Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Turkey's Boydak rejects allegations against jailed executives

Published 07/03/2016, 09:36
Turkey's Boydak rejects allegations against jailed executives

ISTANBUL (Reuters) - Turkish conglomerate Boydak Holding on Monday rejected allegations against its top executives jailed in an investigation over their links to U.S.-based Muslim cleric Fethullah Gulen, an influential foe of President Tayyip Erdogan.

Turkish police detained the furniture-to-cables group's chairman Haci Boydak and chief executive Memduh Boydak on Friday and a court ruled on Sunday to keep them in custody as the case against them is prepared, the company said.

They were jailed over accusations of financing what prosecutors described as the "Gulenist terror group", state-run Anadolu Agency reported. It said two other group executives detained on Friday were released.

"Our legal department is following the process related to these allegations to which our board members are exposed and will make the necessary objections soon," Boydak said.

"We fully believe the judicial process will be completed soon and our chairman Haci Boydak and CEO Memduh Boydak will return to us and it will become clear they have nothing to do with the allegations targeting them," the statement said.

Their detention came hours before authorities seized control of the country's largest newspaper Zaman, ahead of a summit between Turkey and the European Union.

France's foreign minister said on Monday the decision to seize control of Zaman was "unacceptable" and went against European values.

Erdogan accuses Gulen of conspiring to overthrow the government by building a network of supporters in the judiciary, police and media. Gulen denies the charges. The two men were allies until police and prosecutors seen as sympathetic to Gulen opened a corruption probe into Erdogan's inner circle in 2013.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.