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12.7 billion lira bond stayed with TERA

Türkiye ·

Prosecutors in the fund investigation found that Türkiye Sigorta lent TERA a government bond worth 12.7 billion lira without collateral. Allegedly, TERA used the bonds to borrow from the market and could not repay them after defaulting. Another allegation in the file is that 21 billion lira of Türkiye Sigorta's funds has disappeared.

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