IslamicFinance.de

An Istanbul court has declared bankruptcy of Bank Asya, affiliated with the Fetullah Terrorist Organization (FETO). Bank Asya’s banking license was cancelled on July 22, 2016 by Turkey’s Banking Regulation and Supervision Agency (BDDK). The agency had ruled for complete takeover of all shares of Bank Asya by the state-run Insurance Fund in May 2015. FETO and its U.S.-based leader Fetullah Gulen orchestrated the defeated coup attempt of July 15, 2016, which left 250 people martyred and nearly 2,200 injured.