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Turkish Bank CEO Busted With "Shoeboxes Of Cash" As Gold 'Exports' Soar
Suleyman Aslan is the CEO of Turkey's second largest bank; so imagine how shocked police were when, as Bloomberg reports, they raided his home and found $4.5 million cash stashed in shoeboxes and bookshelves. When asked why the funds weren't deposited at the bank he ran, he said that would mean declaring their origin and registering them officially...something he clearly preferred not to do. Add to this a massive 44% surge in non-monetary gold exports (and who knows how much gold smuggled - once again preferring not to explain its origin) and it appears increasingly clear 'wealth' is being extricated from the increasingly totalitarian nation before confiscations begin following the 'successful' elections this weekend for the ruling AKP party.
Via Bloomberg,
When Turkish police raided the Istanbul home of Suleyman Aslan in December, they found $4.5 million stashed in three shoe boxes and hidden in bookshelves.
Aslan, then chief executive officer of the country’s second-largest state-owned bank, said in court that the money was donations collected for his alma mater in central Turkey and to help build a university in Macedonia. When asked why the funds weren’t deposited at the bank he ran, he said that would mean declaring their origin and registering them officially, according to accounts of his testimony in local newspapers.
Dozens of phone conversations purported to be police wiretaps and leaked over the Internet in recent weeks instead paint a portrait of a banker helping a businessman smuggle gold and transfer hundreds of millions of dollars to Iran, evading U.S. sanctions. Surveillance photos said to be taken by police show similar boxes being delivered to Aslan’s home. The money was intended as bribes to ensure his cooperation, police allege.
In a separate investigation, Huseyin Aydin, CEO of Turkey’s largest government-owned bank, was overheard by police approving loans to businessmen who said they were under orders from Prime Minister Recep Tayyip Erdogan to buy a media company.
...
“What has come out in recent months is definitely raising concerns that maybe we’re back to the old days when these institutions were badly mismanaged,” said Alyssa Grzelak, a Washington-based senior economist for banking risk at research firm IHS Inc. “After the 2001 crisis, they were supposed to be cleaned up and no longer doing the bidding of politicians, but that seems to have been reversed.”
More corruption is coming to light...
In leaked recordings of phone calls allegedly made in October, Aydin can be heard talking to businessmen who say they have been ordered by Erdogan to buy Turkey’s Sabah newspaper and ATV television network. The calls were taped as part of a string of investigations that came to light on Dec. 17, when scores of people tied to Erdogan’s government were arrested or detained on charges including gold-smuggling, bribery and bid-rigging.
Transcripts of the conversations along with thousands of pages of documents have been leaked by unidentified people since the government dismissed and replaced police chiefs and prosecutors involved in the investigation, which Erdogan has said were part of an effort to undermine him in advance of the elections. While each sound recording is labeled and subtitled, the police reports include transcripts of conversations that haven’t been released and couldn’t independently be verified.
...
Erdogan, who acknowledged the veracity of some recordings, has tied them to a conspiracy by a faction of his governing party that has turned against him.
...
“We know so little about these new firms that have grown so fast thanks to their political connections,”
Additionally, Turkish exports of non-monetary gold in Feb. were worth $797m, 44.5% higher than yr earlier, according to Bloomberg calculation based on official data by state statistics office in Ankara.
One can only wonder how much was 'smuggled' as opposed to legally defined as exported as it appears increasingly clear 'wealth' is being extricated from the increasingly totalitarian nation before confiscations begin.
It seems there is anything but calm after the implicit vote of confidence for Erdogan...
Police use water canons against demo in Ankara, Turkey protesting local elections' results. @jmsardo pic.twitter.com/4JjiJOwl1u
— PzFeed Top News (@PzFeed) April 1, 2014
#Turkey #police disperse #election #protestors http://t.co/0a1hXlQb1u #Ankara pic.twitter.com/V8WkMbbgE3
— Al Arabiya English (@AlArabiya_Eng) April 1, 2014
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It would have sounded better if it was a Phez full of cash!
Turkey, they get to play with both Israel and Iran! No gold smuggling would probably collapse BOTH Turkey and Iran.
Turkey, what a great country!
HEY, Its A Bankers' "Artistic Licence" Right To Steal
"ShoeBoxes Of Keynesian Cash" ...
Soo... Who Is More Corrupt ???
Turkish Bankers Or Feddie ???
Damn "hooligan" bankers are at it again!
I believe the "missing" flight Malaysian Flight MH370 was heading that way for pick ups before it was so rudely diverted.
I like the ingenuity of the whole operation.
1. Governments handing bailouts to poorly managed banks.
2. Government calls banks and tell them to loan money to startup companies.
3. Startup companies buy media companies.
4. Media companies broadcast skittle shitting unicorn stories about government and economy 24x7.
5. Media company eventually fails and defaults on loan.
6. Rinse and repeat as Government bails out bank for bad loan.
DoChen, I had the same suspicion based on gold transactions.
