Top Turkey Bankers Say They Were Fired on Regulators’ Orders
- Dismissals began in late 2017, continued through October 2019
- Campaign came as lira, mounting debt stressed economy
Photographer: Kerem Uzel/Bloomberg
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Turkish authorities have extended their campaign against perceived political enemies into the $750 billion financial industry.
Eleven former senior executives of non-state banks told Bloomberg News they were dismissed in the past two years on orders from banking regulators, who are overseen by Berat Albayrak, the president’s son-in-law, who has been treasury and finance minister since July 2018.