At least 43 more companies were seized over coup charges between Apr 1 and May 24, bringing the total number of companies under the state-run Savings Deposit Insurance Fund’s (TMSF) control to 922.
The companies in question were targeted as part of a sweeping state crackdown against the Gülen movement, which the government accuses of masterminding the July 15, 2016 coup attempt.
TMSF’s quarterly activity report for the January-March period, which was released on Wednesday, showed that the 879 seized companies as of Mar 31 are from 43 of Turkey’s provinces.
However, a state-run Anadolu news agency report said further that another 43 companies were transferred to TMSF since Mar 31. TMSF now controls 922 companies with some TL 40.8 billion [$11.46 billion] in assets.
The number of employees in the seized companies is 45,986. While the total equity capital of the seized companies is TL18.2 billion, their combined turnover is TL 21.7 billion, according to Anadolu.