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.
Ex-AK Party delegate slams persecution of Hizmet movement
There are few individuals in Turkish political history with such a long career as Haluk Özdalga. Having formerly served with the Democratic Left Party (DSP) and the Republican Peoples Party (CHP), Özdalga joined the AK Party (the ruling Justice and Development party) with high hopes for democracy in 2007.
Tariq Ramadan says Erdoğan should practice what he preached to Mubarak
Prominent scholar Tariq Ramadan, grandson of the founder of the Muslim Brotherhood, has criticized the Turkish prime minister for seeking more power and urged him to rethink staying in power for a longer time. Ramadan said, Prime Minister Recep Tayyip Erdoğan once told former Egyptian President Hosni Mubarak — that one day he will have to know how to leave — is true for him as well. “[Erdoğan] also needs to get this right.”
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.
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When will the world pay heed to the humanitarian crisis on Erdoğan’s home turf that engulfs more innocent people by the day, even crying babies? Erdoğan’s paranoid purge of perceived political enemies has landed hundreds of babies and toddlers behind bars, sometimes arresting mothers on the very day they have given birth.
Bolu municipality builds road inside Hizmet affiliated Fatih College’s garden
The Bolu Municipality, Turkey, having previously closed down two schools belonging to businesspeople affiliated with the faith-based Hizmet movement in early July, has now constructed a road inside the garden of Fatih College, a high school, despite the fact that the school is surrounded by empty plots of land and no residential area exists around the school.
Saudi scholar finds what he has been looking for in Gulen
The prominent Saudi scholar Salman Al-Ouda said : “From this day on, I will refer people from our world to you. Please let them see all these services because we have serious problems in our world. We have a radical Salafi line and an emerging secular one. But we need a moderate attitude which is, I believe, the Hizmet. Please do not neglect it and tell them about the Hizmet. It is of vital importance for us.”
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