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The head of Turkey's Capital Markets Authority, Mahmoud Sütço, has resigned due to health reasons amid a serious crisis impacting the country's investment funds sector. At the same time, Turkish Deputy Treasury and Finance Minister Osman Çelik announced his retirement starting today amid the escalating crisis that has affected hundreds of thousands of investors, with 131 investment funds being liquidated since September. The Central Bank indicated unsubstantiated movements in stock prices related to portfolio management funds, as authorities seek to implement regulatory measures to protect savings and enhance transparency.
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