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.
Government media runs riot in smear campaign against Hizmet
A news article in Daily Sabah, the new, English-language member of the government’s media lineup, claimed on Monday that the police are ratcheting up measures to patch holes in their security network in order to prevent leaks by Gülenists, a derogatory term used to describe the Hizmet movement.
Erdoğan now at odds with once-closest ally
Those who have an interest in Turkish politics may have been a little confused for the last few weeks, observing the row between Prime Minister Tayyip Erdoğan’s Justice and Development Party (AK Parti) government and the social movement of religious scholar Fethullah Gülen, or the “Hizmet” (Service) movement as they preferred to be called. The row is over the closure of private prep schools (“dershane” in Turkish).
WaPo publishes editorial from Fethullah Gulen on the day Erdogan meets Trump
If nothing else, the timing of this is certainly interesting. Yesterday, Turkish President Recep Tayyip Erdogan arrived in Washington for his meeting with President Trump scheduled for later today. It’s an encounter which I already described as problematic at best, given Erdogan’s new status as a strongman and tyrant, and it doesn’t seem to hold the promise of much benefit on our part.
TUSKON says systematic campaign of defamation under way
The Turkish Confederation of Businessmen and Industrialists (TUSKON) has criticized what it calls a “systematic campaign of defamation against the business conglomerate,” stressing that its business activities, which help contribute to the Turkish economy, should be welcomed.
Turks in America condemn unlawful government action during the corruption probe
The statement read that the language of hatred, violations of the law, intervention in the political process and the defamation of different segments of Turkish society “not only harm the Turkish democracy and Turkey, but also the international image and prestige of the country.”
Turkish PM heads to Brussels for tough talks with EU
Although the prime minister argues that an ongoing corruption and graft probe engulfing his own ministers is simply a plot hatched by an “illegal gang” that he describes as “parallel state” operated by Fethullah Gülen, a cleric in self-exile in the U.S., EU officials have made clear that such rhetoric has not been bought in Brussels.
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