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.
TUSKON key in trade with Turkey, top Russian group says
The Turkish Confederation of Businessmen and Industrialists (TUSKON) plays a critical role in cementing investment and trade ties between Turkey and Russia and is a key partner for its Russian counterparts, the head of a top Moscow-based business group said on Wednesday.
Myanmar-based family abducted by Turkish embassy from Yangon airport
Myanmar-based education professional M. Furkan Sökmen and his family were detained yesterday at the Yangon International Airport while trying to board a flight to Bangkok. the teacher said the Turkish ambassador to Myanmar had pressured police to confiscate the family’s passports.
Bank Asya faithful boost deposits after Turkey seizes lender
Bank Asya has become a battleground in the feud between Turkish President Recep Tayyip Erdogan and self-exiled, U.S.-based cleric Fethullah Gulen, a preacher whom Erdogan blames for instigating a coup attempt against him and whose followers founded the lender. Supporters of each have sought, by turn, to strengthen and weaken the bank.
Turkish woman returned to prison with newborn 4 days after birth
Hatice Şahnaz, in pretrial detention on charges of alleged links to the Gülen movement, was put back behind bars in southern Turkey a few days after delivering a baby.
Headlines or weapons of mass destruction?
Despite the fact that there is no evidence for parallel state structure accusations, the pro-government media has acted as a propaganda machine to demonize the Hizmet movement through smear campaigns.
‘Parallel state’ and ‘theft of national will’
There is not a single piece of concrete evidence indicating that prosecutors and police officers had acted in contravention of laws and regulations in the investigation into the corruption claims that implicated some former Cabinet members and their sons. However, these public officials who performed their lawful duties in full compliance with the principles of transparency, accountability and equality — which are fundamental characteristics of the regimes that uphold the rule of law — were recklessly accused by the prime minister and his cronies of being the “parallel state.
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