Skip to comments.Turkish vice president says gov’t took over 1,004 companies across 42 provinces
Posted on 11/01/2018 3:58:48 PM PDT by Texas Fossil
Turkeys Vice President Fuat Oktay has said the state-run Savings Deposit Insurance Fund (TMSF) had appointed trustees to 1,004 companies across 42 provinces as of Oct. 25 over their alleged links to the Gülen movement under a crackdown that began following a coup attempt in July 2016, Turkish media reports said on Wednesday.
Speaking in the Turkish Parliament about the presidency budget, Oktay said the value of assets of the seized companies as of Sept. 30 was TL 55.74 billion, while their total turnover was TL 21.95 billion, total owned resources TL 21.05 billion and period income TL 1.53 billion.
The government has seized companies including Koza, Boydak, Dumankaya, Akfa, Orkide, Sesli and Naksan, which were among the 500 largest firms in Turkey.
The seized companies were conducting business in every aspect of trade including mining, gasoline distribution, automotives, home textiles, jewelry, pharmacies, hardware, home decor and information technology.
The Turkish government has been confiscating the private property of non-loyalist businesspeople without due process on unsubstantiated charges of terrorist links.
The companies are alleged to be connected to the faith-based Gülen movement, with the government coining the term FETÖ to designate the movement as a terrorist organization despite the lack of any court verdict to that effect.
(Excerpt) Read more at turkishminute.com ...
What could possibly go wrong?
Dictators love to collect stuff and turn it into useless stuff
They borrowed the government takeover of businesses from the American liberals. Or is it the other way around?
Maxine Waters ought to move to Turkey or Venezuela or Cuba or Nicaragua; those are her type of governments.
The have been considering making a crypto currency based on oil.
Erdogan was ready to sign on. Headshake.
I’d love to have Maxine move to Cuba.
Yep and enslave everyone.
If not enslaved, they kill them.
How very communist-minded of them to take over a thousand private companies.
Totalitarians are all evil.
You may have read about it, but if you haven’t; just look at the things they have done to Christian churches that they took. They took them by forcing the church members to leave over time. Slow Cultural Genocide. In other times it was not slow but so brutal it was the reason that the word genocide was created.
And now, they have gone so far as to have agents in the EU, UK and even in the US. Yes, I do not exaggerate, they have active agents in the US seeking to silence those who dare tell the truth about Turkey. I have a friend who is a writer (grew up in Turky, but is in the US) who has vanished from Twitter. I suspect they have threatened her family.
And in France 3 female Kurd activists were murdered and it is much talked about public knowledge that Turks did it, and in Germany the found a ring of plotters doing the same thing.
I’ve had 2 of them follow me on Twitter and they wanted to meet with me in the US. Not going to happen. They said they were Kurds, but into conversation the questions gave them away. If they are ethnic Kurds they are Pro Turkey and supporting this crap.
Have another friend in Syria who is well know on the web, they contacted family and threatened them about what they would do if my friend continued to wrote the truth about the Turks.
Evil things surround/support Erdogan the Islamist.
The Great Evil still exists.
The Metz Yeghérn (The Great Evil), the Armenian Genocide, has never been admitted by Turkey.
It took place at the end of WWI and to this day they deny that it happened.
I’ve seen photos of their “indigenous” attack helicopter. And read reports of their downing. Uhh, I don’t think this will be any different.
And imagine, if they continue to do anti Western acts, what happens when the satellites turn off Command and Control functions for them?
FWIW, I don’t we should be selling Turkey anything defense-related.
I think the issue is, it is possible that Erdogan flames out. Not sure the is a real possibility since he is dictator (aka Sultan).
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