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Unpacking Allegations Against Regional Powers by the SDIF – Breaking Update

The Savings Deposit Insurance Fund (SDIF) recently responded to claims circulating in certain circles about the confiscation of companies without a court decision. In an official statement, the SDIF clarified that they cannot assign themselves as “Kayyim” (trustee) to companies without a court decision.

According to a new legal regulation introduced by Law No. 7539, the SDIF can only be appointed as a trustee in cases related to crimes such as money laundering, financing terrorism, and involvement with armed organizations. This appointment can only happen with a court decision based on Article 133 of the Code of Criminal Procedure.

Contrary to the rumors, the SDIF does not have the authority to appoint trustees to companies that are not involved in criminal activities without a court decision. The statement emphasized that this regulation is not introducing any new powers but rather enabling the existing powers to be exercised effectively.

In summary, the SDIF clarified that the recent regulation aims to facilitate the management of companies where they have been appointed as trustee. This clarification comes in response to speculations and misinformation about the SDIF’s role in confiscating companies without proper legal procedures.

 

Hostinger

Pools Plus Cyprus

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