An indictment prepared against 77 academics from the Bolu-based Abant İzzet Baysal University (AIBU) seeks up to 15 years in prison each of 75 and up to 22 years for the remaining two.

The 72-page indictment accuses M.Y. and K.G. of leading a terrorist organization, a crime in the Turkish law that carries a potential penalty of a prison term of between 15-22 years. Seventy-five academics including a former AIUB rector face between 7.5 years and 15 years in jail on accusation of membership to a terrorist organization.

The prosecutor in charge listed among evidence for terror charge academics’ previous transactions within Bank Asya, an Islamic lender Turkish government closed as part of its crackdown against the Gulen movement. The government also pinned the blame for July 15 on the movement.

The accused academics have withdrawn some TL 2 million from other banks to deposit into Bank Asya since late 2013 when the latter was struggling in the face of a prolonged government pressure, the indictment claimed. The prosecutor also underscored that some academics transferred some money from spouses’ accounts to another account in Bank Asya so that they could benefit from state insurance in case the bank faces closure for some reason.

The Savings Deposit Insurance Fund (TMSF) guarantees, under Turkish laws, up to TL 100,000 in bank accounts to be returned to account holders if banks fail.