Türkiye has paid $2.6 billion (130.2 billion Turkish liras) to 420,031 investors across 108 investment funds undergoing liquidation, Treasury and Finance Minister Mehmet Simsek has said.
Presenting his ministry’s 2027 budget to parliament’s Planning and Budget Committee on Thursday, Simsek said payments had been made to 614,874 accounts, while 179,449 investors had recovered their entire net investments.
He stressed that repayments were financed through fund assets, recovery accounts and voluntary restitution accounts.
“No resources from the public budget will be used,” he said.
Under ordinary liquidation procedures, $1.36 billion was paid to 71,899 accounts across 93 funds. Interim payments under extraordinary liquidation procedures reached $1.24 billion across 542,975 accounts in 15 funds as of Nov. 4.
Simsek said some funds weakened by manipulation began defaulting in mid-September, prompting the Capital Markets Board to order the liquidation of 131 funds.
The funds had around 456,000 investors and accounted for 7.7 percent of total fund portfolios, 2.4 percent of household financial assets and 0.7 percent of gross domestic product as of Sept. 17.
Authorities swiftly introduced coordinated measures to contain risks that could spread across the economy, he said.
Simsek also outlined efforts by the Financial Crimes Investigation Board, known as MASAK, to identify assets linked to unjustified and excessive gains and recover assets held abroad.
As of Nov. 4, authorities had postponed 100 transactions worth approximately $76 million. Cooperation with counterparts in 36 countries identified assets worth $180 million, with the findings submitted to judicial authorities.
Further measures will strengthen investor confidence and ensure orderly capital market operations, Simsek said.
Draft regulations focus on tougher penalties for manipulation, stronger institutional capacity and deterrent sanctions against coordinated fund transactions.
