Turkey seizes assets of opposition mayoral candidate

Mustafa Sarigul, who will run to become the mayor of Istanbul in upcoming local elections, had his assets frozen after failing to pay back a loan from 1998.

Turkey seizes assets of opposition mayoral candidate

World Bulletin / News Desk

Turkish authorities seized the assets of Mustafa Sarigul, the main opposition party CHP's candidate for Istanbul mayor, an official said on Friday, after Turkish businessman Korkmaz Yigit complained that he had not paid back a loan.

Turkey's Savings Deposit Insurance Fund (TMSF) seized Sarigul's assets after he and his business partners failed to repay a loan dating back to 1998, the TMSF official said.

The move coincides with heightened political tensions amid a far-reaching corruption scandal that has led to the detention of prominent businessmen as well as sons of former cabinet ministers close to Prime Minister Tayyip Erdogan.

Sarigul will run against Istanbul's incumbent mayor, Kadir Topbas of Erdogan's centre-right AK Party. Polls suggest Topbas, who has run Turkey's largest city and business capital for about a decade, will beat Sarigul, though the race may prove tight.

Last Mod: 18 Ocak 2014, 13:25
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Ali
Ali - 5 yıl Before

This web site fails to mention the fact that this is an ALLEGED corruption scandal. And that the "Fetullah Movement" may well be behind the creation of the "scandal".