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.