IslamicFinance.de

As uncertainties over the management of the Islamic lender Bank Asya continue, auditors from the Banking Regulation and Supervision Agency (BDDK) who are uneasy about a possible penalty that they may be subject to, have warned the agency, since the takeover decision was not made at a general assembly meeting of the bank. A news report in Bugün daily on Monday said the BDDK's auditors are worried about a possible fine for the takeover decision and had called on the agency's top officials to convene a Bank Asya general assembly meeting. The report further claims that the auditors expect a penalty of around TL 8-10 billion for the failure to gain a general assembly decision in the handing over of the management of the bank.