Analysis
Smart, independent reporting on Turkey's politics, economy and foreign affairs.
The crisis in Turkey’s Ponzi-style fund industry is heading for deadlock as the government refuses to disclose the 141 people and 73 companies that each made more than 100 million liras in unjust gains despite opposition demands for transparency.
With the investment fund scandal still unfolding, a new allegation has come to light: companies were asked for bribes to secure approval from the Capital Markets Board (SPK) to go public.
Turkish defense industry companies continued testing its newly developed products, such as Morfoz and Gökalp.
SSB warned media not to create open-source intelligence, defense companies banned imported electric vehicles entering the campuses.
Foreign and domestic infrastructure companies are showing interest in the upcoming highway and Bosphorus bridge privatizations. French operator Egis is reportedly emerging as a leading contender for the 30-year operating rights.
US authorities have designated a Turkish investment bank and three Istanbul-based logistics companies under targeted sanctions for allegedly facilitating illicit Iranian financial transfers and supporting Tehran's aviation network.
Turkish defense industry companies demonstrated their high-precision strike capabilities through various integrated systems.
A series of notable moves targeting companies producing 155 mm ammunition ammunition has taken place in recent days.
Companies showcased $70 billion in products to state leaders at the defense industry forum that took place alongside the NATO Summit in Ankara.
Hasan İmamoğlu is the father of Istanbul Mayor Ekrem İmamoğlu, who has been jailed for nearly nine months. Ekrem İmamoğlu faces a staggering threat of up to 2,500 years in prison. Naturally, the İmamoğlu family had never, at any point in their lives, imagined facing such severe threats of imprisonment and punishment. For this reason, the family is, quite naturally, experiencing deep shock and bewilderment. As part of the case, Hasan İmamoğlu’s companies were also seized. So where does this “fear of communism,” this urge to “fight communism,” actually come from?
Trustees have been appointed to 23 companies owned by Aziz İhsan Aktaş, a key figure in operations targeting CHP-run municipalities, and the companies have been transferred to the Savings Deposit Insurance Fund (TMSF).
Following the appointment of trustees to companies linked to Can Holding, including major media outlets, two senior figures in the ongoing investigation have been released under house arrest.