Turkish Lawmaker Alleges $600,000 Bribe Paid for Stock Market Listing - Turkish Minute
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6 Articles
Mehmet Atmaca, a Saadet Party MP from Bursa, claimed that an industrialist, in order to take his company public, first faced a demand for a bribe of $1.5 million (approximately 75 million Turkish Lira) during the Capital Markets Board (SPK) process, and then was forced to pay $600,000 (approximately 30 million Turkish Lira).
Turkish lawmaker alleges $600,000 bribe paid for stock market listing - Turkish Minute
A Turkish opposition lawmaker has alleged that a businessman paid a $600,000 bribe to get his company listed on the stock exchange after another legislator demanded the payment, in remarks published Sunday. Mehmet Atmaca, a lawmaker from the opposition Felicity Party (SP), alleged that the businessman in Bursa, a manufacturing center in northwestern Turkey, initially […]
BOLD – According to allegations made by Saadet Party Bursa MP Mehmet Atmaca, a Bursa-based industrialist whose initial public offering (IPO) application had not been finalized for two years was first asked for a bribe of $1.5 million, then another $600,000. It is claimed that the company went public after the industrialist made the payment, and the most striking part of the allegations is that the Chairman of the Capital Markets Board (SPK), Öme…
Mehmet Atmaca, a Saadet Party MP from Bursa, alleged that a Bursa-based industrialist had to pay a bribe of $600,000 (approximately 30 million Turkish Lira) to be able to take his company public. These allegations have brought the public offering processes at the Capital Markets Board (SPK) back into the spotlight.
The article by Bursa Time writer Yüksel Baysal containing remarkable allegations of bribery based on the narration of Mehmet Atmaca, MP of the Saadet Party of Bursa, was removed from publication shortly after publication. The link to the post titled “A bribery story” now gives a 404 error. According to Yüksel Baysal, before an industrialist from Bursa who wanted to open on the Stock Exchange, he was asked for 1.5 million dollars, and then 600 [.…
Saadet Party Bursa MP Mehmet Atmaca recounted the experience of a Bursa industrialist who applied to the Capital Markets Board (SPK) for a public offering: “They demanded a bribe of 1.5 million dollars. A member of parliament came and said, ‘This is the rule of this business, you have to pay.’” The article titled “Allegation of a 600,000 dollar bribe for a public offering at the SPK: ‘A member of parliament came and took the money’” was first pu…
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