Page 43 - Shahrvand BC No. 1270
P. 43
English Section
43 Turkey Graft Probe Ensnares Erdogan’s Cabinet,
State Bank
By Benjamin Harvey, Selcan Hacaoglu and Taylan Bilgic
1392 رذآ29 جمعه- 1270 شماره/ سال مکیوتسیب bloomberg.net-- the son of a third who were seen as allies for much of goals such as curbing the political
Turkish Prime Minister Recep minister. Suleyman Erdogan’s decade in office, sharing influence of the secular army and
Tayyip Erdogan’s government was Aslan, chief executive easing laws restricting religious
roiled by corruption allegations as officer of Turkiye expression.
police detained relatives of cabinet Halk Bankasi AS Signs of a rift have increased in
ministers, as well as the head of a (HALKB), was also recent months. In November, the
state bank. detained, Anatolia government announced plans to
The sons of Economy Minister said. close private exam prep schools, a
Zafer Caglayan and Interior Minister Stocks and bonds source of money and influence for
Muammer Guler were among dozens plunged on concern Gulen’s followers. Hakan Sukur, a
taken into custody yesterday during a the arrests are part of former national soccer player, this
probe of graft in government tenders, an escalating power week became the second lawmaker
the state-run Anatolia news agency struggle between the to resign from Erdogan’s Islamist-
said. Hurriyet newspaper said at least government and followers of U.S.- rooted party over the decision. Also
52 people were detained, including based Islamist cleric Fethullah Gulen, in November, a local newspaper close
to Gulen movement published what it
In touch with Iranian diversity said was a secret government plan to
break the group’s influence.
Vol. 21 / No. 1270 - Friday, Dec. 20, 2013 ‘Seismic Developments’
“The gloves will now be off in the
battle between the Gulen movement
and supporters of PM Erdogan,” Tim
Ash, chief economist at Standard
Bank Group Ltd. in London, said in
an e-mailed note. The police raids
will be viewed by many observers “as
a warning to Erdogan from Gulen not
to go for the presidency” in elections
next year.
Halkbank’s shares plunged 12
percent, the most since 2007, and led
the benchmark stock index to a 5.2
percent decline. Yields on benchmark
two-year lira bonds jumped 18 basis
points to 9.10 percent. The lira lost
0.5 percent to 2.0365 per dollar.
Erdogan said he “won’t bow to any
threats” as his opponents “engage
in ugly alliances” to destabilize the
government. He declined to comment
directly on the detentions, citing a
continuing legal investigation.
‘Spilling Over’
4 3 Billionaire construction magnate Ali
Agaoglu was among those arrested
yesterday, Agaoglu Group Chief
43 Turkey Graft Probe Ensnares Erdogan’s Cabinet,
State Bank
By Benjamin Harvey, Selcan Hacaoglu and Taylan Bilgic
1392 رذآ29 جمعه- 1270 شماره/ سال مکیوتسیب bloomberg.net-- the son of a third who were seen as allies for much of goals such as curbing the political
Turkish Prime Minister Recep minister. Suleyman Erdogan’s decade in office, sharing influence of the secular army and
Tayyip Erdogan’s government was Aslan, chief executive easing laws restricting religious
roiled by corruption allegations as officer of Turkiye expression.
police detained relatives of cabinet Halk Bankasi AS Signs of a rift have increased in
ministers, as well as the head of a (HALKB), was also recent months. In November, the
state bank. detained, Anatolia government announced plans to
The sons of Economy Minister said. close private exam prep schools, a
Zafer Caglayan and Interior Minister Stocks and bonds source of money and influence for
Muammer Guler were among dozens plunged on concern Gulen’s followers. Hakan Sukur, a
taken into custody yesterday during a the arrests are part of former national soccer player, this
probe of graft in government tenders, an escalating power week became the second lawmaker
the state-run Anatolia news agency struggle between the to resign from Erdogan’s Islamist-
said. Hurriyet newspaper said at least government and followers of U.S.- rooted party over the decision. Also
52 people were detained, including based Islamist cleric Fethullah Gulen, in November, a local newspaper close
to Gulen movement published what it
In touch with Iranian diversity said was a secret government plan to
break the group’s influence.
Vol. 21 / No. 1270 - Friday, Dec. 20, 2013 ‘Seismic Developments’
“The gloves will now be off in the
battle between the Gulen movement
and supporters of PM Erdogan,” Tim
Ash, chief economist at Standard
Bank Group Ltd. in London, said in
an e-mailed note. The police raids
will be viewed by many observers “as
a warning to Erdogan from Gulen not
to go for the presidency” in elections
next year.
Halkbank’s shares plunged 12
percent, the most since 2007, and led
the benchmark stock index to a 5.2
percent decline. Yields on benchmark
two-year lira bonds jumped 18 basis
points to 9.10 percent. The lira lost
0.5 percent to 2.0365 per dollar.
Erdogan said he “won’t bow to any
threats” as his opponents “engage
in ugly alliances” to destabilize the
government. He declined to comment
directly on the detentions, citing a
continuing legal investigation.
‘Spilling Over’
4 3 Billionaire construction magnate Ali
Agaoglu was among those arrested
yesterday, Agaoglu Group Chief
