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Former Halkbank CEO Aslan Resigns as Board Member of Ziraat Bank

May 9 (Bloomberg) -- Turkey’s TC Ziraat Bankasi AS said Suleyman Aslan, the former Turkiye Halk Bankasi AS 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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