Trustees were appointed to 12 companies in Manisa’s Turgutlu district due to their alleged ties to the Gulen movement, which the government accuses of masterminding a botched coup on July 15, on Monday.
Among the firms affected are construction, jewellery, forestry companies. A pharmacy is also among those that were seized by the government on Monday.
The government has been either seizing the administration of companies as a precautionary measure or taking over the private property of non-loyalist businesspeople without due process on unsubstantiated charges of terrorist links.
The companies are alleged to be connected to the Gülen movement, a civic initiative based in Turkey, with the government coining the term “FETÖ” to designate the movement as a terrorist organization despite the lack of any court verdict to that effect.
Akın İpek, the CEO of Koza-İpek Holding until the confiscation, said 18 of the group’s confiscated companies alone worth over $10 billion.