Bank Asya, a leading Turkish financial institution, announced on Sunday that their corporate governance rating had increased in June over its score from last year.
The bank released the figures in an announcement addressed to the Public Disclosure Forum (KAP). According to a recent report prepared by the Capital Markets Board (SPK), Bank Asya’s corporate governance rating increased from 84.20 in June 2013 to 90.85 in June of this year.
The founders of Bank Asya are known for being affiliated with the Hizmet movement, inspired by Islamic scholar Fethullah Gülen. News reports circulated earlier this year indicating the government had attempted to sabotage the bank, as corporations with close ties to Prime Minister Recep Tayyip Erdoğan withdrew upwards of TL 4 billion from their accounts, accounting for nearly one-fifth of the bank’s deposits.
Deputy says AK Party tainted by corruption as he resigns
Çetin criticized the emergence of a narrow clique within the party that has replaced the people who have worked diligently and honestly for the party since its establishment. “The AK Party has swiftly drifted away from its original identity and entered into the hegemony of a narrow oligarchic structure as a minister who resigned stated,” said Çetin, adding that the people are once again disappointed by a political party.
The tragic story of a Turkish family fleeing to Greece from persecution
When the body of the 5-year-old Aylan Kurdi was found in the Greek island of Kos in 2015, Turkish president Erdoğan said: “What has drowned in the Mediterranean is not only the refugees. Humanity has drowned in the Mediterranean Sea.” However, President Erdoğan didn’t say a word about Turkish family’s tragedy, who were fleeing from the persecution of his own regime this time.
Baseless allegations damage publicly traded firms
The ruling Justice and Development Party (AK Party) government has tried to scapegoat the Hizmet movement via conspiracy theories to evade attention stemming from the corruption allegations. A number of news stories broke soon after Ala’s claims, reporting that Bank Asya’s accounts were being scrutinized for misconduct.
Dozens detained in gov’t witch-hunt against Gülen movement
As part of an escalating witch-hunt against groups affiliated with the Gülen movement, the police have arbitrarily detained dozens of people across the country, including human rights defenders and philanthropists, using bullying tactics and unlawfully cuffing law-abiding citizens.
Gulen-linked school manager released on bail by Tbilisi court
The manager of a private school linked to the exiled Turkish preacher Fethullah Gülen was released on bail by a Tbilisi court on Monday. Mustafa Emre Cabuk was arrested in May, 2017 in what appeared to be a case of pressure exerted by Turkey on Georgian authorities to crack down on institutions associated with Fethullah Gülen.
Amnesty: 500,000 Kurds displaced in Turkey’s Southeast due to curfews, crackdown
Tens of thousands of residents of the UNESCO World Heritage Site of Sur are among an estimated half million people forced from their homes as a result of a brutal crackdown by Turkish authorities over the past year which may amount to collective punishment, said Amnesty International in a new report.
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