Erdoğan Says Fund-Market Problem Is Under Control
Payments from funds ordered into liquidation began last week, while further interim payments depend on legislation passing parliament.
Key takeaways
- Erdoğan said the fund-market problem has been brought under control.
- Payments from funds ordered into liquidation began last week and are continuing, he said.
Turkish President Recep Tayyip Erdoğan said a problem affecting part of the fund market was under control. He said a Fund Coordination Board had been formed to manage the response.
Payments to investors from funds ordered into liquidation began last week and are continuing without problems, Erdoğan said. Interim payments in extraordinary liquidations will start after a bill submitted to parliament becomes law.
Erdoğan also said an investigation into people accused of making unjust gains through market manipulation was deepening with new information and confessions.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
