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Turkey fund liquidation: 6.4 billion TL paid to investors
The Fund Coordination Board, chaired by Vice President Cevdet Yılmaz, has advanced the liquidation process for investment funds following a major scandal. Ziraat Bankası has already distributed 6.4 billion TL to 43,643 investors associated with funds managed by A1, Bulls, and Pardus.
The liquidation of the remaining 49 funds from these three companies, valued at 34.1 billion TL, is expected to be completed by the end of the week. If successful, this will complete the in-kind and cash liquidation of 40.5 billion TL for a total of 45,745 people across 66 funds.
To facilitate further recovery, a legislative proposal was submitted to the Turkish Grand National Assembly on October 9, 2026. This law aims to ensure fair and transparent liquidation and legal protection for payments. The proposal is scheduled for discussion in the TBMM Plan and Budget Commission on October 14, 2026. Once passed, interim payments for an additional 65 funds are planned to be processed promptly. Data from the Central Securities Depository indicates that as of September 17, 2026, the total number of individual investors involved in the 131 funds under liquidation was 455,758, representing 4.6% of all funds and 7.7% of total portfolio value.
Entities
A1 · AK Parti · Abdullah Güler · Capital Markets Board of Turkey · Central Securities Depository of Turkey · Cevdet Yılmaz · Merkezi Kayıt Kuruluşu · Savings Deposit Insurance Fund · Sermaye Piyasası Kurulu · TBMM · Turkey · Turkish Grand National Assembly
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 7 SOURCES] Interim payments will be funded by the assets of the funds themselves, not by public resources. ogunhaber.com · www.pusulahaber.com.tr · www.aksam.com.tr · www.gazetebirlik.com · www.merhabahaber.com
- [● 12 SOURCES] AK Parti has submitted a 9-article legislative proposal to the TBMM regarding the liquidation of certain investment funds. www.konyayenigun.com · ogunhaber.com · www.pusulahaber.com.tr · www.benguturk.com · www.bursatv.com.tr · +4 more
- [● 4 SOURCES] Individuals identified as engaging in market manipulation or fraud will be ineligible for payments. www.konyayenigun.com · artigercek.com
- [● 12 SOURCES] Investors with net investments under 1 million TL can receive interim payments up to 1 million TL. www.konyayenigun.com · ogunhaber.com · www.pusulahaber.com.tr · www.benguturk.com · www.bursatv.com.tr · +4 more
- [● 4 SOURCES] Final payments will be adjusted for inflation using the arithmetic average of TÜFE and Yİ-ÜFE. www.konyayenigun.com · www.pusulahaber.com.tr · artigercek.com
- [● 13 SOURCES] The Capital Markets Board (SPK) decided to liquidate 131 investment funds on September 17, 2026. www.pusulahaber.com.tr · sanayigazetesi.com.tr · www.merhabahaber.com · www.konyayenigun.com · www.benguturk.com · +6 more
- [● 4 SOURCES] The SPK has filed criminal complaints against 69 individuals regarding the funds. sanayigazetesi.com.tr · www.gazetebirlik.com · www.merhabahaber.com
- [● 8 SOURCES] There are 455,758 individual investors in the 131 funds undergoing liquidation. www.pusulahaber.com.tr · sanayigazetesi.com.tr · www.bursatv.com.tr · www.sondakika.com · www.gazetebirlik.com · +2 more
- [● 2 SOURCES] Economists forecast a current account deficit of 48 billion USD for the year.
- [● 2 SOURCES] Economists predict a current account surplus of 3.5029 billion USD for August.
- [● 9 SOURCES] Ziraat Bankası paid 6.4 billion TL to 43,643 investors in funds managed by A1, Bulls, and Pardus. www.marasbugun.com.tr · www.yenisafak.com · sonsoz.com.tr · www.ekoturk.com · www.tr724.com · +4 more
- [● 9 SOURCES] The liquidation of the remaining 49 funds from the three portfolio management companies, totaling 34.1 billion TL, is targeted for completion by the end of the week. www.marasbugun.com.tr · www.yenisafak.com · sonsoz.com.tr · www.ekoturk.com · www.tr724.com · +4 more