The European Bank for Reconstruction and Development (EBRD) has opposed the Turkish government’s decision to appoint Hakan Atilla, a former Halkbank executive who was jailed in the US, as the Chief Executive of Borsa Istanbul in which the lender has a big stake.
Jonathan Charles, EBRD’s Managing Director for Communications, said that EBRD was not consulted and does not support the appointment, adding that the lender would seek to discuss the matter with Turkish authorities.
The former Halkbank executive was convicted by a New York court in early 2018 on allegations of helping Iran evade economic sanctions on billions of dollars of oil revenue. Atilla served 28 months in a US prison and received a hero’s welcome from government officials on his release.
“This is a great day, our brother Hakan has returned home unscathed and he will have a good holiday, rest—hopefully we will talk again in the coming days,” said Albayrak. President Recep Tayyip Erdogan telephoned Atilla upon his arrival back in Turkey.
The EBRD holds a 10 per cent stake in Borsa Istanbul, the 15th largest exchange in Europe, the Middle East and Africa.
Last week US prosecutors charged Halkbank, Turkey’s second-largest state-owned bank, with taking part in a multibillion-dollar scheme to evade sanctions on Iran.
Halkbank dismissed the charges as part of broader US sanctions over Turkey’s two-week-old offensive against Kurdish-led forces in northeast Syria, reported Reuters.
BUSINESS
SABB seeks to boost corporate lendingBUSINESS
HSBC considering exiting from TurkeyBUSINESS
Zimbabwe turns to UAE to sell a stake in...BUSINESS
ADIA plans to sell a $2 billion stake in...BUSINESS
Amanat considers stake in VPS HealthcareBUSINESS
ECI, HSBC partner to support UAE businessesBUSINESS
National Bank of Oman to exit from EgyptBUSINESS
Salt Bae backers seek a partner and a $1...BUSINESS
Oman plans to launch new regional airline
CPI Financial was established in Dubai in 1999 to meet the needs of an ever-expanding financial community, offering a comprehensive portfolio of market-leading products and services tailor-made for the banking and financial services sectors.
Loading More post
