Financial Market Council (CMF) Refers TSI and its CEO to Justice for Serious Irregularities
The Financial Market Council (CMF) has referred the file of the Tunisian-Saudi Investment Company (TSI) and its CEO to the judiciary due to serious irregularities detected in its management and administration.
The referral was made by the CMF's delegated president to the Public Prosecutor's Office near the Court of First Instance in Tunis, pursuant to Article 29 of the Code of Criminal Procedure and Law No. 94-117 of November 14, 1994, on the reorganization of the financial market. The CMF is thus relying on its mandate to protect savings and ensure the integrity of the market to initiate judicial proceedings against TSI.
In parallel, the market is conducting in-depth investigations into the various shortcomings observed and is implementing conservatory measures to protect clients' assets and rights. A disciplinary procedure has also been initiated against the parties involved, pending the outcome of the judicial proceedings.
The CMF reaffirms its strong commitment to upholding the law and defending investors, affirming its willingness to act firmly against any breach of transparency and regularity in the financial market.
