Bank Asya, a leading Turkish financial institution, announced on Sunday that their corporate governance rating had increased in June over its score from last year.
The bank released the figures in an announcement addressed to the Public Disclosure Forum (KAP). According to a recent report prepared by the Capital Markets Board (SPK), Bank Asya’s corporate governance rating increased from 84.20 in June 2013 to 90.85 in June of this year.
The founders of Bank Asya are known for being affiliated with the Hizmet movement, inspired by Islamic scholar Fethullah Gülen. News reports circulated earlier this year indicating the government had attempted to sabotage the bank, as corporations with close ties to Prime Minister Recep Tayyip Erdoğan withdrew upwards of TL 4 billion from their accounts, accounting for nearly one-fifth of the bank’s deposits.
“There are roads which must not be followed, armies which must be not be attacked, towns which must not be besieged, and positions which must not be contested.” Erdoğan’s most serious problem is this. Based on the fact that he has come out successful in every crisis he has encountered, he always uses the same strategy to overcome difficulties. I call this the “curse of winning every battle.”
Money trail in corruption case
The fact that the government practically stalled the investigation with a major reshuffle of the judiciary, police, watchdog agencies that track money, and finance and banking activities, while pushing emergency laws through Parliament to prevent further investigations and leaks, casts a shadow on how far the Erdoğan government had gone in these dirty deals.
Who is Fethullah Gülen, why is the Gülen movement currently being targeted by the Turkish government?
since 2010 the movement and Fethullah Gülen himself have been critical of the authoritarian tendencies in Turkey. It was noticeable during the Gezi Park protests in 2013. The movement began to belong to the increasingly long list of state enemies, according to Erdoğan and the AKP politicians. Different kinds of actions have been directed since then against a so called “parallel state.”
Australian NGOs support Gülen against PM Erdoğan’s insults
Erhan Bozkurt, a director at AUF, spoke at the press conference, which representatives from the federation’s 38 NGOs, which have been operating all over Australia for 25 years, attended. The Turkish community in Australia, Bozkurt said, was deeply wounded by Prime Minister Recep Tayyip Erdoğan’s insulting language toward both Gülen and the members of his movement, stating that no other religious scholar has been targeted by this many acts of defamation in recent history.
Zaman newspaper: Turkey police raid press offices in Istanbul
Turkish police have raided the offices of Zaman, the country’s biggest newspaper, hours after a court ruling placed it under state control. Police entered the building in Istanbul late on Friday, firing tear gas at protesters who had gathered outside. Zaman is closely linked to the Hizmet movement of influential US-based cleric Fethullah Gulen. Turkey […]
‘Ankara no longer producing laws compatible with EU norms’
When it comes to how Europe sees Erdoğan’s claims and the demonization of the Gülen movement, European Commission officials clearly told Turkish officials, including Çavuşoğlu, that the AKP’s demonization of the Gülen movement seems like an effort by the ruling party to cover up the corruption investigation, because there is no other way to explain why prosecutors and police who have been investigating a major corruption [scandal] were removed.
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