According to present knowledge Capital Group SP z o. o. offers so called “fixed term agreements” to the public. By doing so, Capital Group SP z o. o. conducting deposit business within the meaning of section 1 (1) sentence 2 no. 1 of the KWG without the required authorisation from BaFin.

For this reason Capital SP z o. o. conducts the deposit business without the required authorization of BaFin.

The order to wind-up obligates Capital Group SP z o. o. and Mr. Celal Cakir in his role as managing director of Capital Group SP z o. o. to repay the deposits immediately.

The orders are final and conclusive.

BaFin points out that “Capital Group” based in Poland has no relationship neither to the company “Capital Group” headquarter Los Angeles, California, information available on the internet https://www.capitalgroup.com and https://www.capitalgroup.com/europe/ nor to the company „The Capital Group“, based in Bethesda, Maryland USA, information available on the internet https://www.capgroupfinancial.com/.

BaFin has become aware that the Capital Group Poland is offering “assistance” by saying that in light of the impending insolvency it would be willing to exchange the fixed-term investments for shares of another company in return for a further payment. This is a known strategy that serves only to increase the losses suffered by those concerned. See also the joint warning issued by BaFin and the Federal Criminal Police Office (Bundeskriminalamt – BKA) no. 1 to 9 (https://www.bafin.de/SharedDocs/Downloads/DE/Anlage/dl_schreiben_warnung_bafin_bka.html) in this regard.