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Tuesday, October 18, 2016

How Turkey’s government became the country’s top tycoon

How Turkey’s government became the country’s top tycoon

The Turkish government’s crackdown after the July 15 coup attempt has been expanding rapidly in the business sector, targeting companies accused of financing the so-called Fethullah Gulen Terrorist Organization, as Ankara has designated the Gulen community, which it accuses of planning and executing the putsch. Under a Sept. 1 legislative decree, scores of companies placed under trusteeship by the courts were handed over to the Savings Deposit Insurance Fund (TMSF), that is, to direct government control.

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