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.
Former Turkish officer at NATO: Coup attempt was never meant to succeed
A former Turkish officer who served at NATO headquarters in Brussels but was sacked and recalled to Turkey as part of an investigation into a failed coup on July 15 claims that the putsch was clumsily executed and never intended to bring down the government, but rather served President Erdoğan to eliminate his opponents.
Turkey’s Erdogan and onslaughts against opposition
Gulen movement, which is inspired by the highly-respected United States based cleric, Fethullah Gulen, has been brazenly targeted for total destruction by President Erdogan after the failed coup in that country few months ago. The iron-hand President accused members and sympathisers of the movement as being behind the coup.
Inside the eye of Turkey’s political storm, in rural Pennsylvania
A moderate preacher rooted in the Sufi mystic tradition of Islam, Mr. Gulen is known for emphasizing interfaith dialogue. But Mr. Erdogan calls Mr. Gulen and his followers a “cancer” and a “terrorist organization” that is building a “parallel state.” The rancour is personal.
At least 275 including elderly woman detained over Gulen links over past day
At least 275 people were detained over their alleged links to the Gulen movement, according to Turkish media. Among the accusations raised against the detainees were to have raised money for Turkey’s post-coup victims, whether be relatives of those earlier arrested or those dismissed from their jobs.
Iran’s Turkish gold rush
While the gas-for-gold scheme may have been technically legal before Congress finally shut it down in July, it appears to have exposed the Turkish political elite to a vast Iranian underworld. According to Today’s Zaman, suspicious transactions between Iran and Turkey could exceed $119 billion — nine times the total of gas-for-gold transactions reported.
Turkey’s purges continue a year after failed coup
One year on, Turkey’s crackdown on suspected coup plotters shows no signs of ending – and has now reached human rights workers. Diego Cupolo reports from Ankara.
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