World Bulletin / News Desk
Two separate investigations have been launched against Galatasaray Chairman Ünal Aysal and several club managers over complaints filed by 13 individuals accusing them of bringing down the value of Galatasaray's shares, traded on the İstanbul Stock Exchange (İMKB), through “aggravated fraud” and “manipulation.”
Aysal is accused of bringing about a fall in the share price of the football club by making controversial statements. At the team's general congress on July 9, 2011, Aysal said: “We never recommend the sale of shares. We have plans in place for repurchase agreements.” However, 800,000 shares were later sold by Aysal's administration.
Galatasaray, which was labeled the “dream team” of the Turkish football league at the beginning of the football season this year after the transfer to the team of several successful players, faces difficult days now not only because of the successive defeats it has suffered over the past few weeks but also due to financial difficulties and problems in the club's administration.
Thirteen investors have filed criminal complaints against Aysal and several Galatasaray club administrators with the İstanbul Chief Prosecutor's Office.
The prosecutor's office has commissioned two prosecutors to separately investigate charges of “aggravated fraud” and “manipulation.”
One of the complaints filed is that of lawyer Nejlan Yıldız, according to the investigation file of public prosecutor Mesut Erdinç Bayhan. Yıldız said the value of the Galatasaray shares she owned fell sharply due to contradictory statements Aysal made about the shares. She said her shares in Galatasaray, each of which was valued at TL 430 when she bought them, fell to TL 180 due to Aysal's statements.
Yıldız said investors like her have sustained significant financial loss due to Aysal's actions.
A worldwide boycott could alter the Israeli economy, enterpreneurs from the Anatolian Businesspersons' Association and Istanbul Commodity Exchange said.
Turkish PM Recep Tayyip Erdogan was given the Profile of Courage award in 2004 by the Jewish American Congress for his efforts in the Middle-East peace process.
Turkish Prime Minister Erdogan discussed the Israel-Gaza in an exclusive interview with CNN, and accused Israel of being a “terror state”.
When integrated with the Marmaray, the under-sea tunnel connecting the both sides of Istanbul, a passenger will be able to travel directly through the country's Asian and European sides without requiring any other means of transportation.
Jewish people should not be identified with Israeli military or political policy, say academics.
Turkish dailies reported Thursday on the latest developments of the operation in Istanbul and other cities against police officers and officials in the wiretapping probe, along with the latest clashes in Israel and Palestine.
Turkish FM Ahmet Davutoglu postponed a trip to France and left for Qatar in an effort to reach ceasefire between Israel and Gaza.
A major operation in Istanbul and other cities sees 22 more police personnel detained and 14 of them have been sent to court.
U.S. Secretary of State John Kerry spoke to Turkish Foreign Minister Ahmet Davutoglu three times on Thursday.
"If Israel continues with this attitude, it will definitely be tried at international courts," Erdogan told a rally of supporters in the southern port city of Mersin.
A major operation in Istanbul and other cities saw 104 police officers and chiefs detained and 22 of them sent to the court.
Troubles in Ukraine, Iraq, Syria and Israel are forcing airlines travelling between the east and the west to fly through Turkey.
"The U.S., Turkey, Qatar and Egypt have been working for the last five days to ensure an immediate ceasefire," Ahmet Davutoglu said
Turkey called on citizens to immediately leave Libya and avoid non-essential travel after airports were closed down due to shelling.
Turkish dailies reported Thursday on the latest developments of the operation in Istanbul and other cities against the police officers and officials in wiretapping probe, the latest clashes in Israel and Palestine and the Taiwan plane crash which left 51 dead.
Syrian refugee: “Syrians brought dynamism to trade here in Gaziantep”.