A new government decree issued on Thursday makes the sale of companies seized by the state as part of an ongoing witch hunt on critics possible and seeks to transfer the proceeds to the state Treasury.
In line with the new government decree numbered 687, Turkey’s Saving Deposit Insurance Fund (TMSF) will be authorized for the sale of the companies seized by the state through the appointment of trustees.
The Turkish government has effectively nationalized 809 companies by taking over their management or turning them over to the Treasury as of January 2017 as part of the crackdown on opposition and critical groups in the country, according to a parliamentary inquiry.
Responding to a motion filed by the main opposition Republican People’s Party (CHP) Denizli deputy Melike Basmacı, Deputy Prime Minister Nurettin Canikli said the government has seized 809 companies as of Jan.11, 2017 with a total value of TL38,3 billion (nearly $10 billion).
Most of these companies were seized due to their owners’ alleged links to the faith-based Gülen movement, which is accused by the government of masterminding a failed coup attempt on July 15.
Turkey experienced a military coup attempt on July 15 that killed over 240 people and wounded more than a thousand others. Immediately after the putsch, the Justice and Development Party (AKP) government along with President Recep Tayyip Erdoğan pinned the blame on the Gülen movement.
RTÜK entitled to transfer broadcasting licenses of seized media outlets
According to the decree, Turkey’s media watchdog Radio and Television Supreme Council (RTÜK) will be able to transfer broadcasting licenses, rights of broadcasting and channels utilization of media outlets that are shut down especially during the state of emergency declared following a failed coup in July last year.