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.
No secularism or democracy without religious freedom
The gentleman gently said: “However, dear Mr. Alpay, it was clear from the beginning that the AKP had a hidden agenda. But pundits like yourself conveyed a highly positive picture of the AKP government both at home and abroad. You have a responsibility in the situation we find ourselves today.”
Turkish business suffers under Erdogan’s post-coup Gulen purge
Critics of the ruling AKP expect it to sell Gulen-linked companies to government allies in the business world at a large discount. In mid-October the AKP-linked Metro Holding applied to the TMSF to acquire all of Koza Ipek Holding’s shares. Akin Ipek, the fugitive former owner of the conglomerate, asked on Twitter how Koza Ipek’s $600 million in cash and $20 billion in mining assets could be acquired by a comparatively unimpressive entity. Metro Holding’s capital comes to just over $95 million.
Turkey Targets Gulen-Inspired Projects Around the World
In past years, big names in South Africa picked up the annual Gulen Peace Award, a local accolade inspired by a Turkish preacher who has been blamed by Turkey for an attempted coup last month.
Thousands pay final respects to Gülen’s brother in Erzurum
Seyfullah Gülen, who died at the age of 72 on Friday and was the brother of Turkish Islamic scholar Fethullah Gülen, was laid to rest in a funeral attended by thousands of people in the eastern province of Erzurum on Sunday.
Police insult former Zaman columnist for not supporting Erdoğan
Speaking with the Cumhuriyet daily about his last visit to journalists in Silivri Prison in İstanbul, main opposition Republican People’s Party (CHP) İstanbul deputy Mehmet Bekaroğlu said that journalists, including Bulaç, were insulted by police officers during their questioning.
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I don’t know whether they are aware of it, but a danger that needs to be taken very seriously awaits the Gulen movement. In the eyes of the Turkish society, which is believing of conspiracy theories, the Gulen movement is mythicized beyond its real dimensions. The power and influence of the Gulen movement is being so exaggerated that if no precautions are taken, this imagined power will one day destroy it.
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