Scuffles after Turkish conglomerate placed in receivership

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Istanbul police scuffle with hundreds of protesters who were angry over a decision to appoint an administrative trustee to manage a conglomerate that is close to a Muslim cleric and rival of President Tayyip Erdogan. Rough Cut (no reporter narration).

Scuffles after Turkish conglomerate placed in receivership


STORY: A Turkish public prosecutor’s office placed a conglomerate close to a U.S. based muslim cleric under receivership, triggering anti-government demonstrations and scuffles outside the company’s buildings in Istanbul and Ankara on Tuesday (October 27).

Hundreds of people gathered outside Koza media headquarters in Istanbul and Koza Ipek’s mining firm in Ankara after Turkish media reported the company had been placed under administrative receivership and a board of trustee had been appointed by public prosecutor’s office.

Scuffles broke out as trustees and lawyers arrived at the offices of Koza Ipek conglomerate in Ankara and Istanbul to submit a notification that the group was placed under receivership. In Ankara, police used pepper spray to disperse the demonstrators trying to prevent the delegation from entering the building.

Last month, police raided offices of parent company Koza Ipek Holding seeking financial documents as part of an investigation into its links to cleric Fethullah Gulen’s Hizmet (Service) Movement, President Tayyip Erdogan’s ally-turned-arch rival.

A court search warrant at that time showed that Koza Altin and group firm Koza Anadolu Metal were being investigated on suspicion of terror financing, terror propaganda and other crimes related to Chairman Hamdi Akin Ipek’s alleged support for Gulen.

Erdogan has accused Gulen, who resides in self-imposed exile in Pennsylvania, of operating a “parallel structure” of supporters in the judiciary, police, media and other institutions that has operated against his office.

Gulen has denied the charge.

Tags : Receivership, Placed, Conglomerate, Turkish, after, Scuffles

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