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TRUSTEE AT İMAMOĞLU FAMILY FIRM ALSO IN OVER 20 SEIZED COMPANIES
Economy and Finance Jul 25, 2025

TRUSTEE AT İMAMOĞLU FAMILY FIRM ALSO IN OVER 20 SEIZED COMPANIES

Enis Güçlü Şirin, the trustee appointed to İmamoğlu İnşaat—the family business of Istanbul Mayor Ekrem İmamoğlu—holds positions on the boards of more than 20 other companies. All the firms where Şirin serves are under the administration of Turkey’s Savings Deposit Insurance Fund (TMSF) which operates firms that have been seized by the state often because of bankruptcy, tax debts, or links to the Gülenist movement.

Editorial Team
KAYYUM
Word of the Week Nov 8, 2024

KAYYUM

Kayyum or Kayyım (trustee, noun) often crops up on the Turkish agenda like an unwelcome ex-chief at a political celebration. The English-language media has translated it as trustee, as in “Turkey sacked three mayors in the Kurdish-majority southeast on alleged 'terrorism' charges and replaced them with trustees.” But as with most things, context is key. The word is actually an exalted name in Islamic theology, describing an attribute of God: the eternal, self-sustaining one, who maintains all existence. The term implies omniscience and omnipotence—qualities far removed from the bureaucratic function of trustee appointments. In more everyday language, it’s also a term for a mosque custodian. But lately, Turkey’s government has repurposed the term, applying it to officials appointed to oversee (or seize) the operations of private companies, foundations, and -mostly- municipalities suspected of wrongdoing. It should not be confused with a guardian (vasi), whose role implies that the person they care for is legally incapable of managing their own affairs. Tanıl Bora, master of Turkish political terms, explains: “A guardian is appointed to a person, a kayyum to property.”

Nazlan Ertan