The Commission discussed SDIF trustee appointments and the Bill on Certain Investment Funds that were decided to be liquidated.
AI-generated summary
Within the scope of the investigation against Cafer Mahiroğlu, SDIF trustees were appointed to the companies.
The commission convened under the chairmanship of AK Party Samsun Deputy Mehmet Muş.
Before starting the talks, Muş opened a procedural discussion upon the request of opposition MPs.
New Party Antalya Deputy Cavit Arı stated that the Bill on Certain Investment Funds, which has been decided to be liquidated, will be discussed in the commission today with the participation of representatives of state institutions, and solution suggestions will be expressed.
Arı said that the Savings Deposit Insurance Fund (TMSF) was appointed as trustee to the companies with which Mahiroğlu was found to be related, within the scope of the investigation into financial crimes against Cafer Mahiroğlu, and argued that there would be no benefit in discussing the bill on such a day.
Arı requested that the bill be discussed in a subcommittee first and that the subcommittee should work on this issue.
CHP Karabük Deputy Cevdet Akay stated that they were saddened by the SDIF's appointment of trustees to the companies with which Mahiroğlu was found to be associated, and said, "The faulty practice should be abandoned." defended his opinion.
İYİ Party Samsun Deputy Erhan Usta stated that they will discuss an important bill in the commission today and discuss the problem and solution suggestions, and said, "The Mr. Minister should be here today." he said.
New Path Party Adana Deputy Sadullah Kısacık said, "We cannot discuss this bill with a simple impact analysis in such an environment. The impact analysis does not have enough information for the MPs to discuss. We do not have any information about how much money is in the funds, but we will authorize the CMB. We need to be informed." He said his words.
DEM Party Antalya Deputy Hakkı Saruhan Oluç stated that there may be various corruptions in companies and therefore trustees may be appointed and said, "What does silencing the broadcast mean? SDIF should ensure that the broadcast continues." he said.
Commission Chairman Muş pointed out that the authors of the bill, heads of institutions, and relevant deputy ministers were also present at the meeting and said, "We are officially sending the commission invitation. We also made it to the Ministry of Treasury and Finance. If the Minister approves, he can come." he said.
Referring to the demands for the establishment of a sub-commission, Muş said that he was aware of the agenda of the commission.
"Treasury resources or budget opportunities will definitely not be used."
AK Party Samsun Deputy Ersan Aksu, one of the first signatories of the proposal, shared information about the regulation.
Stating that there are currently more than 2 thousand investment funds in the fund markets, Aksu said that the number of funds decided to be liquidated by the Capital Markets Board (CMB) is 131.
Aksu said, "These 131 funds in liquidation constitute 4.6 of the total number of funds in the market and 7.7 percent of the total portfolio value. The total portfolio value of these funds corresponds to 2.4 percent of the financial assets of the household. Therefore, the problem was experienced in a very limited part of the fund market. No one has the luxury of underestimating the problem, nor does anyone have the luxury of infecting it by exaggerating. The structural or systemic risk that will negatively affect our financial system is definitely "It's not about betting." made his evaluations.
Recalling the fund investigations, Aksu stated that in this context, 84 people have been arrested so far, 282 people have been prosecuted, and a search warrant has been issued for 27 suspects. Aksu said, "We will not tolerate anyone who tries to exploit our citizens' sweat, labor and future for their own benefit. Anyone who disrupts the market, commits fraud and fraud, regardless of party distinction, identity, personality and career, will be held accountable for their actions before the law." he said.
Emphasizing that the proposal will not impose a financial burden on the public budget, Aksu said, "Treasury resources or budget opportunities will never be used during the liquidation process. Payments will be covered only from the funds' own assets and the amounts collected from real and legal persons who committed illegal acts. The bill will not be made to our beloved nation, but to the manipulators and those responsible who caused the damage." he said.
Aksu pointed out that the most important expectation of investors during the liquidation process was to make payments as soon as possible, and said that the net investment amount was adopted as a fair distribution criterion in Article 4 of the proposal. Aksu continued his words as follows:
"The net investment amount will be calculated not on the virtual value but on the money inflows and outflows actually put into the fund. Moreover, this amount will be updated with the arithmetic average of the Consumer Price Index and Domestic Producer Price Index change rates until the liquidation date. While the funds are liquidated, the payments of the investors of each fund will be made over their own fund assets. In the liquidation of the funds, the money outflows will be made in an order in accordance with the 'first in, first out' method. Not to exceed the determined net investment amount so that our investors do not suffer while waiting for the final liquidation "Our proposal allows interim payments of up to 1 million lira per person. This is an interim payment. The entire amount can be paid to our citizens whose net investment amount is less than 1 million, and if the available cash is insufficient, payments will be made starting from the smallest investors with the lowest net investment amount."
Before the meeting, New Party MPs criticized the appointment of the Savings Deposit Insurance Fund (TMSF) as trustee to the companies with which Mahiroğlu was found to be associated, within the scope of the investigation into financial crimes against Cafer Mahiroğlu, and put black tape over their eyes and mouths.
After Aksu's speech, the commission began discussions on the entire proposal.
AI outlook — possibilities, not facts
Commission discussions on the bill will continue.
Very likely · Within days
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