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Turkey continues legal action over market-disrupting transactions

Turkey continues legal action over market-disrupting transactions
— Foto: Anadolu Agency

Treasury and Finance Minister Mehmet Simsek said authorities would protect legitimate investors and take steps to prevent risks to the financial system and real economy.

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Turkey’s authorities are continuing legal proceedings against individuals involved in transactions that disrupt markets, Treasury and Finance Minister Mehmet Simsek said on Monday.

In a statement on the Turkish social media platform “Nsosyal”, Simsek said the government would not take action against individuals or companies unrelated to such activities.

He said protecting investment, employment, production and export capacity in Turkey’s real sector remained a top priority.

Measures to protect investors and markets

Simsek added that officials were working with the Ministry of Justice to safeguard the legitimate rights of fund investors.

The government will continue taking necessary measures, including providing liquidity to the market, to prevent developments from harming the financial system and the real economy, he said.

Simsek also called on the public to rely exclusively on statements issued by authorised institutions regarding the ongoing process.

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