Turkey's banking regulator sues journalists and commentators for talking about economic crisis

Turkey's banking regulator sues 50 people including two reporters who wrote an article on Turkey's economic crisis as well as artists and economists who made comments on the article
Friday, 14 June 2019 14:09

BDDK, Turkey's banking regulation agency, acted on an article about the economic and currency crisis in Turkey which was published in Bloomberg.

The agency accused 50 people including the reporters, some artists and economists of "targeting the economic order and stability of the state."

The article on the economic crisis and fluctuations in exchange rates was written by two reporters from Bloomberg, Kerim Karakaya and Fercan Yalınkılıç.

The agency included not only those who prepared the report but also other well-known artists and writers, including Mustafa Sönmez, Merdan Yanardağ, Sedef Kabaş and Orhan Aydın, for commenting on the news.

50 people were allegedly opposed to the capital market law from their social media accounts during the exchange rate shock in August 2018 in Turkey. The first hearing of the case will be held on September, 20 in Istanbul.

Social media posts that were charged with opposing the law mainly say Turkey is clearly experiencing a serious economic crisis, there will be so many negative consequences of the crisis, and the government is not able to manage the crisis.

In March, the baking regulation agency made a similar accusation and an investigation was launched against the US-based international investment bank JP Morgan on a foreign exchange report after the depreciation of TL against the foreign currency.