Vice President Cevdet Yılmaz made the following assessment: Whoever has engaged in unlawful transactions must undoubtedly bear the consequences. In a statement posted on his social media account, Yılmaz said that capital markets would advance more strongly once the problems experienced in certain funds are overcome, and noted that the Fon Koordinasyon Kurulu, which he chairs, is working intensively. He stated that administrative and judicial measures are being implemented in coordination against the problems in one segment of the fund markets. The relevant units are swiftly carrying out ordinary liquidations. Legal regulations concerning extraordinary liquidation are on the agenda of the Meclis. He emphasized that efforts are being made to ensure that unlawful gains are paid to investors.
Yılmaz said that this approach should not be distorted. Recalling that he had issued a similar warning 10 months ago, Yılmaz stated that creating a perception as if the measures taken against problematic funds were directed at funds that comply with the rules and make up more than ninety percent of the market harms the system. “We are acting with an approach that does not harm the body while liquidating diseased structures,” Yılmaz said, emphasizing that investing is not a crime. Manipulation and fraud are crimes. He stated that those who engage in unlawful transactions will bear the consequences.
Why it matters
The statement concerns readers with investments in fund markets in two respects: it is stated that work is under way to compensate for losses of rights during the liquidation process, and part of the process depends on legal regulation pending in Parliament. This means the final outcome will be shaped not only by administrative decisions but also by the legislature’s calendar. The fact that a similar warning was also issued 10 months ago shows that the problem is not new and that the solution is spread out over time. The emphasis on keeping the problem contained reveals concern that a loss of confidence could spread to the system as a whole. Since the timing and scope of payments to be made to investors, as well as the content of the regulation in Parliament, have not been clarified, the uncertainty for the reader requires following how the process unfolds.
Background
The President is not a new name in the FikirPilot archive: we have published 19 stories mentioning this name in the last 90 days; the most recent is dated 18 October 2026.