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.
It is difficult to predict how the bribery/corruption investigation into several Turkish ministers will end. Although there are those who frame the event as a power struggle between the Fethullah Gulen movement and the government, conspiracy theories expand its dimensions to include the United States and Iran. The government is looking for US and Israeli hands in the operation because of the use of Halkbank to circumvent the sanctions imposed on Iran.
Belgium firm to sue Turkey over Gülen-linked assets
A Belgian company, Cascade Investments NV, has launched an $80 million arbitration claim against Turkey in the World Bank’s International Centre for Settlement of Investment Disputes (ISCID).
Turkish students win most awards at int’l math contest
Students from Turkish schools who competed at the American Mathematics Contest-8 (AMC-8) won the most awards this year, the 26th year of the competition. Turkey’s private school Coşkun Kolej won 18 gold medals — awarded to those with a perfect score. Burç School’s Florya Branch won 13 gold medals, while Bilecik Özel Sevgi Çiçeği Elementary […]
Parents criticize gov’t-led police raids on educational institutions
A number of parents staged a protest on Friday against raids police carried out by the police on Thursday as part of a government-led operation against 26 private schools and educational institutions in Kahramanmaraş province that are inspired by the Gülen movement, a faith-based civil society movement inspired by Turkish Islamic scholar Fethullah Gülen.
Bediüzzaman on the Armenian issue
Question: Armenians are dhimmis. How can dhimmis be equal to Muslims? Answer: Let us not see ourselves in a magnifying mirror. We are to be blamed on this issue. We could not protect them as well as we should have; we failed to demonstrate the justice of Sharia. Because of the wrong practices of autocratic regime, we failed to protect their rights within the Sharia framework…
Education Association Defends Zaman University
The Cambodian Higher Education Association (CHEA) released a statement on Saturday defending Zaman University against calls for its closure over alleged links to a group blamed for the failed coup in Turkey last month.
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