Türkiye · Tuesday, 13 October 2026
No public funds for Türkiye's stricken investment funds, vice president says
Vice President Cevdet Yılmaz said Monday that no public money would be used to liquidate the seven investment-fund firms and 131 funds under investigation for fraud, which together make up 4.6 percent of Türkiye's funds and cover more than 455,000 investors. Three of the firms have already been liquidated, with payouts reaching nearly 44,000 people, while a state oversight board investigates suspected unlawful transactions.
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