The first interim payment process has begun for investors who were victims of the fund scandal that caused widespread repercussions on the country's agenda. A total of 29.3 billion liras is expected to be deposited into the accounts of fund holders today for the funds under extraordinary liquidation.
The process is being carried out within the framework of the procedures and principles regarding liquidation and payments of the Capital Markets Board, following the "Law on Certain Investment Funds Decided to be Liquidated" accepted in the Grand National Assembly of Turkey (TBMM).
According to the information obtained, the first interim payments began to be transferred to the accounts of fund holders as of today. The payments cover 7 funds under extraordinary liquidation created by Atlas, Pusula, and Tera Portfolio Management companies.
It was reported that 235 thousand 705 investors will benefit from the aforementioned interim payment process. The total payment amount was stated to be 29.3 billion liras.
News Source: 12punto
