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.
While on its face, the notion that elements in the Turkish military loyal to President Recep Tayyip Erdoğan deliberately launched a “fake coup” to justify a crackdown on Erdoğan’s enemies sounds farfetched, the belief is taking hold not only among Turkey’s staunch secularist minority and followers of Pennsylvania-based cleric Fethullah Gülen, but also among those who know the Turkish military well.
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.
Yalçınbayır: Turkey has tendency towards institutionalization of bribery, corruption
Former Deputy Prime Minister and a former leading member of the ruling Justice and Development Party (AK Party) Ertuğrul Yalçınbayır said on Sunday that bribery and corruption have always been in Turkish politics and that there is a tendency toward the institutionalization of such crimes in the country.
Zaman newspaper: Turkey police raid press offices in Istanbul
Turkish police have raided the offices of Zaman, the country’s biggest newspaper, hours after a court ruling placed it under state control. Police entered the building in Istanbul late on Friday, firing tear gas at protesters who had gathered outside. Zaman is closely linked to the Hizmet movement of influential US-based cleric Fethullah Gulen. Turkey […]
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.
Fethullah Gulen and the Kurdish Issue
Fethullah Gulen ponders over many issues that range from faith to ethnic problems in Turkey. Furthermore, through faith and cultural values, Gulen is able to mobilize wide and influential segments in the society. I think, his words should be paid attention and listened.
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