Once a successful economy czar, Ali Babacan became a economic hitman in Bank Asya confiscation…

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Turkish state’s takeover of Bank Asya ‘not political,’ economy czar says

Deputy Prime Minister Ali Babacan said on May 30 that Turkish authorities decision to take over Bank Asya was not political. ““If it was political, why would [the government] wait for one and a half years?” he said.

Turkish authorities take over Islamic lender Bank Asya

Turkish authorities have said late May 29 they had decided to take over Bank Asya, the Islamic lender caught up in a feud between President Tayyip Erdoğan and U.S.-based Muslim cleric Fethullah Gülen.

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