In a statement made on the social media account of the Presidency's Directorate of Communications, "The Fifth Fund Board Meeting was held under the chairmanship of our Vice President.
The meeting was attended by the Ministry of Justice, the Ministry of Treasury and Finance, and the relevant institutions and organizations of these ministries. To ensure the implementation of the board's previous meeting decisions, and to ensure that the liquidation process of certain investment funds, which the Capital Markets Board has decided to liquidate, is carried out in a fair, transparent, and effective manner, and that payments are legally secured,
a legislative proposal was submitted to the Speaker of the Grand National Assembly of Türkiye on 09.10.2026. The proposal is scheduled to be discussed in the TBMM Planning and Budget Committee on 14.10.2026." the statement said.
The statement continued as follows:
"At the current stage, a total of 6.4 billion TL was paid last week by Ziraat Bank to 43,643 investors in funds managed by A1, Bulls, and Pardus.
Within the scope of the remaining 49 funds of these 3 portfolio management companies, it is aimed to complete the liquidation process, totaling 34.1 billion TL, by the end of this week.
Thus, the liquidation of assets and cash totaling 40.5 billion TL for 45,745 people in 66 separate investment funds across 3 portfolio management companies will be completed.
On the other hand, following the enactment of the proposal on the TBMM agenda, it is aimed to promptly complete the interim payments for the other 65 funds involved in the liquidation process."
News Source: 12punto
