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situation report

Feb 4, 2015 | 13:45 GMT

1 min read

Turkey: Bank Linked To U.S.-Based Cleric Is Seized

Turkey has seized control of a bank affiliated with a moderate Islamic movement that is at odds with the current government, AP reported Feb. 4. Turkish financial authorities appointed a new CEO and board to Bank Asya, accusing the bank of violating banking regulations on transparency. The seizure comes as Turkey is targeting the movement of U.S.-based cleric Fethullah Gulen, whom Turkish President Recep Tayyip Erdogan has said is plotting against the government.

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