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.
Recep Tayyip Erdogan is about to make himself a virtual dictator in Turkey
The proposed constitutional change grants the presidency new powers to directly appoint a vast range of public officials – cabinet ministers, provincial governors, and judges to the highest courts in the land. Simply put, the government’s plans are an enabling act: they are designed to strengthen the individual over the collective.
Thousands pay final respects to Gülen’s brother in Erzurum
Seyfullah Gülen, who died at the age of 72 on Friday and was the brother of Turkish Islamic scholar Fethullah Gülen, was laid to rest in a funeral attended by thousands of people in the eastern province of Erzurum on Sunday.
A destructive option for Turkey takes shape
It is a “parallel state,” Prime Minister Recep Tayyip Erdoğan claims, and the movement gets help from its die-hard loyal media, as well as some leftist-secular circles and even from abroad. Such diversion on this issue helps him buy time, water down the content of accusations and divert attention.
Turkey post-coup purges convulse society
President Erdogan says the state of emergency might be needed for another year to crush the “terrorist” threat. More than 130 media outlets have been shut down, the pro-Kurdish IMC TV the latest victim. The authorities have started releasing 38,000 prisoners, to make way for the new arrests.
The Islamic roots of the conflict in Turkey
he roots of the Gülen movement go back to Said Nursi (1878-1960), a preacher from Eastern Anatolia whose teachings (the Nurcu movement) emphasized the compatibility of Islam with rationalism, science and positivism. Nursi’s main contribution to Islam was a 6,000-page commentary he wrote on the Quran. This body of work is known as the “Risale-i Nur” (The Light Collection) and advocates the teaching of modern sciences in religious schools as the way of the future for an Islamic age of enlightenment.
What we learned from the operation
While the government works to finish off the Hizmet movement, it may even call for the expulsion of the US ambassador from the country. The real duty of Halkbank is to act as Iran’s opening door to the world, and the US blockade has been violated for years. We learned that the pro-government media is allergic to shoe boxes [money used in alleged bribery was found in shoe boxes in one of the suspects’ homes].
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