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...
by TurkeyPurge | Oct 22, 2016 | Today in Crackdown
Following the appointment of trustees to Kaynak Holding over alleged links to the Gülen movement, 43 of the conglomerate’s companies were transferred on Saturday to the state-run Savings Deposit Insurance Fund (TMSF). The Anadolu Republican Chief Prosecutor’s Office...
by TurkeyPurge | Oct 8, 2016 | Today in Crackdown
The value of immovable properties including dormitories, real estate and schools that the government has confiscated as part of its clampdown on the Gülen movement totals around TL 15 billion ($4.9 billion), according to Environment and Urban Planning Minister Mehmet...
by TurkeyPurge | Sep 29, 2016 | Today in Crackdown
The government-run Savings Deposit Insurance Fund (TMSF) has taken over more than 200 companies as part of investigations into the Gülen movement in the recent past. According to the public broadcaster Anadolu Agency, the number of firms confiscated as part of...
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