LEADING NEWS SOURCE FOR TURKEY AND THE REGION

TURKEY tr-diplomacy

Turkish finance minister warned on Doğan stocks, leaked document says

ISTANBUL - Hürriyet Daily News | 11/29/2010 12:00:00 AM |

Turkey's finance minister encouraged a group of investors in London to sell their stock in Doğan because the company was going down, a leaked document has said.

Finance Minister Mehmet Şimşek encouraged a group of investors in London to sell their stock in the Doğan Media Group because the company “won’t be around much longer,” according to a document leaked Sunday by whistle-blowing site WikiLeaks.

Şimşek denied the report Monday, saying that it was “just a bunch of lies.”

The finance minister allegedly made the comments on Sept. 15, 2008, during the height of a spat between Doğan, the country’s largest media group, and the ruling Justice and Development Party, or AKP.

The report, prepared by U.S. Embassy to Ankara official Daniel O'Grady, said the conflict erupted after Prime Minster Recep Tayyip Erdoğan lashed out at the Doğan Group for reporting on allegations in a German court that the German-based Lighthouse e.V. laundered funds to individuals in Turkey close to Erdoğan and the ruling AKP.

“This battle could be seen as just a very direct and personal fight between two titans,” O’Grady wrote in his report.

MOST POPULAR

MOST COMMENTED

AcerPro S.I.P.A HTML & CSS Agency