Survey shows Turkish gov’t seized at least $11 billion of company assets over Gülen links


Date posted: June 7, 2018

Turkish government has transferred about 49,4 billion liras ($11 billion) of assets of 1,124 companies seized from those who have alleged affiliation to the Gülen movement to a special fund under a crackdown that began following a controversial coup attempt on July 15, 2016, revealed by a survey conducted by Brussels-based the Arrested Lawyers Initiative. 

According to the survey, which was published by European Interest, at least 850 of the companies were seized by the government since the coup bid and have now been controlled by the Savings and Deposits Insurance Fund (TMSF).

Survey said, as of June 4, 2018, the TMSF controls 1,124 seized companies and also assets of 127 persons. Among the companies are Boydak Holding, which controls 34 separate firms including the Bellona and İstikbal furniture makers and retailers, which have 1,240 stores. Boydak employs 13,000 people and indirectly creates 110,000 jobs, the survey said.

The names of other seized major Turkish companies cited in the survey include Koza, Dumankaya, Akfa, Orkide, Sesli and Naksan

Turkey has seized the companies under presidential decrees and their owners had no judicial recourse. The proprieters are allegedly members of the Gülen movement. Trustees have been appointed to run the companies against their shareholders’ wishes.

The companies are active in all areas of business and trade such as investment, mining, petrol distribution, automotive, auto-gas, energy, transportation, food, agriculture, home textiles, furniture, jewellery, pharmaceuticals, law and IT, said the survey.

The value of the assets seized does not include those of 127 individuals, 19 unions, 15 private universities, 49 hospitals, 145 foundations, 174 media outlets, 1,419 foundations and another 2,271 education companies, it said. The total value of all assets confiscated could total 100 billion Turkish liras, added the survey.

According to the survey, at the very beginning of the state of emergency (OHAL) declared on July 23, 2016 in the aftermath of the coup bid, 934 private schools, 109 dormitories, 35 hospitals, 15 private universities, 16 unions, 104 foundations, 1,125 associations were dissolved and all their assets including real estates, chattel goods, bank accounts, intellectual properties and other financial assets were transferred to public treasury. As of June 4, at least 4,100 profit-oriented or non-profit legal entities were dissolved, and their assets were confiscated under decree laws without any judicial procedure.

“This arbitrary violation of rights to property has a devastating effect on a county’s prospects for economic development,” the survey stated and added that “Insecurity among investors, domestic or otherwise, as to their investments often result in serious economic crises in countries like Turkey which is heavily dependent on foreign investments and consequently impoverish not only dissidents but also supporters of their respective regimes.

The survey stated that the first victim of the widespread seizing practises was Koza İpek Holding, a conglomerate of 22 companies, including a media group with two TV channels and two daily newspapers. “The holding was seized by Erdoğan Regime on the October 26, 2015 and the management of all of its enterprises were given to a pro-government trustee board.”

“1,124 companies were transferred to the TMSF since July 15, 2016. According to our survey, at least 850 of them were seized after the failed coup attempt. These 1,124 separate companies are running thousands of branches. For instance, Suvari Giyim Co (clothing company) seized by decision of Adana Peace Criminal Judge has 148 branches in 14 different countries; Boydak Holding seized by decision of Kayseri Peace Criminal Judge is running 34 separate companies; only 2 of its 34 companies, Bellona and İstikbal have 1,240 furniture (franchise) stores across the world. Boydak Holding employs 13,000 workers and creates (indirectly) 110,000 jobs,” said the survey by the Arrested Lawyers Initiative.

Website of the Turkey’s TMSF: As announced in the web site of the TMSF, total worth of the seized companies is 49,4 billion Turkish liras and those companies employ 50,192 workers.

Turkey survived a controversial military coup attempt on July 15, 2016 that killed 249 people. Immediately after the putsch, the Justice and Development Party (AKP) government along with President Recep Tayyip Erdoğan pinned the blame on the Gülen movement.

Fethullah Gülen, who inspired the movement, strongly denied having any role in the failed coup and called for an international investigation into it, but President Erdoğan — calling the coup attempt “a gift from God” — and the government initiated a widespread purge aimed at cleansing sympathizers of the movement from within state institutions, dehumanizing its popular figures and putting them in custody.

Turkey has suspended or dismissed more than 150,000 judges, teachers, police and civil servants since July 15. On December 13, 2017 the Justice Ministry announced that 169,013 people have been the subject of legal proceedings on coup charges since the failed coup.

Turkish Interior Minister Süleyman Soylu announced on April 18, 2018 that the Turkish government had jailed 77,081 people between July 15, 2016 and April 11, 2018 over alleged links to the Gülen movement.

 

Source: Stockholm Center for Freedom , June 6, 2018


Related News

Kimse Yok Mu launches large-scale aid campaign for Syrian refugees

İPEK ÜZÜM, İSTANBUL Turkish aid organizations have launched a joint large-scale aid campaign to provide food and shelter from the cold to Syrian refugees who fled to Turkey to escape from the intensifying violence in their country. Syrian refugees in Turkey, whose number has reached 132,920 according to a written statement recently released by the […]

Global Muslim networks: How far they have travelled

IT IS a long way from the Anatolian plains to a campus in the heart of London, where eminent scholars of religion deliver learned papers. And the highlands that used to form the Soviet border with China, an area where bright kids long for an education, seem far removed from a three-storey house in Pennsylvania, […]

Exclusive: Turkey, Kosovo violated fundamental rights of expelled teachers, UN body says

The UN group called on Ankara to release the six individuals immediately, and the Turkish and Kosovar governments to accord the victims an enforceable right to compensation and other reparations, in accordance with international law.

Turkish parents worried about gov’t plan to shut down study centers

Working parents are extremely concerned with a planned move from the Justice and Development Party (AK Party) government to shut down study centers, where children can spend time after school doing their homework with the assistance of educational professionals, as part of a law that will see private prep schools that help students in preparing for high-school and university tests close.

Cameroonian Governor Thanked Turkish Nation for the Turkish Schools

ENSAR TUNA ALATÜRK – BURSA Abakar Ahmat, the Governor of Ngaundere state, Republic of Cameroon, paid a visit to Sahabettin Harput, the Governor of Bursa, Turkey. Mr. Ahmat thanked Mr. Harput for the Turkish schools in Cameroon on behalf of the Turkish nation. Governor Ahmat was accompanied during the visit by the Mayor of Ngaundere Hamadou Dawa, […]

Are Turkey’s Prisoners Hostages?

Rumors have circulated throughout Turkey that, under the guise of averting a prison riot, Erdogan might order his forces to fire on the prisons. It is not a scenario beyond the realm of possibility; after all, the late Libyan dictator Muammar Gaddafi did something similar, killing more than 1,000 political prisoners.

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

Turkish Civil society groups: Lack of hate crimes legislation hurts citizens

‘A bridge should not demolish other bridges,’ says scholar Gülen

Slandering Turkish schools is treason according to well-known politician

Kimse Yok Mu awaiting permission from governor’s office to help martyrs’ families

Terrorist Bahoz Erdal calls on families to protect their children from the Gulen Movement!

Slain prosecutor’s daughter: My father was not with Gülen movement

Students give International Turkish Olympiad a moving sendoff

Copyright 2022 Hizmet News