Turkish Gov’t Seizes 965 Gülen Movement Affiliated Firms With $11.3 Billion Worth


Date posted: July 9, 2017

Turkish Deputy Prime Minister Nurettin Canikli said on Friday that the Turkish government has seized 965 companies which were affiliated to the Gülen movement. The value of assets belonging to companies seized by the Turkish state during the ongoing state of emergency is also announced as nearly 41 billion Turkish Liras (around $11.3 billion).

In a statement, Canikli said the Savings Deposit Insurance Fund (TMSF), operating through state of emergency decree laws, has been given power of trustee over 965 seized institutions. The TMSF was also appointed as a trustee for the seized assets of 107 individuals.

The Turkish government has been confiscating the private property of non-loyalist businesspeople without due process on unsubstantiated charges of terrorist links.

The companies are alleged to be connected to the faith-based Gülen movement, with the government coining the term “FETÖ” to designate the movement as a terrorist organization despite the lack of any court verdict to that effect.

The government accuses the movement of masterminding the failed coup attempt  on July 15 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 organizations affiliated with the movement have already been seized by the TMSF over the course of the past three years.

 

Source: Stockholm Center for Freedom , July 7, 2017


Related News

Clash of two Islams in Turkey

Mr. Gulen and the movement which takes his name are rooted in the mystical tradition of Islam and focus on education and social and cultural projects while Mr. Erdogan is an advocate for political Islam and its desire for political power.

The Erdoğan mafia

Turkey is now run by a mafia. Prime Minister Recep Tayyip Erdoğan is at the top of this organization. He has created parallel financial, social, religious and legal structures to maintain this mafia organization.

Barton: Erdoğan intoxicated by power, imperiling democracy in Turkey

Professor Greg Barton, acting director of the Centre for Islam and the Modern World at the Melbourne-based Monash University has expressed his concerns about the course of events in Turkey in terms of basic rights and democracy.

TUSKON brings together businesswomen from Turkey, Russia

The Confederation of Turkish Businessmen and Industrialists (TUSKON) organized a meeting in Moscow on Thursday that brought together businesswomen from Russia and Turkey as part of its attempts to establish closer economic ties between the two countries. The businesswomen held talks to seek out business opportunities during the program.

Kosovo’s Parliament To Probe Deportation Of Six Turks

Kosovo’s parliament on April 4 voted to establish a panel to investigate how and why six Turkish citizens who are opponents of Turkish President Recep Tayyip Erdogan were arrested and deported to Turkey.

Why is the government freeing bloody murderers?

The government is continuing to act in panic. In the last couple of months, every single step it has taken has somehow been related to the graft probe, and they all are being taken to suffocate the corruption investigation. The government is freeing Ergenekon suspects willingly and on purpose to create an alliance against the so-called “parallel state,” as they call the movement inspired by Fethullah Gülen.

Latest News

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

University refuses admission to woman jailed over Gülen links

In Case You Missed It

TUSKON: Twitter ban a disappointment in information age

Inspector candidate labeled ‘red’ by ministry confirms profiling reports

Fethullah Gulen issued the following statement on the Orlando shooting attack

Turkish charity Kimse Yok Mu opens two orphanages in Burundi

‘If I had the power, I would let Turks take charge of our schools’

Behind the war over prep schools [in Turkey]

Exiled cleric Gulen explains why he thinks Erdogan has branded him a terrorist

Copyright 2022 Hizmet News