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.
Police raid building Fethullah Gülen resided in 55 years ago
Edirne police, joined by a group of gendarmes, stormed a building in the city where US-based Turkish scholar Fethullah Gülen resided in 55 years ago when he worked as an imam at the famous Üç Şerefeli Mosque.
Turkish government defiant as battle over prep schools rises
Both the government and the Gülen movement have raised the stakes in the debate over a plan to regulate private prep schools, or dershanes. The tension recently peaked, with Erdoğan describing the group’s objection to his government’s plans as a “smear campaign.” Ekrem Dumanlı, editor-in-chief of daily Zaman, which is known for its close ties with the Gülen movement, wrote an open letter to Erdoğan and urged him to review his decision.
Gülen becomes litmus test for American media
The International Herald Tribune and the New York Times published a story on Fethulah Gulen and the civic society movement he has inpsired, the Hizmet movement. It was the same story with different headlines. It was full of mistakes if not defamation. Below is a detailed analysis of the the news.
The Gulen Movement has become Turkey’s most significant export
The Gulen movement has become a global movement. In other words, it is Turkey’s most important export. When you cross boundaries, you have to watch the balance. His statement on the flotilla incident was both domestic and international. However, we must not forget that Gulen does not recommend that people fight those in authority. His statements disturbed both the government and the conservatives in Turkey.
Ex-minister denies claims over helping ‘parallel structure’ while in office
Former Justice Minister Sadullah Ergin has denied allegations in a recent police report which claimed that he helped the so-called ‘parallel structure’ setting up its own cadre at the Justice Ministry during his term in office.
From republic to al-mukhabarat state
As seen in [an official] document published on Friday, MİT has ordered its branches to finish off Hizmet and other religious groups. MİT now stands above all other institutions of Turkey, as well as the judicial and legislative branches.
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