Turkey Passes Law to Return Funds to Investors in Troubled Investment Funds

Turkey has passed a law to liquidate 131 troubled investment funds, aiming to release money tied up in the funds and provide relief to around 456,000 investors.

The legislation allows interim payments of up to one million Turkish lira per investor as part of efforts to return the stranded money.

These payments offer a way for investors to recover some funds while liquidation proceeds. The one-million-lira figure is a ceiling for interim payments, rather than a guaranteed payout to every investor.

The measure does not guarantee that investors will recover their losses in full, leaving uncertainty over how much of their money will ultimately be returned.