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[SITUATION] · [ACTIVE] · [POLITICS]

2 clusters · 5 sources · 23 days · First seen · Last updated

Investigation into Turkish investment fund liquidations

Overview

CHP Karabük Deputy Cevdet Akay has called for a thorough investigation into whether public institutions and state banks held assets in 131 investment funds that were recently liquidated following a capital markets crisis.

Akay is seeking to determine the extent of any losses or blocked funds within the financial portfolios of public entities. He has raised questions regarding oversight from regulatory bodies such as the CMB, MKK, or Takasbank, specifically concerning warnings about unusual price or liquidity movements. Additionally, he is questioning whether conflicts of interest existed between public institutions and the fund managers or portfolio management companies involved.

In response to the crisis, victims of the liquidations are scheduled to hold a press conference at the Grand National Assembly of Turkey (TBMM) with Akay. The CHP has prepared a report on the matter, and representatives have requested a meeting with Treasury and Finance Minister Mehmet Şimşek to present their demands.

Entities

Cevdet Akay · CHP · Karabük · TBMM · Mehmet Şimşek

Timeline

  1. 3 days ago

    [POLITICS] 3 sources
    CHP Deputy calls for probe into public funds in liquidated investment funds

    CHP Deputy Cevdet Akay is demanding an investigation into whether public institutions lost assets in 131 liquidated investment funds, as victims prepare to meet with officials at the Turkish Parliament.

  2. 26 days ago

    [POLITICS] 2 sources
    Karabük Deputy calls for increased central budget investment

    CHP Karabük Deputy Cevdet Akay is demanding increased central budget investments, noting that the city's 1.6 billion lira allocation is insufficient compared to its 11.5 billion lira tax contribution.

Sources

dokuz8haber.net · haberport.com · medyafaresi.com · safakgazete.com · sondakika.com