IT IS NOT SUPERVISED
The Asset Fund, established in 2016, is not subject to the supervision of the Assembly and the Court of Accounts ... Capital markets are also not subject to public, tender and civil servant legislation. There is no explanation in the legislation as to which areas to go to when sorting the proceeds at the end.
THE PURPOSE IS TO PROVIDE 'DEBT'
The main activity of Turkey asset fund corporation, which is affiliated to the PRIME MINISTRY; To establish and manage the Turkey Asset Fund and its subsidiary funds in order to contribute to the diversity and depth of the vehicle in the capital markets, which are the establishment and management of the funds, to earn the economy of the domestic owned assets, to obtain the foreign resources and to participate in strategic large scale investment.
THEY WILL PAY THE MONEY COULD NOT BE EARNED
The government provided huge guarantees such as purchase guarantees for a large number of projects, commitment to transit. Only those who were promised from the 3rd bridge damaged the treasury. For example, Osmangazi Bridge. The number of people using the bridge that the state gave 40 thousand transit guarantees per day was only four in this figure. Each transition below 40 thousand vehicles a day to the damage of Turkey, the government will pay this difference to the contractor until 15 July 2035. So much so that the two week loss of the bridge cost 20 million to Turkey. Here is the Asset Fund, which will be a great resource to supply these great indemnities.
All of the shares belonging to Ziraat Bank, BOTAŞ, Turkish Petroleum AO, PTT, Stock Exchange Istanbul and Türksat are owned by the Treasury with 6.68 percent of Türk Telekom and Eti Maden and Çaykur's Turkey Asset When it is decided to transfer to the Fund; Yesterday, 49.12 percent of THY and 51.11 percent of Halkbank's shares were decided to be devalued to the Asset Fund. According to experts, the Asset Fund will be used as "collateral" in the already difficult foreign borrowing.
In the previous issue of the Official Gazette, the shares of Ziraat Bank, BOTAŞ, Turkish Petroleum AO, PTT, Stock Exchange Istanbul and Türksat's treasury shares all belonged to Türk Telekom's 6.68 percent Treasury, And that it was decided to transfer Çaykur to TVF.
THE PURPOSE IS TO PROVIDE 'DEBT'
The main activity of Turkey asset fund corporation, which is affiliated to the PRIME MINISTRY; To establish and manage the Turkey Asset Fund and its subsidiary funds in order to contribute to the diversity and depth of the vehicle in the capital markets, which are the establishment and management of the funds, to earn the economy of the domestic owned assets, to obtain the foreign resources and to participate in strategic large scale investment.