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.
Despite the fact that Turkey has recently adopted legislation against hate crimes, Turkey’s divisive Prime Minister Recep Tayyip Erdoğan has not stopped his attacks with verbal expressions of intolerance and hatred directed at the judiciary, opposition parties, the media, business groups and members of the Hizmet movement, a faith-based civic movement inspired by Islamic scholar Fethullah Gülen.
Mr. Erdogan’s Jaw-Dropping Hypocrisy
Tayyip Erdogan, has gall. He has jailed tens of thousands of people, shuttered more than 150 media companies and called a referendum in April to enlarge his powers. Yet when local authorities in Germany, for security reasons, barred two Turkish ministers from campaigning among Turks living in Germany, Mr. Erdogan exploded, accusing Germany of Nazi practices and knowing nothing about democracy.
AK Party gov’t searches for scapegoat for stalled PKK talks
Having failed to make progress on the settlement process, which was supposed to pave the way for the disarming of Kurdish militants and address long-standing Kurdish demands, the Turkish government has now turned its attention to finding a scapegoat on which to place blame for the stalled talks ahead of national elections slated for June 2015.
Hizmet unmasks ‘undemocratic’ Erdogan
What appears to be going on in Turkey now is a struggle between the Hizmet movement and Erdogan. However, when you scratch the surface, it is easy to detect the increasing authoritarian and arbitrary rule under Erdogan’s government. All Gulen is doing is asking for a more democratic Turkey.
An early prediction about the next elections
Turkey’s future will be determined in the next election. If the AKP government is not able to gain more than 38 percent of the total votes this time, it will directly affect the future of Turkish politics. Erdoğan cannot be the next president, for instance.
Teacher arrested after repairman found Gülen’s audio CD in computer
A Samsun teacher, identified as Osman K., was detained after a repairman found in his computer a CD that features speeches by Fethullah Gulen. The audio CD, titled Kalbin Miraci, featured faith-based sermons Gulen delivered at mosques in Turkey in the past.
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