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.
Turkish daily Taraf accused of ‘spying’ and ‘terror acts’ for publishing state document
Daily Taraf, which published a document from a 2004 National Security Council (MGK) meeting about a state action plan against the activities of Islamic scholar Fethullah Gülen’s movement, has been charged with “spying” and “terrorism,” in an investigation launched by the Istanbul Public Prosecutor.
Half a million people in Turkey subject to prosecution over Gülen links: ministry
A total of 500,650 people have been investigated over real and alleged links to the Gülen movement, the Cumhuriyet daily reported on Monday.
Gulen suspect testifies before US Congress on recent coup attempt
An alleged member of the Fetullah Gulen organization was invited on Wednesday to speak to a congressional panel on Turkey, a stunning move that could exacerbate tensions between Ankara and Washington. Ahmet Sait Yayla was added to the original list of speakers to address the House Foreign Affairs Subcommittee on Europe, Eurasia and Emerging Threats.
Three political risks that Turkey might be exposed to
Economic indicators in Turkey cannot bear the political risk anymore. The currency rates go up whenever President Recep Tayyip Erdoğan makes a statement. Before the elections I had warned that Erdoğan’s election victory would bring instability, but nobody believed this. There are now three major fields of conflict and uncertainty before Turkey.
Khamenei representative says will not set foot in paradise if Gülen is there
A representative of the Iranian mullah regime has voiced his dislike of Turkish Islamic scholar Fethullah Gülen, saying that he will not even enter paradise if Gülen is there.
TÜBİTAK scolded for hiding olympiad winners were from Hizmet schools
The president and members of the government have scolded the Scientific and Technological Research Council of Turkey (TÜBİTAK) for not revealing that the majority of medal winners at two recent scholastic olympiad events were students from schools affiliated with the Hizmet movement, the Taraf daily reported on Tuesday.
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