Tag: Dictator Looting Tutkey

Dictator Erdogan decrees $20 billion Tank Factory gift to Cronies

How nice to have total power! Here’s yet another little scandal to add to the 1001-crimes-of-adolf-erdogan. Not this time locking up tens of thousands or  massacring the Kurds‎, but adding up to a fine sum of $20,000,000,000 nonetheless.

How Erdoğan rushed to gift Turkey’s multibillion dollar tank factory to his cronies and Qatar

by Abdullah Bozkurt  at Nordic Monitor

The government of Turkish President Recep Tayyip Erdoğan rushed a financial agreement between Turkey and Qatar through Parliament for approval ahead of his decision to turn over a $20 billion tank and pallet factory to a company run jointly by his associates and the Qatari army.
The tank and pallet factory at 1st Main Maintenance Command headquarters in Turkey’s Sakarya province.

The deal, the avoidance of double taxation agreement, came just in the nick of time before the Erdoğan government presented a multibillion-dollar national tank factory on a silver platter to Turkish-Qatari armored vehicle manufacturer BMC, a company run by Ethem Sancak, a member of the MKYK executive body of the ruling Justice and Development Party (AKP).

The rushed agreement on double taxation between Turkey and Qatar replaced one that had been in effect since 2009.
The taxation agreement was approved in Parliament.
Erdoğan issued an executive decree on Dec. 20, 2018 that turned over the rights to operate Turkey’s national tank factory for a 25-year period to BMC without any competitive bidding or transparent process.

On paper, 49.9 percent of BMC’s shares belong to the Qatari Armed Forces, while Sancak owns 25 percent and the Öztürk family (Ahmet Öztürk, Talip Öztürk and Taha Yasin Öztürk) owns 25.1 percent.

Rumor in Ankara circles has it that Erdoğan is the real owner of BMC and Sancak is merely a caretaker looking after the Turkish president’s business interests. The Öztürk family, known to have mafia links to Galip Öztürk, a convicted murderer and head of an organized crime network, is seen close to the Turkish president.

Continue reading “Dictator Erdogan decrees $20 billion Tank Factory gift to Cronies”

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