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

Tags: | | |


Related News

Prep school transformation plan violates Constitution, experts say

DERVİŞ GENÇ, İSTANBUL A government plan to shut down Turkey’s prep schools — or “transform” them, as the government argues — violates the Turkish Constitution and the case law of the European Court of Human Rights (ECtHR), according to experts. “Parliament can neither close the prep schools with a law nor force them to transform. […]

Who is the winner?

The Gülen community is a movement of volunteers. The real reason for the row is not the community’s attempt to meddle in politics. It is due to its sheer size and public image. As he did with other groups or communities, Erdoğan sought to take full control of the Hizmet movement in an effort to consolidate his power. Following the defeat of the military tutelage, the government saw a convergence of power. However, the Hizmet movement was not a piece of cake which it could swallow easily. The government had previously purged itself of many bureaucrats who are close to the community.

10 arrested for providing food and assistance to families of jailed Gülen followers

Ten out of 33 people who were detained in the western Turkish province of Manisa in early July have been arrested for providing aid to the families of alleged Gülen movement followers.

Teacher tortured to death by Turkish police found innocent, reinstated to job

Teacher Gökhan Açıkkollu, who was tortured to death while in police custody in the wake of a coup attempt in Turkey on July 15, 2016 over alleged membership in the faith-based Gülen movement, was found innocent one-and-a-half years later and “reinstated” to his job.

Group of activists walking across Europe raises 40,000 euros for Turkish refugees in Greece

A group of activists from the UK raised 40,000 euros for needy Turkish nationals who have landed in Greece as refugees in the face of President Recep Tayyip Erdogan’s post-coup witch-hunt.

MİT to monitor all religious groups as potential parts of parallel state

The National Intelligence Organization (MİT) recently sent a document in which all religious communities and groups within state institutions, described as “parallel state structures” (PDY) in the document, were cited as the main target to be monitored in 2014, the Taraf daily claimed on Friday. Analysts are concerned that the government’s attitude may take the form of a witch hunt that will undermine democracy.

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

Two days in Kenya with Kimse Yok Mu

C. African president: Turkish school will have no trouble in my country

Walking in the Shoes of Others: Stepping in and out of Turkey

Kimse Yok Mu to distribute meat in 100 countries

EP says Erdoğan’s ‘treason’ accusation ‘totally unacceptable’

Turkey Has Stolen The Future Of A Medical Student From Uganda

Rule of law(lessness) in Turkey?

Copyright 2026 Hizmet News