND LIQUIDATION TAKE?
Work will continue within the scope of collecting fund receivables and paying debts, and the liquidation balance, that is, how much money remains in the funds, will be clarified. The liquidation process will end within 5-6 months. By CMB decision, 131 optional refund accounts and 1 general share refund account were opened within SDIF. The resources generated in each fund will be used for the creditors of the relevant fund. As far as is known, 5 people returned the excessive profits they earned from the funds. With the ordinary and extraordinary liquidations being carried out in October, the majority of 455 thousand 758 people will have received their payments in full. In carrying out all these transactions, 131 optional refund accounts and 1 general share refund account were opened within the SDIF by the decision of the CMB. The resources generated in each fund will be used for the creditors of the relevant fund. The resources coming into the general account will be distributed to the funds by a calculation method determined by the CMB based on various criteria.
HOW MANY PEOPLE DOES FUND LIQUIDATION INTEREST?
The number of funds in liquidation is 131. This figure constitutes 4.6 percent of the total number of funds and 7.7 percent of the portfolio value. If the proposal containing the liquidation rules becomes law, principal payments of up to 1 million lira will be possible in October. There are 151 thousand 247 unique investors in 125 funds that Ziraat Bank is responsible for liquidating, and 388 thousand 718 unique investors in 6 funds that İş Bank is responsible for liquidating. It is known 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. It is envisaged that investors in this group will be paid 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. 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.
HOW MANY PEOPLE ARE ARRESTED IN THE FUND INVESTIGATION?
As of October 7, 2026, action was taken against 220 people, including the managers of problematic fund companies. 85 people were detained, arrest warrants were issued for 23 suspects, and 81 people were banned from traveling abroad. In order to prevent the smuggling of proceeds of crime, 21 seizure decisions were made on movable and immovable properties belonging to 63 real persons and 12 legal entities, and the bank, crypto and safe deposit box assets of 67 individuals and companies were seized.
