Keyword: Democracy
Bank Asya: Battle for survival against a presidential onslaught
Not all banking collapses are alike or lead to extinction. Some are caused by systemic, catastrophic events such as the global financial crisis of 2008, while others are caused by idiosyncratic exposure to geopolitical factors. Bank Asya, Turkey’s largest private participation bank, is currently in the midst of the latter and is potentially edging toward disintegration.
Terrorist organization, you say
He is 73 years old and is known as a respected scholar who has been studying Islamic exegesis. He is well-known in academia. He was promoted to associate professor in the field of Islamic exegesis back in 1977. He served as head of the exegesis department at the faculty of theology at Erzurum’s Atatürk University, conducted research in Paris Sorbonne, taught at the faculty of Islamic studies at the Islamic University of Madinah, was the chair of exegesis studies at Marmara University and conducted academic studies at International Islamic University of Malaysia. He is the author of 13 books and hundreds of articles.
Erdoğan’s personal propaganda tool, the MGK
Erdoğan has asserted that the Gülen movement is to be included in the Red Book as a “prioritized threat.” But never mind the fact that he acts and speaks as though this has all been decided upon already. The fact is, he does not have the proper authority to do this. What’s more, there is absolutely no document or piece of information that would support such a move.
Despite blocking accounts, Kimse Yok Mu able to collect donations
Despite the latest step in a government crackdown on Turkey’s UN-affiliated aid organization, Kimse Yok Mu, in which two banks blocked the organization’s accounts, administrators for the charity have said they are still able to collect money through their other accounts.
The fate of prosecutors
An election was held at the Ankara Bar Association recently. Nuh Mete Yüksel, who was among the powers that be in the prosecutorial community in the past, entered while this was taking place. He was once an awe-inspiring prosecutor. Apparently, he retired from prosecuting and became a lawyer. Of course, he is now deprived of the terrifying appearance he had in those years. He no longer has the frigid countenance that would send everyone’s hearts throbbing with fear. As it happens, some lawyers started to protest harshly the “fledgling lawyer.” Moreover, the hall was filled with shouts of “Go away!” So Yüksel had to go back without casting his vote…
Land tender won by TUSKON reopened in defiance of court decision
The tender for a large parcel of land which was won by the Turkish Confederation of Businessmen and Industrialists (TUSKON) was reopened on Monday, despite a prior court decision barring such a move, according to a statement from the confederation on the same day.
13 recommendations to MGK secretary for inclusion in ‘Red Book’
The president pays attention to the current National Security Council (MGK). He is determined to declare Hizmet a terror organization. President Recep Tayyip Erdoğan is not interested in the Islamic State in Iraq and the Levant (ISIL), Kobani, Syria, the approximately 3 million refugees and the murder of 40 people in violent protests. His only concern is Hizmet. Given that the MGK is designed to be a place to discuss personal concerns, I, as a citizen, would like to raise some points of recommendation for the MGK secretary-general for possible inclusion on the agenda of the council.
Bank Asya fights back against Erdogan attack
The government’s 10-month attack on Bank Asya has seen its share price slump by 50%, with the stock periodically prevented from trading on the Borsa, Istanbul’s stock exchange. The turmoil surrounding the bank has seen the failure of an agreed deal with the Qatar Islamic Bank, and an unwanted government-led attempt by state-owned deposit bank Ziraat, which recently created an Islamic unit, to absorb the privately owned Bank Asya.
Government plans to unlawfully take over aid organization
The Justice and Development Party’s (AK Party) efforts to undermine the largest aid organization in Turkey, Kimse Yok Mu (Is Anybody There?) reached a new level with alleged preparations to dissolve the board of the organization and appoint a trustee instead, although no legal grounds exist for such a move.
Ex-FM Yakış defends Turkish schools as the torch bearer of Ottoman vision
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.
Gov’t ban on charity Kimse Yok Mu hits orphans
Thousands of orphans and needy people around the world whose lives depend on the aid they receive from charities such as Kimse Yok Mu (Is Anybody There?), the largest volunteer and global aid organization based in Turkey, are at risk of being affected by the Turkish government’s restrictions on the charitable association.
Bank Asya answers smear campaign
Publicly traded Bank Asya roundly denied the ‘baseless rumors’ about its financial status via the Public Disclosure Platform (KAP). “There have been baseless smear and defamation campaign widely circulating in some press organizations and social media sites” read the statement. “Our bank will apply to the authorities to protect our legal rights in the face […]
CHP deputy calls Erdoğan’s order to bring down Hizmet ‘crime’
The CHP deputy pointed out it does not say the president can threaten or can give instructions to the MGK to bring down an organization.
According to this Monday’s Taraf daily, the ruling AK Party (Justice and Development Party) is planning to put forward a proposal to MGK to consider the Hizmet movement as illegal. Erdoğan hinted that the MGK would take action against “parallel structures.
