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BackFund Robbery Raises the Debate on Crime Economy and Power Economy
Fund Robbery Raises the Debate on Crime Economy and Power Economy
Developing
Cumhuriyet48 minutes agoCrime2 min readTürkiyeView original

Fund Robbery Raises the Debate on Crime Economy and Power Economy

Quick Look

  • While carrying out the fund robbery brings the concept of criminal economy back to the agenda, it is emphasized that it requires self-confidence, strength and talent.
  • While Doğan Cansızlar expresses his confidence in the CMB's control structure, he states that Mehmet Şimşek's previous warning of manipulation was not taken seriously.
  • It is emphasized that the incident may undermine public trust and erode control mechanisms.

AI-generated summary

Why It Matters

While carrying out the fund robbery brings the concept of criminal economy back to the agenda, it is emphasized that it requires self-confidence, strength and talent. Prof. Dr. While Doğan Cansızlar expresses his confidence in the CMB's control structure, he states that Mehmet Şimşek's previous warning of manipulation was not taken seriously.

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The fund robbery, which was paraded in front of the official institutions of the state, brought the concept of "criminal economy" back to the agenda.

It takes a lot to commit such large-scale robbery in the stock exchange system, where every stage requires special permission!

First of all, it requires self-confidence. It requires the psychology of not getting caught or making sure nothing will happen to you.

This is not enough, it requires strength! In fact, it is not possible without adding the "economy of power" to the concept of criminal economy. It is necessary to have that much power to be able to take things that big!

This is not enough, it requires talent! You will organize yourself and add thousands of percent of value to your stocks. You will go public at the top. Each of these is a matter of self-confidence, strength and talent!

***

Professor at Atılım University, who served as the President of the Capital Markets Board (CMB) for the longest period (2000-2006). Dr. Naturally, he was cautious while talking about the latest events with Doğan Cansızlar. He emphasizes that although Minister of Finance Mehmet Şimşek said months ago, "We see the manipulation, we will take precautions," the failure to do what is necessary needs to be explained. He states that he has great confidence in CMB's expert infrastructure and that it is a well-trained staff. The warning is this:

"From now on, it is necessary to manage the aftermath very carefully. These things cannot be done with headlong steps. There is a need to protect the whole, but to put forward a stance that will give confidence to the public!"

The general atmosphere of such situations in the capital is as follows:

All groups except the government can be guilty!

We see a similar picture in fund robbery. There are dozens of questions that occupy people's minds, starting from the fact that Şimşek warned them ten months in advance. Let's list a few:

- If Şimşek knew but did not take precautions, it is grave, if he wanted it to be taken and the necessary action was not taken, it is even worse, if he prepared the necessary draft for the precaution but he did not follow through, it is even worse! Which grave truth?

- Taking money abroad is a natural result of the criminal economy in Turkey. In such robberies in the past, the money taken abroad would have more than one "proxy". Immediately after it was released, the money would be withdrawn by that power of attorney and it would disappear. Is such a situation possible?

- It is said that the lion's share is out of the system in the period between the time the prosecutor's office takes action and the moment the operation button is pressed. The public naturally asks; Who are the 12 people who received this share?

- There are also people who participated in this 12 people debate as follows; 12 people are not just 12 people. Many exits may have occurred through them. Will all this be revealed?

***

As for the crime-power economy aspect of the matter...

Thousands of people are victims of robbery... Unfortunately, in such crises in the past, there would be destruction, even leading to suicides. It seems that the big robbery had victims of small financial size. It is not yet clear what to tell them!

We are experiencing the consequences of the massive erosion of the control mechanism in Turkey.

We are talking about a structure that can commit robberies even from traffic accidents and turn the citizenship of the Republic of Türkiye into a part of the criminal economy!

Let's end with the fund robbery...

If these are in the background, that is, in the background...

What's in the foreground?

What to Watch

AI outlook — possibilities, not facts

  • The prosecutor's office will complete the operation regarding the fund robbery and make arrests.

    Likely · Within weeks

  • CMB's audit mechanism will be reviewed and new regulations will be introduced.

    Very likely · Within months

Open Questions

  • What is the latest status of the money given to citizens in the fund robbery?
  • Who are the internal suspects in committing the robbery?
  • What specific vulnerabilities were used in the CMB's audit mechanism?
  • What powers of attorney were used regarding the money issued to citizens?

Related Topics

This article was originally published by Cumhuriyet.

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