Bank Asya answers smear campaign


Date posted: October 15, 2014

Publicly traded Bank Asya roundly denied the ‘baseless rumors’ about its financial status via the Public Disclosure Platform (KAP).

“There have been baseless smear and defamation campaign widely circulating in some press organizations and social media sites” read the statement. “Our bank will apply to the authorities to protect our legal rights in the face of these baseless rumors which are clear violations of banking and capital markets laws and regulations, as well as reason and ethics.”

Pro-government papers had reported claims that the bank was in financial straits, stating that further regulatory measures would be applied to the bank. In the meantime the bank has solidified its capital adequacy ratio at 17.35% in early October, while cash injections from investors have continued.

Bank Asya has been an open target of President Recep Tayyip Erdoğan, who vowed to bring the bank down. He has alleged it is affiliated with the Hizmet movement, whom Erdoğan accused of attempting to topple over the government. One such attempt Erdoğan points to was last year’s high-profile corruption probe, dubbed the 17-25 December corruption probe, which targeted businessmen and individuals close to the ruling AK Party (Justice and Development).

Erdoğan’s actions have received condemnation from across the board for attempting to cover up corruption allegations by positioning the Hizmet movement as a scapegoat.

Source: BGN NEWS , October 14, 2014


Related News

Turkey cooperates with smugglers to catch Gulen sympathizers seeking asylum abroad

A Turkish teacher seeking asylum in Greece claimed that Turkey has been cooperating with smugglers to hunt those fleeing the country.

Ahmet Şık’s book and Ergenekon’s media campaign (3)

Emre Uslu, Sunday January 1, 2012 In a previous article I examined the media campaign against the Ergenekon trials and discussed Ahmet Şık. As I mentioned, the impact of Şık’s arrest was exaggerated because he was allegedly writing a book criticizing the Gülen movement’s influence in the police force, and his arrest was to prevent […]

Erdoğan’s Henchman: Oppression Targeting Gülen Movement To Be More Severe After Zarrab Case

Turkish autocratic President Erdoğan’s former speechwriter and current Justice and Development Party (AKP) deputy Aydın Ünal wrote on Tuesday that the witch hunt against the alleged followers of the Gülen movement in Turkey will eventually become severe as a result of the Zarrab case in the US.

Turks threatened over alleged links to the Gülen movement find a safe haven in Greece

When thousands of Turkish citizens lost their jobs or were jailed over suspected links to the Islamist Gülen movement, they chose self-exile to escape persecution.

The last refuge of losers: deporting a journalist

İHSAN YILMAZ I am sure most of our readers know my Today’s Zaman colleague Mahir Zeynalov better than they know me. He is a very accomplished Twitter user. His Turkish twitter account has 57,000 followers and the English one has 87,000 followers. Last year, he was chosen as one of the 10 most effective twitter […]

Victims of Turkey’s purge exploited also by lawyers with exorbitantly high fees

Victims of Turkey’s post-coup purge have been taking another toll from lawyers who ask outrageously high prices either to keep themselves out of trouble or to exploit from the lost causes. In Turkey, the presumption of innocence has been dramatically reversed and now everybody is assumed guilty until they prove their innocence.

Latest News

This notable Pocono resident has been living here in exile since 1999

Logistics companies seized over Gülen links sold in fast-track auction

That is Why the Turkish Government could Pay 1 Billion Euros

ECtHR rules Bulgaria violated rights of Turkish journalist who was deported despite seeking asylum

Fethullah Gülen’s Message of Condolences in the Wake of the Western European Floods

Pregnant woman kept in prison for 4 months over Gülen links despite regulations

Normalization of Abduction, Torture, and Death in Erdogan’s Turkey

Turkey’s Maarif Foundation illegally seized German-run school in Ethiopia, says manager

Failed 2016 coup was gov’t plot to purge Gülenists from state bodies, journalist claims

In Case You Missed It

Coup d’état attempt: Turkey’s Reichstag fire?

Fethullah Gülen’s message to “Gülen Movement” conference in Senegal

Turkey: Erdogan’s macabre dance in Africa

Turkey detainees tortured, raped after failed coup, rights group says

Members of US Congress withstand intense pressure over press freedom letter

An opposition out of Gulen Community?

What does religion have to do with corruption?

Copyright 2021 Hizmet News