Bank Asya lawyers call upon B Group shareholders to join against seizure

Bank Asya
Bank Asya


Date posted: June 25, 2015

YELDA ATAÇ / ISTANBUL

Publicly traded Islamic bank Bank Asya’s owners have launched 100 cases against the seizure by regulators, with lawyer Süleyman Taşbaş emphasizing that lawsuits can also be filed on behalf of the 18,000 shareholders corresponding to the B Group shares.

The total number of cases filed against the seizure of the bank in late May and the management overhaul in February has now reached 100, with the legal team of the A Group shareholders demanding the return of the bank’s operations and the management. The Banking Regulation and Supervision Agency’s (BDDK) orders led the Savings and Deposit Insurance Fund (TMSF) to first take over the bank’s management on February 3rd and then banking operations of the lender on May 29th.

Speaking to Bugün daily, Taşbaş said that the number of cases may reach 110 with the main case file reaching 500 pages, pointing out that the B Group shareholders will also have the opportunity to file cases until the legal deadline expires in the next 35 days. In a public call out to the 18,000 B Group shareholders, Taşbaş said “If individuals want to prevent any abuse of their rights that may come in the future, they have to open cases.”

Taşbaş expressed hope that the courts will act objectively in reviewing the cases. Bank Asya had long been subject to political attacks prior to the measures imposed by the BDDK, with President Recep Tayyip Erdoğan even stating that the bank “had already failed” despite the fact that the publicly traded Islamic lender had one of the best capital adequacy ratios of the sector. Defamatory rumors published by pro-government press over the past year and a half have been challenged, yet remain unpunished.

Süleyman Taşbaş also said that a criminal complaint will be filed with the prosecutors against the bureaucrats working at the regulatory agencies who took part in the seizure of the bank and its management.

The Bank Asya shareholders’ lawyer reiterated that the February 3rd takeover of the bank’s management – on the grounds that it had disclosed insufficient information pertaining to its founding shareholders – was neither justifiable nor true.

“Bank Asya had achieved more transparency than the rest of the banking sector. We have stressed this fact over and over again and have made strong arguments against the issues underlined by the BDDK. Therefore we are hopeful of a positive outcome,” he said in a prior statement to the press on Tuesday. Taşbaş reiterated that the regulator had not been able to report any illegal activity by the bank, adding “there is no way to mask the illegal measures taken against the bank.”

The February 3rd management takeover occurred when the Banking Regulation and Supervision Agency only processed documentation corresponding to the ownership of 37 percent of the shares instead of the 53 percent which had been submitted. Even though more than 90 percent of the documents have since been completed and submitted, management still has not been handed back.

The May 29th seizure proved even more scandalous, with TMSF President Şakir Ercan Gül himself recognizing the bank’s strong financials in a statement to a Turkish news station on June 1st, “The bank’s assets are positive. We will not be touching shares either belonging to the owners or those which are publicly traded.”

Source: BGNNews , June 25, 2015


Related News

Despite blocking accounts, Kimse Yok Mu able to collect donations

Despite the latest step in a government crackdown on Turkey’s UN-affiliated aid organization, Kimse Yok Mu, in which two banks blocked the organization’s accounts, administrators for the charity have said they are still able to collect money through their other accounts.

Erdoğan officially declares his despotism

Erdoğan delivered a speech that will be remembered as a disgrace in political history as he referred to the struggle against the Hizmet movement.He not only confessed that the government has been tyrannizing certain social segments but also openly revealed future illegalities.

Could assassination attempts be made against politicians?

Given the fact that Gülen is the foremost advocate of nonviolence and the only promoter of dialogue with different segments of society, including Jews and Christians, it was surprising for many political observers to see Gülen’s movement being labeled as hashashins.

Gülen Speaks to Süddeutsche Zeitung daily, warns of on-going witch hunt against Hizmet

“The impression is that Turkey is moving away from a state of democratic, secular and social values and turning into a single party, and even further, a one man state,” noted Islamic preacher Fethullah Gülen, who lives in self-exposed exile in the US, echoing widely expressed criticism of President Recep Tayyip Erdoğan and the current government.

Cihan TV network celebrates 10th birthday

AYTEN ÇIFTÇI / MEHMET TAYANÇ / KORAY TEKIN, İSTANBUL The Cihan TV network, which encompasses 94 local and regional television broadcasters, marked the 10th anniversary of its establishment on Thursday night. Members of the network, established in 2003 to strength local media, benefit from accurate, fast and trustworthy news sources for free. A reception was […]

History teacher gives birth to her third child in prison

Under arrest as part of an investigation into the Gulen movement since Nov 3, 2016, history teacher Özlem Meci gave birth to her third child in prison. Özlem delivered her third child, named Murat, on Feb 15, 2017 but her requests for trial without arrest have remained inconclusive so far.

Latest News

Fethullah Gulen – man of education, peace and dialogue – passes away

Fethullah Gülen’s Condolence Message for South African Human Rights Defender Archbishop Desmond Tutu

Hizmet Movement Declares Core Values with Unified Voice

Ankara systematically tortures supporters of Gülen movement, Kurds, Turkey Tribunal rapporteurs say

Erdogan possessed by Pharaoh, Herod, Hitler spirits?

Devious Use of International Organizations to Persecute Dissidents Abroad: The Erdogan Case

A “Controlled Coup”: Erdogan’s Contribution to the Autocrats’ Playbook

Why is Turkey’s Erdogan persecuting the Gulen movement?

Purge-victim man sent back to prison over Gulen links despite stage 4 cancer diagnosis

In Case You Missed It

Prove it [that Hizmet linked to graft operation]

Inside Turkey’s Purge

Two volunteers of Gülen Movement reportedly abducted after released by Azerbaijani Court

Winds of ‘ijma’ beginning to pick up speed

The consequences of tyranny never change

Gülen lawyer denies claims of shooting movie about Erdoğan family

Kosovo PM Haradinaj: Deportation of Turkish citizens was hasty

Copyright 2025 Hizmet News