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.
“Yesterday we were sitting together, today they call us terrorists. Immediately overnight they changed.” A conspicuously distressed Turkish national uttered these words during an interview with The Star at the Nizamiye Mosque Complex in Midrand.
Pro-government Yeni Şafak daily fires critical columnist
Pro-government newspaper Yeni Şafak has fired journalist Osman Özsoy after the columnist hinted government pressure on the newspaper to let him go on his Twitter account on Monday.
The aftermath of the failed Turkey coup: Torture, beatings and rape
The Turkish government has embarked on a crackdown of exceptional proportions, targeting people it accuses of being linked to Fethullah Gülen – a Turkish cleric in exile in the US, who the government accuse of masterminding the failed coup on 15 July 2016. More than 10,000 people have been detained since the attempted coup and […]
Fethullah Gulen — His Vision, Our Response
A Muslim religious leader, Fehullah Gulen, is daily in the news, as Turkish president Erdogan accuses him of plotting the recent coup, calling him a terrorist. We are so used to Muslim clerics being or being considered terrorists that we give the matter little thought.
Turkey’s Erdogan vows to cut off revenues of Gulen-linked businesses
“The business world is where they are the strongest. We will cut off all business links, all revenues of Gulen-linked business. We are not going to show anyone any mercy,” Erdogan said, describing the detentions so far as just the tip of the iceberg. The Turkish authorities had already seized a bank, taken over or closed several media companies, and detained businessmen on allegations of funding the cleric’s movement ahead of the failed coup attempt.
What ‘struggle for power’? [Between the Justice and Development Party (AKP) government and the Fethullah Gülen movement ]
A “Fethullahist” parallel state is a conspiracy theory par excellence, exploited by secular as well as Islamist fundamentalists and particularly by the Erdoğan government which vindicates once again the dictum that “power corrupts, and absolute power corrupts absolutely.
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