Bank Asya and the seizure of private property
Abdülkadir Civan I have been teaching a public economics course for 10 years. In this course, I cover the interactions between market mechanisms and governments. Usually, in the first week of the...
View ArticleThreats against free enterprise and free media
Erhan Başyurt Separation of powers, independence of the judiciary, free enterprise, and freedom of media are the main pillars of a democracy. Nowadays, these four elements are virtually non-existent in...
View ArticleRogue auditor team behind Bank Asya’s political takeover
It's come out that the takeover of publicly traded Bank Asya was carried out by a politically appointed auditor team with no qualifications. Controversy continues on the Banking Regulation and...
View ArticleStock exchange says Bank Asya still belongs to shareholders
The main Turkish stock exchange, Borsa İstanbul (BİST), has said the shareholders of a recently seized Islamic lender still own the bank. In a statement to the Public Disclosure Platform (KAP) on...
View ArticleIllegal intervention in Bank Asya collapses
Turhan Bozkurt I have explained that a decision by Turkey's Banking Regulation and Supervision Agency (BDDK) on May 29 to hand Bank Asya over to the Savings Deposit Insurance Fund (TMSF) lacks...
View ArticleBank Asya’s performance proves state fund’s seizures unjust
Former Bank Asya board member Dr. Erhan Birgili, last Friday’s politically-backed seizure of the publicly by a state fund which had previously took over the management in February. Speaking to Bugün...
View ArticleThousands of lawsuits expected over Asya seizure
Noting that Islamic lender Bank Asya has around 18,000 shareholders, Marmara University professor of commercial law Sami Karahan has urged shareholders to file individual lawsuits against the bank's...
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Pro-gov’t daily launches smear campaign against Cihan over election coverage
The pro-government Sabah daily has launched a smear campaign against the Cihan news agency, which is respected both domestically and internationally for its successful election coverage over the past...
View ArticleIFLC’s ‘colors of the world’ welcomed at European Parliament
Children from across the world who participated in the 13th International Festival of Language and Culture (IFLC) were welcomed in Brussels and performed a special show at the European Parliament at...
View ArticleState fund affirms seized lender still belongs to shareholders
Not a week after stock exchange Borsa İstanbul (BİST) confirmed that shareholders of recently seized Bank Asya still own the bank, the state-run Savings Deposit Insurance Fund (TMSF) followed suit and...
View ArticleCihan news agency files criminal complaint against pro-gov’t Sabah for slander
The Cihan news agency has filed a criminal complaint against the pro-government Sabah daily for engaging in a defamation campaign against the news agency in its Wednesday coverage, alleging that Cihan...
View ArticleAfter the elections
İhsan Yılmaz It seems that if the Justice and Development Party (AKP) cannot steal the votes, it will not be able to form a one-party government. This is excellent news for Turkey's democracy. Yet it...
View ArticleTurkish schools welcomed and praised in Brazil
Turkish schools established by educational volunteers affiliated with a movement inspired by the teaching of Islamic scholar Fethullah Gülen were welcomed and praised by Brazilian politicians during an...
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Mozambican president: I will continue to support Turkish schools
Mozambican President Filipe Nyusi has expressed his support and gratitude to the educational volunteers affiliated with the Gülen movement for their contributions to his country, saying that he has...
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A Festival of Dialogue Exploring Multiculturalism and Language Diversity
Michael Anthony Samuel* At a dialogue festival in South Africa, teenagers embraced true multiculturalism and helped the author to envision a new world – one of harmony, respect, and engagement. The...
View ArticleOn the way to becoming global CSO
Ahmet Kurucan In a recent sermon titled "Surprising openings in the wake of pressures," Fethullah Gülen Hocaefendi drew attention to a historic fact we tend to ignore and moved on to express his hopes,...
View ArticleIvory Coast authorities call on Kimse Yok Mu for more aid
Authorities of Cocody ve Port-Bouët, two municipalities in Abidjan, Ivory Coast’s capital of business, hailed Kimse Yok Mu for its aid efforts. Director for social aid at Cocody municipality, serving...
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Int’l language festival students given high-level welcome in Australia
Some 60 students from 19 countries who came to Australia as part of the 13th International Language and Culture Festival have received enthusiastic welcome by senior Australian officials.Australian...
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Belgium ‘proud’ to be host as ‘colors of the world’ rocks EU capital
Children from across the world who participated in the 13th International Festival of Language and Culture (IFLC) performed a spectacular show in Brussels on Saturday night, drawing a large number of...
View ArticleBank Asya’s owners form team to end state-fund seizure
A 20-person team consisting of lawyers, bankers and academicians are set to fight the legal battle to cancel the Turkish state-fund’s controversial May 29th seizure of Bank Asya. Lawyer Süleyman Taşbaş...
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