161 Billion Lira for 444,000 Investors in Turkey's Investment Fund Liquidation

The Communications Directorate of the Turkish Presidency announced that 444,893 individual investors have received nearly 161 billion Turkish lira in cash and in-kind payments, within the framework of the liquidation of 119 investment funds as of 13 November 2026.

The figures showed that 333,493 investors recovered the full net value of their investments as an interim payment, while 111,400 investors have not yet received their full entitlements.

The figures came after the tenth meeting of the Fund Coordination Council, chaired by Vice President Cevdet Yılmaz, with the participation of the Ministry of Justice, the Ministry of Treasury and Finance and their affiliated institutions. The first interim payments had begun to be deposited into investor accounts as of 30 October 2026, in accordance with the Capital Markets Board (SPK) decision issued on 27 October. Ziraat Bankası and Türkiye İş Bankası were tasked with determining the funds' assets and managing the payments to beneficiaries.

Compared with the data published by Abdullah Güler, head of the Justice and Development Party (AKP) parliamentary group, on 12 November, total payments rose by 30.8 billion lira, and the number of beneficiary investors rose by 24,862 people.

On the judicial front, Justice Minister Akın Gürlek told the Plan and Budget Committee of the Turkish Grand National Assembly on 9 November that the investigation covers 464 suspects, of whom 120 are detained, 262 are under judicial control and 40 are at large. On 11 November, three new detainees were added: former Takasbank General Manager Yunus Arıncı, OMG Capital Advisors board chairman Ömer Murad Gülkan, and Adil Katılım Bankası co-founder Ali Başlı, raising the number of detainees to 123.

The Communications Directorate explained that those proven to have made illicit gains from market manipulation activities — according to investigations by the Ministry of Justice, the Savings Deposit Insurance Fund (TMSF) and the Financial Crimes Investigation Board (MASAK) — were excluded from the interim payments, without disclosing their number. Vice President Yılmaz had confirmed on 6 November that the payments are financed from the funds' assets, recovery accounts and confiscation proceeds, not from the state's general budget, noting that the funds accumulated in recovery accounts at TMSF had reached 31.5 billion lira.