
Making a written statement regarding the stock market and fund profiteering, KESK said, 'We are faced with a decay in which capital, politics and bureaucracy are intertwined.'
KESK described the fund crisis in the capital markets as the 'Susurluk of the financial markets' and demanded that all those responsible and their political extensions involved in the heist be held accountable.
AI-generated summary
The developments in the capital markets, publicly known as the fund crisis, and the stock market-fund profiteering, which is claimed to have reached 1 trillion liras, are discussed.
In the statement made by the Confederation of Public Employees' Unions (KESK) regarding the developments in the capital markets, publicly known as the "fund crisis", the incident was described as "Susurluk of the financial markets".
The statement said, "All those responsible and their political extensions who were involved in, turned a blind eye to, and protected stock market and fund profiteering should be held accountable. All of the profits obtained from the profiteering should be identified, and their unjust gains and assets should be confiscated immediately."
A written statement was made by KESK regarding the developments in the capital markets, publicly known as the "fund crisis". In the statement, the following was noted:
"As a country, we have been following the developments regarding the stock market-fund profiteering, which has reached 1 trillion liras, for days. New names, ranging from former ministers to bureaucrats, are being added to those who allegedly benefited from the profiteering. Every development shows that we are faced not with a simple market fraud, but with a corruption described as the 'Susurluk of financial markets', where capital, politics, bureaucracy and political influence networks are intertwined.
Moreover, the damage caused to the Turkish economy by what happened in this scandal cannot be measured only by the direct monetary size of the emphasis. "The loss of savings of hundreds of thousands of citizens, the loss of value in the stock market and the increase in the country's financial risk perception make the economic cost of this scandal reflected on the entire society much more severe."
"THEY HAD ENOUGH BY WATCHING THE HITCHED PERFORMED visibly FOR MORE THAN A YEAR"
"Despite this, the political power is making heroic speeches about carrying out an effective investigation and prosecution, and is trying to pass off the profiteering with resignations and effective regret. We have witnessed these heroic speeches and tactics of stalling the society many times before. Similar speeches were made in investigation files such as Deniz Feneri, Reza Zarrab-Halkbank files, and dozens of corruption cases such as the Red Crescent's sale of earthquake tents, the former Minister of Trade's purchase of disinfectant from his own company.
However, all these files and corruptions were closed one by one without revealing those responsible. Therefore, the heroic speeches made today by those who have only watched the obvious profiteering for more than a year have no credibility. As a matter of fact, the duty of the state is not to assess the damage after the plunder grows, but to prevent the plunder of citizens' savings in the first place.
The robbery that took place cannot be covered up with resignations or regulations that turn into a door of impunity, similar to effective regret. Returning the unfair gain does not and cannot mean ignoring the act committed. "The mentality of 'give the money back and we will ignore your crime', which will hurt the public conscience, is unacceptable."
"AT LEAST 1.5 MILLION CITIZENS WERE VICTIMIZED"
In the statement, it was noted that the steps to be taken to eliminate the suspicions were clear and it was said, "When did public institutions detect the unusual transactions in the stock market? Why did the CMB and Borsa Istanbul not intervene in time? Who neglected their duties and turned a blind eye to profiteering? Did political relations play a role in these wealth transfers? The government should answer these questions as soon as possible instead of making heroic speeches."
The statement included the following statements:
"All those responsible and their political extensions who were involved in, turned a blind eye to, protected and guarded the stock market and fund profiteering, in which at least 1.5 million of our citizens, along with their families, were victimized, must be held accountable. The workers and the public, whose savings were devastated, should not be allowed to pay the price of the profiteering.
For this purpose, all profits obtained from plunder must be identified, and illicit gains and assets must be confiscated immediately. A transparent process should be carried out to determine whether there is an organized structure behind the attack, and if there is such a structure, it should be revealed with all its economic, bureaucratic and political connections. "Those who do not fulfill their audit duties on time must be held accountable before the public, just like those who profit unjustly from this profiteering."
"THE ISSUE IS THE AUTHORITARIAN SYSTEM AND THE EXPLOITATION ORDER"
"On the other hand, we would like you to know that, as a society, we are faced with a much deeper problem than a stock market-fund profiteering. Because at the source of the problem, there is a system that feeds corruption and profiteering, like a swamp that feeds mosquitoes. Therefore, the issue is not just an issue of stock market-fund profiteering.
The issue is that those who came to power by saying 'We will fight against corruption, poverty and bans' are gradually making Turkey a country associated with more bans, poverty and corruption. The issue is the current authoritarian system, which eliminates the separation of powers, is not content with limiting the powers of the parliament as much as possible, but also binds every institution of the state responsible for supervision, investigation and judgment.
The issue is the system of exploitation that imposes hunger and poverty on the people and workers with every step it takes, adding wealth to the wealth of the capital and its supporters, and the one-man government that tries to keep this order alive with prohibitions and oppression. Therefore, the only way out is to fight against the authoritarian order, which takes from the pockets and tables of the poor and transfers it to the rich, covers up every corruption experienced, and feeds on policies of exploitation and oppression. "As KESK, we will continue to fight determinedly against the order that imposes misery on workers and the people and enlarges the wealth of a handful of supporters and capital."
AI outlook — possibilities, not facts
KESK and similar organizations will continue their anti-system and justice-oriented actions.
Likely · Within weeks

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