Turkish Finance Minister to Hold Meetings on Fund Liquidation Crisis, Report Says
27 Articles
27 Articles
Turkey begins talks to repay 456,000 investors in 131 liquidated funds worth $20 billion
Meetings will be held under the chairmanship of Treasury and Finance Minister Mehmet Şimşek to discuss the liquidation and payment processes of 131 investment funds belonging to 7 portfolio management companies. The meetings will evaluate the implementation principles for ensuring that liquidation and payment processes are carried out fairly, efficiently, and as quickly as possible.
Under the chairmanship of Treasury and Finance Minister Mehmet Şimşek, and with the participation of relevant institutions and organizations, technical studies regarding the liquidation and payment processes of 131 investment funds belonging to 7 portfolio management companies will be discussed.
Breaking news... A meeting will be held under the chairmanship of Treasury and Finance Minister Şimşek to discuss the liquidation and payment processes of 131 funds with over 455,000 investors; protecting the rights and interests of investors will be a priority. The meeting will be chaired by Treasury and Finance Minister Mehmet Şimşek...
The meetings, which begin on Thursday, will be coordinated by Finance Minister Mehmet Simsek, according to the ministry.
Turkish finance minister to hold meetings on fund liquidation crisis, report says
Turkish Finance Minister Mehmet Simsek will hold a series of meetings on Thursday and Friday to discuss the process of the liquidation of 131 investment funds worth around $18 billion, the state-run Anadolu news agency said.
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