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Sudan arrests Gülen-linked businessman at Turkey’s request

Sudanese law enforcement detained Turkish businessman Memduh Çıkmaz at Ankara’s request as part of an investigation into the Gülen movement. Çıkmaz was detained in the capital city of Khartoum on Wednesday and denied request to meet his lawyer and family members.

Turkish Businesses Snagged In Government’s Post-Coup Crackdown

Most of the companies taken over by the government also deny any role or connection to Gulen. But they’ve had their assets seized and employees fired. The economist Yesilada predicts the government will have to sell off these businesses. That’s likely to trigger lawsuits that could last years.

Turkey blacklists 68 companies including Germany’s Daimler, BASF over Gülen links

Turkey has named 68 companies as supporters of the Gülen movement, in a list sent to Germany’s federal police, according to Die Zeit weekly. The list included a Turkish fast food restaurant and a late-night food store, Die Zeit said.

Turkish Gov’t Seizes 965 Gülen Movement Affiliated Firms With $11.3 Billion Worth

Turkish Deputy PM Nurettin Canikli said on Friday that the Turkish government has seized 965 companies which were affiliated to the Gülen movement. The value of assets belonging to companies seized by the Turkish state during the ongoing state of emergency is also announced as nearly 41 billion Turkish Liras, around $11.3 billion.

Turkey’s purges are hitting its business class

It is not clear when the government will begin auctioning off seized firms. The risk is that the economy may gradually come to resemble Russia’s, where political loyalty is the price for keeping a slice of the pie. “It is like watching a piece of snow roll down a mountain,” says a veteran civil servant ousted in one of the purges. “You think it won’t hit you, until you realise it’s becoming an avalanche.”

Turkey’s Economy Suffering Enormous Post-Coup Purges

Since the attempted military coup on July 15, the government, empowered by a state of emergency, has fired or suspended about 125,000 people, of whom nearly 40,000 have been arrested, and tens of thousands of others taken into custody. As a result, roughly 800,000 people have been completely cut off from any economic safety net.

Turkish business suffers under Erdogan’s post-coup Gulen purge

Critics of the ruling AKP expect it to sell Gulen-linked companies to government allies in the business world at a large discount. In mid-October the AKP-linked Metro Holding applied to the TMSF to acquire all of Koza Ipek Holding’s shares. Akin Ipek, the fugitive former owner of the conglomerate, asked on Twitter how Koza Ipek’s $600 million in cash and $20 billion in mining assets could be acquired by a comparatively unimpressive entity. Metro Holding’s capital comes to just over $95 million.

Turkey requests extradition of Fethullah Gülen but not for coup attempt, says US

The US has confirmed it has received a formal extradition request from Ankara for the Turkish cleric Fethullah Gülen, but not over the July coup attempt the Turkish authorities has accused Gülen of orchestrating.

Turkey introduces new decree law to seize all Gulen-related companies

Thanks to a new decree law released as part of the state of emergency declared late on July 20 following a failed coup, Turkey’s government is now set to seize all the Turkish companies owned by businessmen somehow linked to the US-based Islamic Scholar Fethullah Gülen.

Turkey’s Erdogan vows to cut off revenues of Gulen-linked businesses

“The business world is where they are the strongest. We will cut off all business links, all revenues of Gulen-linked business. We are not going to show anyone any mercy,” Erdogan said, describing the detentions so far as just the tip of the iceberg. The Turkish authorities had already seized a bank, taken over or closed several media companies, and detained businessmen on allegations of funding the cleric’s movement ahead of the failed coup attempt.

Businesses link to increase Pakistan-Turkey bilateral trade

The bilateral trade between Pakistan and Turkey can be increased from its present level of $700 million if the interaction between private sectors of both the countries is enhanced, a foreign businessmen

Fighting poverty, ignorance and disunity in Ghana; the TUDEC experience

The fight against poverty, ignorance and disunity is a shared responsibility among the government, the private sector, civil society and non-governmental organizations. The reason is that the government alone does not have the requisite human and capital resources to sustain this struggle.

Developing Ghana; the role of Tudec and Galaxy İnt’l School

More Turkish investors have expressed their interest to invest in education, the real estate, construction and manufacturing sectors in Ghana. The President of the Ghana-Turkey Cooperation and Development Association (TUDEC), Mr Yusuf Temizkan, says prospective investors would be arriving in the country within the year to inject their capital into the country’s economy. He said […]

Turkish investors To Inject Capital Into Ghana’s Economy

The President of the Ghana-Turkey Cooperation and Development Association (TUDEC), Mr Yusuf Temizkan, has disclosed that a prospective investors from Turkey would be arriving in Ghana within the year to inject their capital into the country’s economy. “More Turkish investors have expressed their interest in investing in education, the real estate, construction and manufacturing sectors […]

Latest News

Why is Turkey’s Erdogan persecuting the Gulen movement?

Purge-victim man sent back to prison over Gulen links despite stage 4 cancer diagnosis

University refuses admission to woman jailed over Gülen links

Bulgaria, the state sentenced to compensate Turkish journalist

64-year-old bedridden woman in 17th month of her imprisonment on “terror” charges

An ‘impossible’ choice: Leave 5-year-old son in foster care or risk being tortured

‘Escape from Turkey’ recounts stories of post-coup crackdown victims fleeing Turkey

This notable Pocono resident has been living here in exile since 1999

Logistics companies seized over Gülen links sold in fast-track auction

In Case You Missed It

Fethullah Gülen’s message to his sympathizers in the aftermath of the coup attempt

Izetbegovic praises Turkish schools and universities abroad

Kimse Yok Mu’s Healing Hand Extended to Two Thousand Nepalis

With blinders on, government sees everything as parallel structure

Chief Minister inaugurates housing units for flood affectees

German ambassador: Berlin does not recognize Gülen movement as ‘terrorist’ group

Advisor’s claim has potential to accelerate AK Party’s downfall

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