Why is Erdogan being singled out ? He mentioned minarets
being bajonets some years ago and stated in Cologne Germany
that his compatriots should not ever assimilate lest their human rights would be denied !
Has this Islamic radical run his course to rip this formerly
moderate Turkish nation ripe for the usual US-destruction?
Remember how the Libyan leader or his son offended the Swiss.
3 people can keep a secret if 2 are dead.
This asshole obviously never learned it.
Gold and Silver are losing to the MASSLY PRINTED GREEN FIAT PAPER known as the u.s Dollar.. (weird)
losing what? my stack always weighs the same until I add more phyzz to it...then it gets heavier.
If I wanted to completely invent a truly disparaging story about a prominent banker to make him or her out to be a corrupt and clueless moron, it would read like this. Unbelieveable.
Corrupt bankers? I am just shocked I tell you. Shocked.
$4.5 million in three shoe boxes?
I don't think so, but I stand to be corrected.
He has big feet.
I can easily fit say 800 - 900 trillion in Zimbabwe dollars in my wallet. Big deal.
Very large shoes.
Peter Pan $4.5 million in three shoe boxes?
I don't think so, but I stand to be corrected.
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found $4.5 million cash stashed in shoeboxes and bookshelves.
You may sit down now.
Their shoe boxes are much bigger than Westerner shoes boxes 'cuz they wear those long pointy shoes that curve way up in front. Plus they all come with a matching turbin, so....big boxes...
;-)
But... but... barbarous relic!?!?!
Banksters all over the world do the same thing. Why should this surprise anyone.
Where did he have his bitcoins hidden?
That fat ass from MT Glox probably has an electronic shoebox somewhere.
Forget about the gentleman living in Pennsylvania, US tells Ankara
A little bit more about Mr. Gulen.
http://www.familysecuritymatters.org/publications/id.5944/pub_detail.asp
Christian militias have been raided in Michigan and Ohio, their members rounded up and tossed in prison and their caches of weapons confiscated. But a well-armed Muslim militia – comprised not of American citizens but foreign militants – operates under the noses of federal and state law enforcement officials. If you don't it, pay a visit to Saylorsburg, Pennsylvania, in the heart of the Pocono Mountains. “These guys use fully automatic weapons – AK-47s – for target practice,” one local businessman says. “We called the FBI but nothing has been done to stop them.” The Muslims have been here for years,” another resident says. “They’ve been engaged in training for guerilla warfare.” The Muslims in question are Turks who occupy a 45-acre compound that is owned and operated by Fethullah Gulen. Entrance to the compound is forbidden to outsiders. ... From his base in Pennsylvania, he has been responsible for the replacement of the secular government in Turkey with an Islamic regime. With assets in excess of $30 billion, he has wielded political allegiances in Washington that have resulted in the placement of Turkish Muslims in the CIA, NSA, FBI, and other national security organizations. He has created well-heeled lobbies to promote the cause of Islam and to develop Islamic candidates for political office. He has formed close friendships with Bill and Hillary Clinton, former Secretaries of State James Baker and Madeleine Albright, and George W. Bush. He has also established over 90 Islamic schools (madrassahs) throughout the United States, where studentsare indoctrinated in the tenets of political Islam. These charter schools are funded by American taxpayers. One school – Tarek ibn Zayed Academy (TiZA) in Minnesota – has been so radically Islamic and subversive in nature that the Minnesota Department of Education issued two citations against it and the American Civil Liberties Union is suing it. Gulen also imports thousands of graduate students from Turkey – at the expense of U.S. taxpayers – to study at American universities. More foreign graduate students in the U.S. hail from Turkey than from any other country. Several of these students live at the compound and serve as guards and paramilitary officials. They do not wear skullcaps or Islamic garb but rather business suits with white shirts and ties. ... Gulen’s stated dream is to restore the Ottoman Empire and a universal caliphate. - hint hint Muslim Brotherhood, Qatar, Obama(s) Barrack and Malik, IRS, Lois Lerner, Mursi, Egypt and Sudan, Benghazi and Arab Spring 2.0.... He fled Turkey in 1999 to escape arrest for creating a terrorist organization – the Fethullah Gulen Community. He received protection from high-ranking officials of the Clinton and Bush administrations, who believed that Gulen could play a decisive role in the struggle over Central Asia’s oil and gas wealth. This belief was based on the premise that Muslims within the newly created Russia republics could be swayed away from the influence of Iran and Shiia Islam by Gulen’s doctrine of Sufi Ottomanism. - aka Muslim Brotherhood. With CIA aid, Gulen established hundreds of madrassahs and cemaats (Islamic communities) not only in his native Turkey but such places as Uzbekistan and Turkmenistan. Gulen’s triumph over his secularTurkish foes came with the election of November 3, 2002, when the Justice and Development Party (a party which he created from his base in Pennsylvania) gained control of the Turkish government. Turkey’s Prime Minister Recep Tayyip Erdogan is (was now) a Gulen disciple – as is (was now also?) Turkey’s President Abdullah Gul. Gulen presents himself as a humanitarian, a moderate Muslim, and a proponent of interfaith dialogue. But a visit to the compound provides an opposite impression. The property is off-limits to all visitors and intruders; it is guarded by radical Turks who seek to establish a universal caliphate whose jurisdiction will include the USA, and the Golden Generation Worship and Retreat Center, which supports interfaith relations, is a sentry hut. But Gulen is a master of deception. In one of his directives to his followers, Gulen proclaimed that in order to reach the ideal Muslim society “every method and path is acceptable, [including] lying to people.” In the past five years, several attempts have been made by The Department of Homeland Security to deport him. But in 2008 a federal court ruled that Gulen was an individual with “extraordinary ability in the field of education” who merited permanent residence status in the U.S. Strange to say, Gulen lacks any formal education and three of the letters attesting to his “extraordinary ability” came from CIA agents.A little bit more about Mr. Gulen and Ukraine specifically Crimea something I said would happen if they declared independence from Ukraine and went to the Russian sphere of influence.
