Six companies seized from the government-seized Dumankaya Holding would be liquidated, state-run Savings Deposit Insurance Fund (TMSF) said Tuesday.
According to TMSF’s statement, the companies to be liquidated are as follows: Dumankaya Dış Ticaret ve Pazarlama; Dumankaya Holding; Dumankaya Kentsel Dönüşüm Proje Geliştirme; Dumankaya ve Mazaya İnşaat; Shov Oto Sanayi ve Ticaret; and Dumankaya Teknoloji.
The liquidation doesn’t concern Dumankaya’s flagship construction firm. TMSF earlier said that the agency is in talks with a German company to complete Dumankaya’s now-halted construction projects.
The government detained more than 160,000 people and jailed some 60,000 since the summer of 2016.
Meanwhile, nearly 1,000 companies, among them Dumankaya Holding, with a total value of $12 billion in assets have been seized and then transferred to the state-run Savings Deposit Insurance Fund (TMSF) since the coup attempt. The companies in question were mostly targeted as part of the government crackdown against the Gulen movement.
Turkish government accuses Gulen movement for the July 15, 2016 failed coup and calls Gulenists a terror group while the Gulen group denies involvement in the coup attempt and any terror activities.
Just over a month after the failed coup, an İstanbul court ordered the seizure of the assets of prominent businessman Halit Dumankaya — an executive board member of Dumankaya Holding — and five others suspected of links to Gulen Movement.