Turkey’s state-run Savings Deposit Insurance Fund (TMSF) Chairman Muhiddin Gülal has announced that a total of 1,022 companies have been taken over the by the TMSF due to their links to the Gülen movement since a failed coup on July 15, 2016, the Sputnik Türkiye reported on Tuesday.

The Turkish government accuses the Gülen movement of masterminding the coup attempt in 2016.

The movement denies any involvement.

According to Anadolu, the companies are valued at TL19.9 billion, have 52.9 billion in current assets and employ 46,160 people.