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.
Turkey’s future will be determined in the next election. If the AKP government is not able to gain more than 38 percent of the total votes this time, it will directly affect the future of Turkish politics. Erdoğan cannot be the next president, for instance.
US Congress members reaffirm unbreakable bonds with Turks
Dozens of members of the United States Congress have reaffirmed strong ties and growing friendship between Turks and Americans in an annual grand convention that also brought together businessmen and public figures. Organized by the Turkic American Alliance (TAA) and the Turkish Confederation of Businessmen and Industrialists (TUSKON), which represents six regional federations and over […]
AKP official: Torture claims won’t be investigated if victims are Gülenists
A Justice and Development Party (AKP) deputy has said there will be no investigations into claims of torture and mistreatment of people put into prison after a July 15 coup attempt if those victims are sympathizers of Turkish Islamic scholar Fethullah Gülen.
Turkish Repression Targets Americans
It’s an old story with dictators. If unopposed, they become ever more brazen in their aggression. Case in point: Turkey’s Recep Tayyip Erdoğan. On May 16, during a state visit to Washington, Erdoğan’s bodyguards beat up peaceful protesters, many of them American citizens, in front of the Turkish embassy. At least 11 protesters were injured.
Future of political islam: lessons from Turkey, Egypt
The eruption of protests across the country in the summer of 2013 were a result of the AKP’s increasingly authoritarian governing style. Rather than reading these protests as a public expression of discomfort — and taking the recent corruption charges seriously before declaring them a conspiracy against the government by the rival Gulen movement — the government is currently pushing legislation within parliament that will not only abolish the separation between the judiciary and the executive but which will completely consolidate the judicial and executive powers at the hands of the government.
Torture – Turkish prisoner says tied to chair, pushed into sea while under custody
A Turkish man, identified with his initials D.G., was bound to a chair and pushed into sea on multiple times as police officers tortured him while under custody. Detained as part of an investigation into the Gulen movement in October 2016, D.G. was put in pre-trial detention after days of torture, he told his brother during latter’s recent visit to the prison.
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