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State Minister Ali Babacan, the biggest scandal in the history of Turkey in the event that the Development Bank, but said the phones collected from

State Minister Ali Babacan, "the biggest scandal in the history of Turkey" in the event that the Development Bank, but said the phones collected from citizens moved into the records with the money suitcase. Babacan, "The money has gone somewhere through official channels is almost detected." said. STATE Minister Ali Babacan emphasized that the findings so far in Imar Bank are that "the deposits collected were smuggled somewhere in cash without ever entering the records". Babacan, who thinks that this is also carried in suitcases, said, "Such a large amount of money has not been detected in official records so far." said.

State Minister Ali Babacan, who answered the questions of Fatih Altayl and the audience in the program of Irrigation Teke Tek on Kanal D, described the mar Bankas incident as "the biggest scandal in Turkish banking history", and that a similar recording incident was in the Dominican Republic and its size was 3 billion dollars. stated its appreciation. Babacan said, "It seems that it has been going on for years, even that computer is being written. It is being written in 1992." he spoke.

Reminding that I have reached an account more than 10 times more than 8 quadrillion deposits in the information collected from 380 thousand depositors, Babacan said, "This is not the issue of a bankrupt bank." said. Babacan said, "It is understood from the first reports that this bank was robbed by its bosses or managers. The collected deposits were smuggled somewhere in cash without entering the records." he dwelling. Altayl's "Are those places certain?" to the question, "It is immediately determined from official channels, that course work continues." Responding to Babacan, Altayl's "Did they take it with a suitcase then?" Supporting the question, "It looks like that, because such a large money outflow has not been detected in official records until now. After that, the subject of investigation, studies continue." said.

In addition to this, Babacan, who was collected from the citizens, whose license was accepted, which corresponds to 750 trillion citizens collected from the citizen, said "This is the point of astonished dreams" on the question of Altayl "How could it not be noticed". Emphasizing that the issue will also be examined in the surveillance audits of the BRSA (Banking Regulation and Supervision Agency) and CMB (Capital Markets Board), Babacan announced that the BRSA (Banking Regulation and Supervision Agency) and the CMB. Babacan said, "How has it been undetected, how it has been overlooked, not caught, it will appear in other reports about this in the coming months", and noted that these studies may take 1, 1.5 years.

"This money will be collected from those who take it." Speaking on the question, Babacan said that in the 6th review, questions about some articles on this issue were submitted to the Ministry of Justice and added to the draft law. Standing on the property in the court related to the BRSA, Babacan said, "Is it possible to accelerate, it is possible. This is a precautionary situation for his shares in some companies, of course, they can be accelerated. Efforts are investigating to accelerate." he spoke.

Our internal debt will jump because of the reconstruction robbery.

STATE Minister Ali Babacan stated that the mar Bank bill, which reached approximately 9 quadrillion liras with the short sale of Treasury Bills, will not be reflected in the budget, and explained the formula for this as follows: '' This figure will cause a one-time jump in the Treasury's debt stock. The effect on this is beyond the interest expense of the debt. There will be no related impact on non-interest expenditures or revenues. The primary surplus will not be affected by this. A separate account, our public debt stock will unfortunately increase. But when the courts are concluded, then these revenues reduce the debt stock "

Refer to They unpacked the mar Bank with a suitcase . One key issue is the following: 380 thousand depositors claim, they have collectively deposited 8 quadrillion whereas according to mar Bank records deposits equal 750 trillion {(8 quadrillion / 750 trillion)> 10}. Explain How one comes up with the 8 'cation' figure? (HINT: think of passbook) , Does the presence of deposit insurance make such an outcome (namely the discrepancy between 8 quadrillion vs 750 trillion) MORE or LESS likely? Briefly explain.

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