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

Islamic scholar Gülen calls for calm among supporters

Islamic scholar Fethullah Gülen has called on his supporters to remain calm and be patient in the wake of rumors that Istanbul police were planning to start an operation to round up hundreds of people close to his movement. Gülen called for patience and calm among the relatives of those who are being probed or expecting probes against them, advising them to pray and read the Quran.

Kimse Yok Mu holds iftar dinner for Bosnian orphans

KYM has been active in Bosnia for some time. The foundation gave away scholarships in the amount of 50 thousand dollar in April. Besides, the children received clothing aid. The foundation also provided both monetary assistance and eight-truck load of basic needs in the aftermath of the recent flooding disaster.

Gülen convinces people that Islam is integral part of global order

SEVGİ AKARÇEŞME, ABANT/TURKEY Professor Hans Köchler from Austria, the president of the International Progress Organization (IPO), has said the European Union’s resistance to Turkey’s membership is not due to its identity or its Islamic culture, as some argue, but mainly for economic reasons. The Abant Platform organized by the Journalists and Writers’ Foundation (GYV) hosted […]

Burc Schools achieve 13 medals in AMC 8

350 thousand students, in total, from 6000 schools around the world participated in this year’s AMC 8, recognized as the world’s most prestigious math contest involving middle schoolers. Among the participating Turkish schools, Adana Burc Schools’ students achieved a notable success by winning 13 medals. Turkey, South Korea, China, US, Canada, Russia and Taiwan constitute the award winning countries in the event.

The view from Brussels

The idea in Brussels, like among all sound-minded people here in Turkey, rather, is that the Erdoğan government is using the “parallel state” conspiracy theory as a pretext to suppress the investigation into the gravest bribery and corruption charges in the history of the country and destroy the achievements of the last 10 years in terms of democracy and the rule of law.

What can Christians learn from a global Islamic movement?

Clearly, the Gülen movement is reeling from the campaign against it in Turkey. However, it has been a genuinely international movement for many years. As it struggles in Turkey, it may well flourish elsewhere among those who react against Erdoğan’s vitriolic campaign against Gülen.

Latest News

Turkish inmate jailed over alleged Gülen links dies of heart attack in prison

Message of Condemnation and Condolences for Mass Shooting at Bondi Beach, Sydney

Media executive Hidayet Karaca marks 11th year in prison over alleged links to Gülen movement

ECtHR faults Turkey for convictions of 2,420 applicants over Gülen links in follow-up to 2023 judgment

New Book Exposes Erdoğan’s “Civil Death Project” Targeting the Hizmet Movement

European Human Rights Treaty Faces Legal And Political Tests

ECtHR rejects Turkey’s appeal, clearing path for retrials in Gülen-linked cases

Erdoğan’s Civil Death Project’ : The ‘politicide’ spanning more than a decade

Fethullah Gülen’s Vision and the Purpose of Hizmet

In Case You Missed It

European rights body says Turkey violated own constitution in post-coup crackdown

Khamenei representative says will not set foot in paradise if Gülen is there

Is Hizmet being subjected to genocide?

Gulen-inspired NGO opens health and education complex in Uganda

“The Broken Jug” now in the languages of the world

Erdoğan government opposes democratic values: detained Turkish journalist

Erdoğan using hate speech against Gülen movement, says MEP

Copyright 2026 Hizmet News