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.
The U.S. may face a choice between geopolitical calculation and human decency
Such movements, especially if they’re Muslim, attract suspicion in the West. In 2008, the Dutch government began investigating Hizmet. Its conclusions were that the movement isn’t involved in terrorism or a breeding ground for radicalism, nor does it oppose integration of Muslims into secular states. In 2015, MLK’s alma mater, Morehouse College, awarded its Gandhi King Ikeda Peace Award to Gülen for his lifelong commitment to peace among nations. But Erdogan insists that Gülen is a terrorist.
Who is escalating tensions?
Whenever someone questions the government’s performance or flaws in Turkey, the Gülen movement is put under the spotlight. And whenever there is a mass protest, the Gezi figures and Alevis are accused of being behind it.
Inside Turkey’s Purge
The police officers came to the doctor’s door in Istanbul at 6 a.m. and one of them said, “You are accused of attempting to kill President Erdogan.” The doctor couldn’t help it; he laughed. “Really? I did that?” The police officers smiled, too. “Yes. Also for attempting to destroy Turkey and for being a member of a terrorist organization.”
Turkish Airlines stops distribution of Zaman and Today’s Zaman on its planes
Turkey’s flagship carrier Turkish Airlines (THY) has put an embargo on dailies affiliated with the Fethullah Gülen Movement, which has been in at odds with the government over an ongoing corruption investigation. The airline, 74 percent of which is owned by the state, had already stopped delivering the English-language daily Today’s Zaman in airport terminals and on planes before slashing the distribution of its Turkish sibling, daily Zaman, by two-thirds.
America’s Friends Get Arrested in Turkey’s Post-Coup Purges
Many of the Turkish officers that are the key counterparts for U.S. counterterrorism efforts have been arrested or purged after a failed coup earlier this month.
Erdogan’s endless legitimacy crisis
Erdogan, who is avoiding dealing with the corruption charges, cannot preserve his government on the dead-end street he has entered.
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