TURKEY: ‘ BANKING REGULATOR TAKES OVER CONTROL OF BANK ASYA AFFILIATED ISLAMIC MOVEMENT ‘

#AceFinanceNews – TURKEY:Feb.04: Turkey’s banking regulator has taken over control of Bank Asya, affiliated with a moderate Islamic movement which is locked in a feud with the government, AP said.

The Banking Regulation and Supervision Agency said that the saving deposit insurance fund had seized control of Bank Asya’s management, appointing a new CEO and board, citing a violation of banking regulations on transparency.

The move comes amid a government crackdown on the movement led by US-based cleric Fethullah Gulen.

Turkey has issued an arrest warrant for Gulen accusing him of plotting against the government.

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