A new phase has been reached in the voluntary repayment process regarding the investigation into allegations of manipulative transactions in stock and fund markets. Within the scope of coordination between the Istanbul Chief Public Prosecutor's Office and the Savings Deposit Insurance Fund (TMSF), it was stated that the repayments made to date have reached 9 billion liras.
It was reported that 24 people have made a total of 9 billion liras in repayments, and the one-month target in the process conducted with the TMSF has been set at 100 billion liras. According to information reflected in the press, 20 high-level individuals considered to be linked to fund and stock transactions have also applied for repayment through their lawyers.
One of the most notable payments in the voluntary repayment process was made by Astor Enerji Anonim Şirketi partners Feridun Geçgel and Enver Geçgel. It was reported that the two individuals paid 5 billion liras into the TMSF's voluntary repayment account.
FINANCIAL MONITORING EXPANDED IN THE INVESTIGATION
It was noted that the investigation conducted within the Istanbul Chief Public Prosecutor's Office is being carried out by 7 Public Prosecutors under the coordination of a Deputy Chief Public Prosecutor. Simultaneous work is being carried out in the process with the Financial Crimes Investigation Board (MASAK), the Capital Markets Board (SPK), the Central Securities Depository (MKK), Borsa İstanbul, and the TMSF.
It was stated that the prosecutors are in direct contact with the relevant institutions to examine suspicious money movements, stock transactions, fund transfers, and repayment processes. It was reported that allegations of manipulative transactions on 36 stocks are being investigated within the scope of the investigation, and the examinations are being carried out by experts working in 5 separate institutions.
In the contacts maintained with authorized institutions, the aim is to compensate for the losses suffered by investors and to expand the voluntary repayment mechanism. It was reported that applications are being evaluated within the scope of the repayment process, and contacts with individuals and companies are continuing.
News Source: 12punto
