by TurkeyPurge | Aug 16, 2018 | Today in Crackdown
A newly-released commercial by the government-seized furniture maker, Bellona features Nur Viral, a TV personality and the wife of President Recep Tayyip Erdogan’s adviser Cemil Ertem. Kayseri-based Boydak Holding and its subsidiaries including Bellona were seized by...
by TurkeyPurge | Jul 19, 2018 | Today in Crackdown
The number of companies run by the state-run Savings Deposit Insurance Fund (TMSF) has reached to 937, according to the watchdog’s president Muhiddin Gülal. Speaking to media on Wednesday, Gulal said 937 companies with TL 50 billion [$11 billion] in assets are under...
by TurkeyPurge | Feb 15, 2018 | Today in Crackdown
Detention warrants were issued for yet another nine members of the Kayseri-based Boydak family, Turkish media reported Wednesday. With prominent members of the family already in jail for years now, the government’s ever-growing crackdown against Boydaks has hit second...
by TurkeyPurge | Oct 27, 2017 | Today in Crackdown
A Kayseri court ruled on Thursday that Boydak Holding’s five subsidiaries be seized over ties to the Gulen movement. Active in several sectors, including energy, furniture and banking, Kayseri’s Boydak Holding was taken over by the Savings Deposit Insurance Fund...
by TurkeyPurge | Jul 8, 2017 | Today in Crackdown
A total of 965 companies with a total value of TL 41 billion [$ 11.32] billion in assets have either been transferred to Turkey’s state-run Savings Deposit Insurance Fund (TMSF), or trustees have been appointed to their management by the government since a failed coup...