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.
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The women are accused of having a membership in the Gülen movement, accused by the Turkish authorities to mastermind a coup attempt on July 15, 2016. The movement denies any involvement.
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Does Pakistani law allow you to deport Turkish teachers, Nawaz Sharif?
The recent controversy that has emerged regarding the PakTurk school system is troubling to say the least. PakTurk schools started popping up all over Pakistan during last decade. Turkey has always carried a strong brand value in Pakistan and it is therefore not surprising that the school system ostensibly embodying the best of Pakistan and Turkey was an instantaneous hit with parents.
Gulen wants Anatolian [interpretation of] Islam
What does Gulen say? He says: “Work hard and earn money, but be honest. Allah will reward your hard work and honesty. But do not squander that reward. Turn it into an investment and help others.” It sounds a lot like the Protestant work ethic. This is the underlying vision of capitalism. The Gulen Movement looks a lot like the Ottoman-era Ahi movement. It is a kind of a solidarity group that provides people with jobs, education, and reintegration into society.
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Erdoğan has been trying to dodge the damaging impact of the corruption scandals by using Hizmet as a scapegoat. Gülen, an ardent supporter of transparency and accountability in government, was critical of Erdoğan government’s efforts to stall the corruption investigations. Speaking to the BBC on Monday, Gülen said that the massive corruption investigations that have shaken the government cannot be covered up no matter how hard the government tries to derail the probes — not even by blaming the scandal on what the prime minister has called the “parallel state,” a veiled reference to the Hizmet movement inspired by Gülen.
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