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Turkey seized 879 companies since failed coup, worth 40.3 billion lira - state fund
May 24, 2017 / 1:43 PM / 7 months ago

Turkey seized 879 companies since failed coup, worth 40.3 billion lira - state fund

ISTANBUL (Reuters) - Turkish authorities seized or appointed an administrator to a total of 879 companies worth 40.3 billion lira ($11.32 billion) in assets in the eight months since the failed coup last July, the state fund that runs the firms said on Wednesday.

Broken trees are pictured outside the destroyed parliament building in Ankara, July 16, 2016 after an attempted coup in Turkey. REUTERS/Stringer/Files

According to a quarterly report by Turkey’s Savings and Deposits Insurance Fund (TMSF), nearly 45,000 people were working in the seized companies. It added that a total of 147 media companies were shut down within the same period.

Turkey has taken control of a bank, several media firms and other enterprises as part of a crackdown on companies it suspects of links to sympathisers of Fethullah Gulen, the U.S.-based cleric the government blamed for the July 15 failed putsch.

($1 = 3.5610 liras)

Reporting by Behiye Selin Taner; Writing by Humeyra Pamuk; Editing by Dominic Evans

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