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 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.
The İmralı peace process and defaming the Hizmet movement
İHSAN YILMAZ After the Kurdistan Workers’ Party (PKK) leader Abdullah Öcalan’s comments to the Peace and Democracy Party (BDP) deputies visiting him on İmralı Island were leaked to the press, almost everybody asked who was behind the leak. The main suspicion was that it was leaked by one who did not want the peace negotiations […]
Turkey pays a price for purging counterterror professionals
In the wake of the abortive July 15 coup, he purged thousands of experienced counter-terror police and rotated others out of areas they know best. In effect, this means the Turkish security and police are operating blind. It can take years to gain the experience in any particular locality that those whom Erdogan fired had.
Political predictions for 2014
Prime Minister Recep Tayyip Erdoğan is getting lonelier and this makes him more ill-tempered. There are two big risk areas for Erdoğan. One of them is the total war he declared against the Gülen movement for no apparent reason.
TUSKON: Twitter ban a disappointment in information age
Turkish Confederation of Businessmen and Industrialists (TUSKON) Chairman Rıza Nur Meral voiced his disappointment on Friday over the decision by the ruling Justice and Development Party (AK Party), which tries to attract voters with promises of democracy, more human rights, increased rule of law and reforms to gain EU membership, to block access to Twitter.
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Yaşar Yakış is a founder and former member of the ruling AK Party (Justice and Development Party) and served as Turkey’s Minister of Foreign Affairs from 2002-2003. Speaking to Bugün Newspaper Yakış on developments pertaining to domestic and foreign policy Yakış emphasizes that the ruling AK Party has drifted off its founding principles.
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