Former Halkbank CEO Aslan Resigns as Board Member of Ziraat Bank

Turkey’s TC Ziraat Bankasi AS said Suleyman Aslan, the former Turkiye Halk Bankasi AS (HALKB) chief executive officer who was arrested in December as part of a corruption probe, has resigned from its board.

Aslan took the decision to resign, an official at the Istanbul-based bank said by phone. His resignation is effective from today, said the official at the state-owned lender who declined to be named in line with company policy.

Aslan’s resignation comes a month after the state approved his appointment to Ziraat’s board for a three-year term on April 8. His appointment was a “preference of the political will,” Deputy Prime Minister Ali Babacan said last month.

Aslan, who was arrested on Dec. 17 as part of a wide-ranging corruption investigation, was later released pending trial. Police found $4.5 million of cash in shoe-boxes in his house, which Aslan’s lawyer said was intended as charitable donations for schools in Turkey and Macedonia.

To contact the reporter on this story: Isobel Finkel in Istanbul at ifinkel1@bloomberg.net

To contact the editors responsible for this story: Dale Crofts at dcrofts@bloomberg.net Dylan Griffiths, Frank Connelly

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