Turkey’s top economic management sees another shakeupANKARA: Mehmet Hakan Atilla, CEO of Turkey’s Istanbul Stock Exchange (Borsa Istanbul), resigned from his post on Monday, triggering doubts about the motivations behind this abrupt move at the one of key economic managerial posts of the country. During the upcoming New York trial, Halkbank faces a fine of up to $20 billion with charges of money laundering, evasion of sanctions and fraud as the bank is accused of helping funnel over $20 billion for Iran in violation of US sanctions. However, for Wolfango Piccoli, co-president of Teneo Intelligence in London, Atilla’s resignation will make no difference to the trial of Halkbank and US-Turkey relations. According to Ash, the resignation of Atilla may be related to the beginning of the Halkbank trial. “And the Turkish authorities don’t want any fallout from that to damage the Istanbul Stock Exchange,” he said.

Source: Ethiopian News March 09, 2021 09:23 UTC