World Bulletin / News Desk
The parliamentary Coup and Memorandum Investigation Commission has launched an investigation into the financial losses by the state that surrounded the Feb. 28, 1997 unarmed military intervention, analyzing the accounts of politicians and top military and bureaucratic officials at the time.
A coalition government led by a now-defunct conservative party was forced to step down by the military on Feb. 28, 1997. Not only were fatal blows dealt to fundamental rights and freedoms following the coup, but democracy and the rule of law were also suspended. The coup introduced a series of harsh restrictions on religious life. Although the Feb. 28 coup's consequences in social life were apparent, its effects on Turkish finances have gone unexplained for years.
Justice and Development Party (AK Party) Çankırı deputy İdris Şahin, who is the spokesperson for the coup investigation commission in Parliament, told Cihan news agency that the commission has begun to investigate the financial losses caused by the Feb. 28 coup.
“The situation of the banks, the assets of which were transferred to the Banking Regulation and Supervision Agency [BDDK] and the Savings Deposit Insurance Fund [TMSF], is important. Who was on the executive board of those banks back then? How much in assets did these banks cause to be lost by the state? These are the questions we will answer. We will also investigate banks' partnerships and changes in administration between 1991 and 2007. We will investigate the bank loans granted [to people] and whether they were paid back. We will investigate the roles of people in the Feb. 28 process who did not pay back their bank loans. We are not accusing anyone [of anything] at the moment, but bank records will reveal everything,” Şahin said.
He also noted that the commission has requested relevant documents from the National Intelligence Organization (MİT), the Prime Ministry, the Ministry of Defense and the Ministry of Foreign Affairs in addition to the account activities of top military, political and bureaucratic figures at the time from the BDDK and the TMSF.
Deputy Prime Minister Kurtulmus dismisses talk of snap elections
Gen. Hulusi Akar will visit Brussels to attend NATO’s highest military authority meeting
International Organization for Migration head thanks Turkey for hosting 3.1 million refugees
Lawmakers approve regulations on parliamentary and presidential elections
Lawmakers approve motion that allows head of state to keep ties with his or her own party
Chiefs of general staff from 13 countries to take part in meeting on fighting Daesh in Saudi Arabia
Lawmakers approve host of changes including name, structure of country’s highest judicial body, budgets
Article 13 dealing with ‘military courts’ endorsed by Turkish lawmakers
No one can stand in the way of the rise of new Turkey, says the president, as parliament passes sweeping changes
Leading Muslim, Jewish, and Christian leaders in ancient Hatay city condemn all types of terror and call for peace, solidarity
Nearly 425,000 people from 74 different countries trying to illegally cross Turkish borders captured in 2016, says military
BOC to operate a deposit bank in Turkey by investing $300 million
Suspects accused of 'being member of an armed terror organization,' and 'helping 39 times first-degree-murder'
Lawmakers endorse measures to regulate presidential election and parliamentary elections
Two other Turkish soldiers wounded during the operation against PKK organization in Bitlis province
Empty 6-story apartment building collapses in city's Zeytinburnu district on the European side