https://shoebat.com/2014/03/31/muslim-tartars-crimea-demanding-autonomy-...
Turkish-Speaking Muslim Tartars in Crimea Demanding Autonomy from RussiaOne of the little talked about consequences of Russia’s annexation of Crimea is the fate of the Turkish-speaking Muslim Tartars. This bunch is demanding that they not be a part of any Russian annexation of Crimea. It should be interesting to see how this unfolds.
...
now tell me, how is it possible that a chart can be identical in movement days at a time even settling at various market closes at the same phony paper prices????
http://www.kitco.com/charts/livesilver.html
It figures that when a banker needs to park his cash somewhere safe, he turns to the old reliable shoebox.
"It figures that when a banker needs to park his cash somewhere safe, he turns to the old reliable shoebox."
full of fiat....
It seems that that there is no religion or nationality that is against cash.
Banksters are giving Gold a bad name....
a bankster is a bankster regardless of ethnicity, color and/or greed
What people won't do for some paper. Way past time to grow up.
It must be so cool for Germany at the moments surrounded by basket cases on every side, whatever happened to the so called Turkish miracle!!1
Execute him, if any society will insure real consequences for bad behavior, turkey is one of them.
Bullish!!
When asked why the funds weren't deposited in a bank, he replied, "What are you fucking crazy? Only sheeple put their money in a bank. The US Fed has been at war with savers for 5 years and counting."
5 years? Dude.. it's been WAAAYYY Longer than that!
Shoe boxes of paper will be good fire starter.
Mr. Jim Rogers says he is not buying gold.
http://www.youtube.com/watch?v=WAXRC40iiE4
He probably wasn't buying gold in November 2013 when this interview took place. I'll guess that he has bought gold since then and probably only physical. When he's talking about not having bought gold I'm assuming he's talking about paper gold. I doubt he plays in that market much if ever anymore.
Lauren Lyster was way better than chick who's on there now too. And by better I mean smarter and waaaaaaay hotter.
This one banker in Turkey may be in trouble, but it sure looks like here in the 'free' world, they are winning the day again.
If only we could see inside Jamie's shoe boxes....
Well atleast he cant say he hasnt got enough money to pay his fine when he goes to court.
One billion USD that was what the Erdogan telephone conversation indicated; its all floating around in other people's shoe boxes.
A banker does what he's told.
ISTANBUL, March 29 (Reuters) - Turkey exported almost $120 million worth of gold to Iran in February, data showed, suggesting the two countries' trade of gold for natural gas has resumed despite tighter U.S. sanctions, though at levels below last year's peaks.
U.S. officials have sought to prevent Turkish gold exports from providing a financial lifeline to Tehran, which has been largely frozen out of the global banking system by Western sanctions over its nuclear programme.
(Reuters).
They would have had a much harder time finding his Bitcoin, which would have worked out well for him unless he used Mt. Gox.
They would have had a much harder time finding his Bitcoin, which would have worked out well for him unless he used Mt. Gox.
1)'......lars to Iran, evading U.S. sanctions'
'evading' implies that the US has some legal right to punish other countries, it does not, you are not the worlds police. The word you are looking for is AVOID.
2)'....supposed to be cleaned up and no longer doing the bidding of politicians'
I nearly fell off my chair, funny lady witch-doctor from terror central, that Alyssa Gzerlak.
Fairly obvious from other things that Erdogan has done recently that his intention is to cut his people off from the truth, so that they can more easily dragged into a conflict in Syria to please those in DC, the capital of Terroristan.