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.
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Political thunder from Turkey rumbles all the way to New Orleans
And how appalling that they should now be exposed to the atrocious anti-Muslim diatribes of a U.S. presidential candidate not all that different from Erdogan in his threats and his bigotry.
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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.
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Totalitarian regimes rely on their ability to manufacture enemies. In his New Year message, President Recep Tayyip Erdoğan referred to a host of “external enemies” and “traitors.” The ruling party characterizes these traitors as the “parallel organization” and “superior mind.” The phrases “parallel state” and “Pennsylvania organization” are used synonymously with the “parallel organization” as well.
Tip of the iceberg
BERİL DEDEOĞLU A significant allegation is circulating. Some people claim that the government wants to close prep schools because of a secret deal with the Kurds. They probably suggest that the Kurds are against the education institutions established by those close to Fethullah Gülen’s thinking, and they want to replace these prep schools with Kurdish […]
Turkish finance minister declines to comment on ‘color lists’
Finance Minister Mehmet Şimşek on Tuesday declined to comment on a question about claims that the government recruits public sector employees using “color lists” to avoid people affiliated with groups such as the Hizmet movement and critics of the government.
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