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.
PM Erdoğan continues with insults, threats against Hizmet movement
Erdoğan put the blame on the “parallel state,” claiming that the whole thing was a plot against the government. Instead of explaining why manager of public bank Halkbank had $4.5 million placed in shoeboxes and why son of former minister of interior, had TL 1.5 million ($0.7 million) in safety boxes in his house when police arrived to take them under custody.
Pakistan Today Editorial: The Turkish connection and Turkish schools
Surely nobody at the joint session really believed Mr Erdogan’s warning about the threat the so called Gullen Network presents Pakistan. No doubt the Turkish president really believes the Network – which ran schools here till just before his visit – is just as dangerous for Pakistan as al Qaeda, etc.
Azerbaijan detains Turkish teacher under UN protection as wife fears deportation
Taci Şentürk, a Turkish teacher who was working in the Azerbaijani capital of Baku, was taken by police to an unknown place after UN officials stopped his deportation to Turkey at Baku Heydar Aliyev International Airport on June 7, his wife said.
Gülen’s lawyer: Doctored tapes part of plans to finish off Hizmet movement
Nurullah Albayrak, the lawyer of Turkish Islamic scholar Fethullah Gülen, released several recorded phone conversations of his client on Wednesday, saying they were illegally wiretapped in violation of individuals’ privacy and that some politicians are using them as an instrument in their shady plan to finish off the Hizmet movement.
Saudi Scholar: Turkish gov’t must give up ‘terrorist’ slander against Gülen
One of Saudi Arabia’s prominent scholars and academics, Professor Hatim b. Arif al-Awni said that Fethullah Gülen is far from terrorism, extremism and violence.
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Turkey’s leader for almost 12 years, Erdogan contributed to economic successes and democratic reforms during his first and second terms. However, emboldened by consecutive election victories and incompetent opposition parties, he is now leading Turkey toward one-man, one-party rule.
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