TMSF Clarifies: No Discussions with U.S. Investors on Completing Burj Al Babas
The Savings Deposit Insurance Fund (TMSF) has officially denied recent claims that it is in talks with U.S. investors to complete the Burj Al Babas project, where it is acting as a trustee. In a written statement, TMSF emphasized that reports of discussions with the U.S.-based Nova Group Holding are unfounded.
No Negotiations with Foreign Investors
The statement clarified that contrary to media reports, there have been no meetings between TMSF-appointed trustees and Nova Group Holding representatives regarding the completion of the Burj Al Babas project. TMSF also urged the public to disregard speculative news and assured that updates on the project’s progress will be provided as new developments occur.
TMSF continues its trustee duties for the Burj Al Babas project and related 17 companies, as per the ruling by the Gaziosmanpaşa Criminal Court of Peace.
Source: Hurriyet.com / Prepared by Irem Yildiz
