Turkey’s PM Says Seizure of Bank Asya Shares in Line With Law
Denying any political motives, Turkey Prime Minister Ahmet Davutoglu says regulators’ action purely based on “technical, fiscal and financial” evaluation. Turkish regulators on Friday seized remaining shares in Bank Asya. Appeals process is open on Bank Asya seizure: Bank Asya went beyond “normal banking” due to ties with "parallel state,” Davutoglu says in reference to supporters of Islamic preacher Fethullah Gulen, accused of plotting to overthrow the government.
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