Fund Coordination Council: 6.4 billion TL paid to 43,643 investors, 34.1 billion TL to be completed this week

The Fund Coordination Council convened for the fifth time under the chairmanship of Vice President Cevdet Yılmaz; it was announced that a total of 6.4 billion TL has been paid to date to 43,643 investors in funds managed by A1, Bulls, and Pardus portfolio management companies.

The Presidential Communications Directorate announced that the payment process of 34.1 billion TL covering the liquidation of the remaining 49 funds attached to these three companies is targeted to be completed by the end of this week. The meeting was attended by affiliated institutions and organizations of the Ministry of Justice and the Treasury and Finance Ministry.

Following the enactment of the proposal on the parliament's agenda, interim payments for the other 65 funds undergoing liquidation are also planned to be completed urgently. These funds, on which the Capital Markets Board (SPK) has decided liquidation, became the focus of an investigation that generated widespread public attention last month; since the Board began seizure proceedings in September 2024, there has been ongoing discussion about when investors will recover their funds.

Following the legalization of the bill in parliament, interim payments for the other 65 funds are also planned to be completed with urgency.