NEW Party's investigation proposal into allegations of fund and stock market manipulation was rejected with the votes of AKP and MHP

In the General Assembly held under the chairmanship of the Deputy Speaker of the Grand National Assembly of Turkey, Celal Adan, the group proposals of the parties were discussed before moving on to the agenda.

NEW Party submitted a proposal for a parliamentary investigation to "investigate allegations of manipulation in investment funds and stock market shares, investor losses and the audit processes of responsible institutions." Speaking on the proposal, NEW Party Denizli Deputy Şeref Arpacı emphasized that 48 days have passed since it was decided to liquidate 131 funds belonging to 7 portfolio management companies on September 17.

Recalling the statements of Minister of Justice Akın Gürlek, Arpacı said, "We all know that he has not been able to reach his political connections and friends yet and that he has no intention of reaching out, but we say on behalf of our nation and promise that we will pursue this to the end. We know very well that there is no possibility of such a big robbery without political connections."

"Türkiye BECAME THE ROBBERY OF THE CENTURY"

Claiming that the loss in the stock market exceeded 6.5 trillion dollars, Arpacı stated that the loss in shares was 80 billion dollars. Arpacı said:

"3 people came out of the table you set saying 'We will solve the fund crisis' and these 3 people took responsibility in the law specific to the fund and came here constructively. Takasbank General Manager Yunus Arıncı, CMB President Mahmut Sütcü, BIST General Manager Korkmaz Eren Ergun. Now, Korkmaz Eren Ergun was detained a few days ago on the grounds of being a member of an organization established to commit crimes and taking bribes. If the prosecutors now accept the existence of a criminal organization, here is something." Let's ask once again: Who is the leader of this criminal organization? It has turned into a robbery of the Century of Turkey, and the list has been in front of you for forty-eight days, but you seem to be making fun of the nation. During this period, there are those who were dismissed, pardoned, detained, and arrested, but does not this bother you at all, friends?

This morning, 6 more people, including former CMB executives and a BRSA department head, were taken, forty-eight days later. What are you talking about with these? Those assigned to supervise are being investigated, but those who assigned them are not responsible at all. The journalists who shared the news, Mustafa Balcı and Şaban Sevinç, are detained inside. So, what judicial measures did you apply to Fatma Hanım? Tera Yatırım purchased the liquid shares in the BIST 30 Index from the THF fund on September 16, but Özata Denizcilik also purchased 116 thousand 500 lots of shares on September 16. Who owns these shares? Ms. Fatma Betül took back the money she invested and returned the money she earned. If she had owned the same shares today, she would have 56 million lira left. "Now let this lady come and buy the shares of the small investor from whom she bought these shares, and pay back 163 million."

"WHILE PROTECTING THE NATION'S MONEY, WE ALSO PROTECT THE LAW"

Taking the floor upon the proposal of the YENİ Party, AKP Istanbul Deputy Cüneyt Yüksel emphasized that they are fighting determinedly against attempts to harm the economic environment and victimize investors, and touched upon the judicial processes carried out within the scope of the fund investigation.

Stating that 112 people out of 433 suspects were arrested in this process and 186 people were under judicial control, Yüksel stated that measures were taken on the assets and banks of 359 real persons and 111 legal entities. Stating that the investigations are continuing meticulously, Yüksel made the following evaluations:

"The 9th Fund Coordination Board meeting was held today. In line with the Law No. 7596 that we adopted, the first interim payments regarding the extraordinary liquidation started as of October 30. A total of 97.3 billion liras were paid to 247 thousand 839 investors in 100 funds, 29.3 billion liras in the extraordinary liquidation and 68 billion liras in the ordinary liquidation. In addition, approximately 76 billion liras of 178 thousand 537 individual investors were paid. The principal receivable amounting to billion liras has been met. Those who are determined to have made unfair and exorbitant profits are excluded from the scope of interim payment. Payments are continued, starting from the money market funds, from the lowest participation share holder to the highest and reaching the highest number of investors, and interim payments will continue this week.

On the other hand, approximately 30 billion Turkish lira worth of money, real estate and stocks were delivered within the scope of the voluntary refund account established within the SDIF. I would especially like to emphasize here that we will never allow our financial markets, which are the apple of our economy's eye, to be damaged by this process. We have mobilized and continue to mobilize all our resources to maintain confidence and stability in our markets. At this point, companies operating in accordance with the law should not be confused with transactions under suspicion of crime. "It is our priority to protect the environment of economic trust and prevent manipulations because while we protect the nation's money, we also protect the nation's law."

After the discussions on the proposal, the proposal of the YENİ Party was rejected with the votes of the AKP and MHP.