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.
In the past three weeks, the AK Party has proposed new laws to increase government controls over judges and prosecutors, and many investigations have slowed down, raising suspicions that the government might be trying to hide something.
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Nobody thought Turkey’s powerful Prime Minister Recep Tayyip Erdogan would be caught so off guard — not after last summer’s Gezi Park protests — as he apparently was before the major graft probe, which involves four of his ministers, including the minister of interior and his sons. It is clear he sees a “shadow state” behind the operation and holds the Gulen movement responsible. Indications are Erdogan intends to “strike back” with a massive purge within the police.
Jurist’s report highlighting illegality of Karaca’s arrest submitted to top court
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Arrested Turkish Development
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