Türkİye

Turkey: Trustees appointed to 15 'Gulen-linked' firms

Fifteen companies police say have organic links to Istanbul-based Kaynak Holding are taken over by trustees

24.12.2015 - Update : 25.12.2015
Turkey: Trustees appointed to 15 'Gulen-linked' firms

İstanbul

ISTANBUL

Seven trustees have been appointed to an additional 15 companies related to Istanbul-based Kaynak Holding – which has been accused of harboring links to the Gulen movement, judicial sources said on Thursday. 

The move was made in accordance with a decision by Istanbul’s Anadolu Criminal Court of Peace no: 2 after a police investigative committee found these companies to have organic links with the holding.

Thursday's ruling follows a similar move for 19 other companies, a foundation and a labor union connected to Kaynak Holding. These were also taken over by trustees last month.

Kaynak Holding is being investigated for allegedly providing financial support to what Turkish officials describe as the 'Gulenist Terror Organization'.

This refers to the movement led by U.S.-based preacher Fetullah Gulen, which is accused of plotting to overthrow the Turkish government by infiltrating state institutions, mainly the police and the judiciary.

Kaynak was also the subject of a tax investigation last year.

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