The 10th Istanbul Anatolian Penal Court of Peace has decided to appoint several trustees to replace the management of Kaynak Holding, which is a high profile Turkish company allegedly tied to the “parallel state structure.”
The Istanbul Anatolian chief public prosecutor’s office has recently launched an investigation into certain companies, including Kaynak Holding on the grounds that they have financed “Gulenist Terrorist Organization (FETO)” which is also called “parallel state structure” by state officials.
The chief prosecutor previously demanded from the 10th Anatolian Penal Court of Peace to appoint trustees to the 19 companies, which have presumably functioned within the body of Kaynak Holding, citing mounting evidence that the firms have financed the FETO.
The demand has been accepted by the respective court and the appointed delegation of seven trustees has come to the corporate office of Kaynak Holding accompanied by policemen on Wednesday morning, according to Turkey’s Anadolu Agency.
The trustees will take over the management of the company and will eventually create a new board within the scope of Article 133 in the Turkish Code of Criminal Procedure (CMK).
The Gulen Movement, which is led by Fethullah Gulen - a US based preacher of Turkish origin- is accused by the Turkish government of establishing and leading a “parallel state,” composed of a network of followers who have allegedly infiltrated the judiciary, police force, and other state agencies to control these institutions.
An extensive investigation into the group began after the movement was accused of attempting to overthrow the elected Turkish government via judicial coup last December.
An alleged secret circle within the Gulen Movement, was also determined as a national security threat for Turkey by the National Security Council.
In addition, Turkey’s chief public prosecutor’s office of Istanbul recently issued an indictment accusing the circle of “terrorism” and calling it as “FETO.” The accusations include illegal wiretapping, blackmailing and threatening.
Istanbul police conducted a raid at the offices of media outlets connected to Koza-Ipek Holding on Oct. 28, after the company was accused of Gulen-linked operations involving illegal activities, such as fraud and the collection of unauthorised donations, by prosecutors.
The trustees who were assigned to manage the company's operations following the discovery of the alleged "illegal activities," entered the offices of the media outlets accompanied by the police.