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, state-run Anadolu Agency reported.

  • Appeals process open on Bank Asya seizure: Davutoglu
  • 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 govt
  • NOTE: Turkish regulators on Friday seized remaining shares in Bank Asya, the Islamic lender taken over by authorities amid a political dispute
  • NOTE: Turkish Bank Watchdog Seizes Remaining Shares of Bank Asya

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