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 fall of democracy and predicament of political Islam in Turkey
Hizmet is one of the world’s leading civil society movements. The threatening remarks and the derogatory discourse of Erdoğan against Fethullah Gülen and the Hizmet movement is totally at odds with democratic norms and principles.
Fethullah Gülen’s message to his sympathizers in the aftermath of the coup attempt
I hope that those who set their hearts on a cause will not loosen their hands about working on the world solidarity and universal human values, and they will continue on their way. I hope they do not get shaken by such storms, with Allah’s permission and help. Just like all the things happened until today had passed and became history, these latest incidents will pass and become history, with Allah’s permission.
How Erdogan is covering up the corruption scandal
In a blunt violation of Turkish laws and ethical norms, authorities removed nearly 100 police chiefs, who were either involved in the graft raids or pose a possible risk to the government. Two additional prosecutors were appointed to supervise the case, a move mostly interpreted by experts as an attempt to control the judicial process. The government has launched an unprecedented witch-hunt in public institutions and continues to purge any bureaucrat it believes could be cooperative with prosecutors in the graft investigation. Four ministers whose names were linked to these investigations refused to step down despite calls from the opposition.
US prosecutor denies any links to Gülen, says never set foot in Turkey
Responding to allegations from Turkey’s President Recep Tayyip Erdoğan, who accused US Attorney for the Southern District of New York Preet Bharara of being a sympathizer of the faith-based Gülen movement, Bharara said he has just learned Turkish Islamic scholar Fethullah Gülen’s name from Google and has never been to Turkey.
Former deputy Uras: Erdoğan struck deal with Ergenekon against Gülen movement
A former member of Parliament, academic Ufuk Uras claimed during an interview with a daily on Monday that President Recep Tayyip Erdoğan had made a deal with the leaders of the Ergenekon clandestine organization during his fight against the faith-based Gülen movement after the Dec. 17 and 25 graft investigations became public at the end of 2013.
Turkish business suffers under Erdogan’s post-coup Gulen purge
Critics of the ruling AKP expect it to sell Gulen-linked companies to government allies in the business world at a large discount. In mid-October the AKP-linked Metro Holding applied to the TMSF to acquire all of Koza Ipek Holding’s shares. Akin Ipek, the fugitive former owner of the conglomerate, asked on Twitter how Koza Ipek’s $600 million in cash and $20 billion in mining assets could be acquired by a comparatively unimpressive entity. Metro Holding’s capital comes to just over $95 million.
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