Bank Asya answers smear campaign


Date posted: October 15, 2014

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 of these baseless rumors which are clear violations of banking and capital markets laws and regulations, as well as reason and ethics.”

Pro-government papers had reported claims that the bank was in financial straits, stating that further regulatory measures would be applied to the bank. In the meantime the bank has solidified its capital adequacy ratio at 17.35% in early October, while cash injections from investors have continued.

Bank Asya has been an open target of President Recep Tayyip Erdoğan, who vowed to bring the bank down. He has alleged it is affiliated with the Hizmet movement, whom Erdoğan accused of attempting to topple over the government. One such attempt Erdoğan points to was last year’s high-profile corruption probe, dubbed the 17-25 December corruption probe, which targeted businessmen and individuals close to the ruling AK Party (Justice and Development).

Erdoğan’s actions have received condemnation from across the board for attempting to cover up corruption allegations by positioning the Hizmet movement as a scapegoat.

Source: BGN NEWS , October 14, 2014

Tags: | | |


Related News

They want my backing for the enrollment in Turkish schools

FIBA Holding chairman of the board Hüsnü Özyeğin says Turkish Olympiads are more important than international Olympiads, and that foreigners want his backing for enrolling their children in Turkish schools. A group of students currently in Istanbul for the 11th Turkish Olympiads, which was arranged by International Turkish Language Association (TÜRKÇEDER), visited FIBA Holding chairman […]

Closing down prep schools and calling it ‘transformation’

BÜŞRA ERDAL, İSTANBUL Describing the government’s plan to close down the prep schools as a “transformation” is nothing more than saying, “I’m not going to say ‘close down prep schools,’ but I’m going to close them down.” The draft law in question will affect millions of students and their parents, but the debate on prep […]

Parents criticize gov’t-led police raids on educational institutions

A number of parents staged a protest on Friday against raids police carried out by the police on Thursday as part of a government-led operation against 26 private schools and educational institutions in Kahramanmaraş province that are inspired by the Gülen movement, a faith-based civil society movement inspired by Turkish Islamic scholar Fethullah Gülen.

Erdoğan now at odds with once-closest ally

Those who have an interest in Turkish politics may have been a little confused for the last few weeks, observing the row between Prime Minister Tayyip Erdoğan’s Justice and Development Party (AK Parti) government and the social movement of religious scholar Fethullah Gülen, or the “Hizmet” (Service) movement as they preferred to be called. The row is over the closure of private prep schools (“dershane” in Turkish).

Is Turkey Supporting ISIS?

One of the most problematic aspects of the war against the Islamic State has been the role of Turkey. On the one hand, diplomats see Turkey as a cornerstone of any diplomatic strategy to counter the Islamic State in Syria and Iraq. On the other hand, Turkey—or, at least, elements within the state—appear to back the Islamic State.

America’s Public Radio International maps out Turkish gov’t persecution of Gülen movement

“Nate Schenkkan is with Freedom House and an expert on Turkey. He says Gülenists have been left jobless, with no chance of restarting their careers. “For the vast majority of the people in the Gülen movement, it’s quite clear. They had nothing to do with any of this, whether it’s the coup attempt or any other kind of violence,” he said.

Latest News

Fethullah Gulen – man of education, peace and dialogue – passes away

Fethullah Gülen’s Condolence Message for South African Human Rights Defender Archbishop Desmond Tutu

Hizmet Movement Declares Core Values with Unified Voice

Ankara systematically tortures supporters of Gülen movement, Kurds, Turkey Tribunal rapporteurs say

Erdogan possessed by Pharaoh, Herod, Hitler spirits?

Devious Use of International Organizations to Persecute Dissidents Abroad: The Erdogan Case

A “Controlled Coup”: Erdogan’s Contribution to the Autocrats’ Playbook

Why is Turkey’s Erdogan persecuting the Gulen movement?

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

In Case You Missed It

Amnesty International: Malaysia’s extradition puts three Turkish men at risk of torture

When Iconic Islamic scholar wins prestigious peace award

Turkish Education Ministry engaged in profiling of staff, daily claims

Islamic scholar gave Buddhist point to ponder

Kimse Yok Mu Receives “Outstanding Service Medal” in Somalia

Erdogan Moves to Shut Prep Schools in Blow to Gulen Followers

Turkish Olympiad finals held all around the globe in prestigious venues in a variety of cities

Copyright 2024 Insightful Neighbor