Turkish Banking Watchdog Chair Submits Resignation to Erdoğan
30 Articles
30 Articles
A scandal over suspected price manipulation has shaken Turkey for weeks – and also occupied the ruling party. Now an important head of authority is resigning.
The head of the Turkish Banking Supervision Authority, Shihab Qaojioglu, resigned to Erdoğan, against the backdrop of long-standing accusations by the Authority and his person, in the midst of ongoing investigations into the crisis of investment funds that had shaken Turkish markets.
Banking Regulation and Supervision Agency Chairman Şahap Kavcıoğlu has resigned.
BDDK (Banking Regulation and Supervision Agency) Chairman Şahap Kavcıoğlu announced his resignation. In his statement, Kavcıoğlu said, "Following the recent allegations concerning the Banking Regulation and Supervision Agency and myself, I have requested to be relieved of my duties by our President Recep Tayyip Erdoğan in order to prevent further damage to our institution."
It has been reported that Şahap Kavcıoğlu, the Chairman of the Banking Regulation and Supervision Agency (BDDK), has resigned from his position. In a statement on his social media account, Şahap Kavcıoğlu said, "Following the allegations concerning the BDDK and myself in recent days, and in order to prevent further damage to our institution, I have resigned at the request of our President Recep Tayyip Erdoğan..."
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