Trustees were appointed to 2 companies in Sakarya province due to their alleged ties to the Gulen movement, which the government accuses of masterminding a botched coup on July 15, on Thursday.
Ada Aygün furniture company and Aygünler textile firm were seized over coup charges. Trustees from the state-run Savings Deposit Insurance Fund (TMSF) were appointed to run the companies in question.
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, 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.