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.
With dangerous and discriminatory language, PM Erdoğan exploits anti-American and anti-Israeli sentiment in Turkish society to demonize his opponents. Can Erdoğan win this game? If Erdoğan were confident enough about the corruption case, maybe he could. Instead of letting justice run its proper course, he used his political power to intervene in the judiciary and police forces. This must be considered the most important indicator of his fall.
Turkey seizes another baklava maker over coup charges, appoints deputy governor as caretaker
An Istanbul court ruled that the state-run Savings Deposit Insurance Fund (TMSF) takes over the administration of Hasan Gultekin Gaziantep Baklavacisi, an 8-store baklava chain. The decision was made as part of an investigation into the Gulen movement. Turkish government has already taken over more than 800 companies either by confiscating or seizing them.
First purification, next habituation
First of all, in terms of historical settings and cultural codes, Turkey has never found the solid ground to have a fully fledged democracy. The political elites have paid lip service to democracy and viewed democracy as an “electoral democracy.” As we see today, once the political elites have come to power they have adhered to authoritarian practices and curbed freedom and rule of law with the aim to serve their own interests.
Turkish high-schooler commits suicide after father was dismissed under emergency rules
B.N.M., a freshman high school student killed herself allegedly after being bullied by classmates and lecturers over her teacher father’s dismissal from the profession due to his ties to the Gülen movement, on Oct. 24.
Police raid successful Gülen-inspired schools in western Turkey
Just after another Gülen-inspired school was raided by the police in the southern province of Gaziantep on Monday, private schools established by the volunteers from the Hizmet Movement were raided in the western province of İzmir on Tuesday morning.
4-year-old visits dad in jail on Children’s Day wearing T-shirt with newborn brother’s picture
Minutes before paying a visit to her jailed father early on Sunday morning, H.A. was photographed in front of Sakarya L Type Prison wearing a T-shirt bearing a photo of her newborn baby brother.
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