Minister: Turkish gov’t racks up $5 bln in confiscation of Gülen-linked properties


Date posted: October 8, 2016

The value of immovable properties including dormitories, real estates and schools that the government has confiscated as part of its clampdown against Gülen movement so far, totals around TL 15 billion or $4.9 billion, according to Environment and Urban Planning Minister Mehmet Özhaseki.

A total of 3,333 premises were taken over by the Finance Ministry and 2,086 others by the Prime Ministry’s Directorate General of Foundations as part of government decrees issued under emergency rules, Özhaseki said.

The government seized another 1,176 properties that were not covered by decrees, the minister said adding that authorities also blocked 155,000 transactions concerning sales and transfers of properties.

“All those immovable properties worth around TL 15 billion,” Özhaseki said.

Yet, figures given by the minister do not fit with those of Akın İpek, the CEO of Koza İpek Holding until the conglomerate’s confiscation, who said that 18 of the group’s confiscated companies alone were worth over $10 billion.

Government-run Savings Deposit Insurance Fund (TMSF) President Şakir Ercan Gül announced this week that the government has seized a total of 252 companies over their alleged links to the movement.

The government accuses the movement of masterminding a July 15 coup attempt even though the latter denies involvement, demanding credible evidence.

The government’s crackdown against the movement, however, is not limited to the period following the coup attempt since the managements of many institutions affiliated with the movement have already seized by the TMSF over the course of the past three years.

Among the large conglomerates that have recently been confiscated by the TMSF are Koza-İpek Holding, Boydak Holding, Dumankaya Holding, Kaynak Holding and Naksan Holding.

The government also seized Turkey’s then-largest Islamic lender, Bank Asya, over its ties to the movement.

Source: Turkey Purge , October 8, 2016

Tags: | | | |


Related News

Turkey Concedes: No Evidence Linking Gulen to Coup Sent to Washington

Turkey is conceding it has not sent any evidence to Washington linking Fethullah Gulen to the failed July 15 coup attempt, despite increasingly angry calls by Ankara for the United States to extradite the Pennsylvania-based cleric or suffer a severe downgrade in diplomatic relations.

Turkey’s Ongoing Crackdown: nearly 13,000 police officers suspended for alleged links to the Gulen movement

President Recep Tayyip Erdogan has suspended nearly 13,000 police officers over suspected links to Fethullah Gulen, the U.S.-based cleric Turkey says is responsible for the July 15 coup attempt. Erdogan’s critics believe he has used the coup as an opportunity to crack down on his political opposition. Erdogan was often accused of trying to silence critics.

A legal guidebook for ‘perception engineers’

The campaign to manipulate public perceptions of Fethullah Gülen and the Hizmet movement which is inspired by Gülen’s ideas is stepping up pace once again. The “wag-the-dog” strategy is wielded once again in an effort to distract public attention.

Is Former Chief of General Staff Özkök a Closet Gülenist

JOOST LAGENDIJK In Turkey, it is very easy to learn about all the different points of view. Columnists and editors from all newspapers and TV channels have come forward with their often very outspoken assessments. In Europe and the US it’s much harder for people to get a real good picture of the significance of […]

TV station won’t cover AK Party events due to harassment of reporter

A national TV station announced on Monday that it will no longer send reporters to Justice and Development Party (AK Party) rallies after one of their reporters was harassed by party supporters on Friday during the party rally organized to welcome Prime Minister Recep Tayyip Erdoğan at İstanbul Atatürk Airport.

Real democrats cannot politicize Islam

Since the mid-1960s, the Hizmet movement has been the sole actor representing civil Islam in Turkey, and for over a decade the Hizmet movement has gained a worldwide reputation for its educational and interfaith dialogue activities.

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

That Erdogan’s War With Education In Africa

Even a village cannot be ruled this way

Mysteries, and a Crackdown, Persist a Year After a Failed Coup in Turkey

Ankara assassination: Why Erdogan blames the Gulenists and ignores the jihadists

Friendship Dinner hosted by Pacific Dialogue Foundation in Philippines

Woman with soft tissue tumor held in Ankara prison for 8 months: report

Gülen extends condolences over death of Saudi King

Copyright 2025 Hizmet News