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 Prime Minister Bülent Arınç on Monday said the image of a fight between his Justice and Development Party (AK Party) government and Hizmet movement is very ugly, adding that the government has never wanted to reach such a point. Speaking on a program on Habertürk TV, he said: “If there are problems, we can […]
Bad news for Erdoğan’s lawyers in the US
Several weeks ago, a lawyer based in England and Canada, Mr. Robert Amsterdam, announced in the US that he had been hired by the Justice and Development Party (AKP) government to sue Fethullah Gülen and the Hizmet movement.
Celebrating Ramadan with Turkish asylum seekers
Haldun and his wife, Funda, fled Turkey about two years ago with their three daughters and are now seeking political asylum in the United States because if they go back to Turkey they face arrest and likely torture. Once a successful manufacturer of washing machine products, Haldun, Funda and their children are now a family without a country; their factory turned over to a government trustee, their passports taken away, and their property and belongings nationalized.
Since the attempted military coup on July 15, the government, empowered by a state of emergency, has fired or suspended about 125,000 people, of whom nearly 40,000 have been arrested, and tens of thousands of others taken into custody. As a result, roughly 800,000 people have been completely cut off from any economic safety net.
Romania Refuses to Extradite Journalist to Turkey
The Bucharest Appeal Court on Friday rejected a Turkish request to extradite a Turkish journalist, Kamil Demirkaya, known for his criticism of President Recep Tayyip Erdogan’s government.
Turkey: A climate of fear; losers in the aftermath of the coup attempt
Turkey at large will lose as Erdoğan chooses the retaliatory path and purges relentlessly, splitting the country into supporters and adversaries. A climate of fear and indignation will envelop not only the many institutions that were hit hard, but Turkey in general, and the Middle East will suffer even further than it is already suffering.
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