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English Last updated 16:55
28.05.2004
Erturk : You Play a Trick on 500 %

The President of the Savings Deposit and Insurance Fund (TMSF) reacted at Erol Aksoy who claimed that a 500 % interest rate was charged on his debts, that 500 % interest was the burden of Aksoy to the budget of the state.

TMSF confiscated 38 firms of Aksoy on grounds that he did not make any proposal on paying his debts amounting to 850 million dollars. A high-ranking official from TMSF said that Aksoy owed 1.6 billion dollars with standard interests, to the Fund.

Erturk said that those who collected deposits under the limitless guarantee of state, had the society pay the price. He said that the operations to the debtor groups opened the way of congested talks.

 
(Hürriyetim)


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