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.
Gov’t effort to bring down bank would have international repercussions
Directing his criticism at the government, Nationalist Movement Party (MHP) deputy and parliamentary Justice Commission member Murat Başesgioğlu voiced out “If you attempt to bring down the bank, you will have negative repercussions in the international arena,” adding “No one will take you [government] serious in the international arena, if you attempt to bring down a bank.”
New York Times : Hundreds of Police Officers Reassigned in Turkey
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Targeted by dictator, Turkish family seeks refuge in Albany
Three generations of a Turkish family were stripped of their livelihoods, life savings, friends and culture in a sweeping purge by the authoritarian regime of Turkey’s President Recep Tayyip Erdogan. They languish as political refugees in a cramped apartment along a busy commercial stretch of Delaware Avenue.
The fall of democracy and predicament of political Islam in Turkey
Hizmet is one of the world’s leading civil society movements. The threatening remarks and the derogatory discourse of Erdoğan against Fethullah Gülen and the Hizmet movement is totally at odds with democratic norms and principles.
‘Consider your husband dead, start a new life,’ prosecutor tells detainee’s wife
Cumhuriyet daily columnist Aydın Engin wrote on Wednesday that the wife of a detainee sent him a letter claiming that a prosecutor told her to consider her husband dead since he can never be freed.
Logistics companies seized over Gülen links sold in fast-track auction
Turkey’s Savings Deposit Insurance Fund announced it has sold Sürat Kargo and Sürat Lojistik, private logistics companies that had been transferred to the TMSF due to their alleged affiliation with the Gülen movement. Numerous private companies were transferred to TMSF due to their alleged links to the Gülen movement before and after a failed coup in 2016.
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