Investor unable to access 50 million liras: I had to postpone my wedding
Kaan Akdoğan stated that he has been unable to access his 50 million liras after transactions were halted in the funds where he had invested to protect his family's savings.
12punto
As the crisis regarding investment funds in Turkey affects hundreds of thousands of investors, an investor named Kaan Akdoğan announced that he has been unable to access his 50 million liras in savings. Akdoğan stated that he turned to these funds to avoid risks in the stock market and to protect his family's savings.
Akdoğan noted that he had invested in the THF and DOH funds under TERA, stating that these funds were managed through shares of major companies in the BIST 30. However, he explained that with the suspension of transactions in the funds, they were unable to place sell orders and the system became locked.
Speaking to Show TV, Akdoğan said that the process he is going through has also affected his private life. Stating that he had planned to get married in a month, Akdoğan said, "I was going to get married in 1 month, so I had to postpone it. This process has worn everyone out. We just wanted to protect our money; the fate of our money is not clear in any way."
Stating that they are also being criticized for their investment decisions, Akdoğan said, "People are angry at us, asking why we invested there. This is not gambling, friends. This was an institution operating within a state-regulated body. It was an institution that had its own banks. We just wanted to protect our money," he said.
ARRESTS AND SEIZURES IN THE INVESTIGATION
It was announced that 455 thousand 758 investors held shares in the 131 funds for which the Capital Markets Board (SPK) issued a liquidation decision. Minister of Treasury and Finance Mehmet Şimşek had reported that the total size of the funds under liquidation was approximately 18.3 billion dollars.
Within the scope of the investigation conducted by the Istanbul Chief Public Prosecutor's Office, 45 people were arrested, including Tera Yatırım Holding Chairman of the Board Emre Tezmen, Emre Alkin, Kerem Alkin, Tera Portfolio General Manager Alper Öztürk, Pusula Holding Chairman of the Board Serdar Turhan, and Pusula Portfolio Chairman of the Board Muhammed Yarız.
According to information reflected in the investigation file, the bank accounts and international money transfers of some executives have been placed under review. It was determined that 15 million dollars were transferred from Serdar Turhan's account to an account in Switzerland, and 25 million euros were transferred from Muhammed Yarız's account. In addition, it was reported that two private jets and a luxury yacht were seized, and the total market value of these assets is approximately 1.8 billion liras.