Dear Chairman of the TMSF and the trustees,
The chairman of the SPK, VahdettinErtas, and the members of the SPK have fined the KozaIpek Group and its managers a great deal over a short period of time.
And in answer to our request to appeal to the boarding our opening remarks, they decided to increase the fines, as if they hadn’t fined us enough already.
There is, however, a problem:
All the board members of the Koza Group including the independent ones, were insured internationally between 2009 and 2015 against all monetary fines resulting from being on the board. The SPK fines are clearly covered by this.