Type to search

Turkish ex-wrestler’s appointment to state bank angers opposition


Turkish ex-wrestler’s appointment to state bank angers opposition


Turkey’s opposition parties are criticising the appointment of a former wrestling champion to a state bank’s board, calling on him to reject the position for lack of banking competence.

Hamza Yerlikaya, who won several Olympic medals and world titles in the 1990s for Turkey, has been appointed as a management board member at the country’s fourth-largest lender Vakifbank, according to a stock exchange filing.

The filing gave no explanation for the appointment of the former Greco-Roman wrestler, who now serves as a deputy sports minister and senior adviser to President Recep Tayyip Erdogan.

Turkish ex-wrestler's appointment to state bank angers opposition 21Turkish state owned Vakifbank obtains banking licence from Qatar

Read More »

Turkey’s main opposition Republican People’s Party (CHP) and others also objected to the separate appointment of Ebubekir Sahin, head of the RTUK broadcasting authority, to the executive board of another state lender, Halkbank.

CHP spokesman Faik Oztrak asked the appointees to reject the positions on the grounds that their experience would not benefit the banks’ boardroom decisions, Reuters reported.

The Future Party, recently founded by former Turkish prime minister Ahmet Davutoglu, who was once a close ally of Erdogan, added its disapproval.

“Being the best in one area does not mean one would be the best in another,” Davutoglu said at a news conference on Monday.

“State banks’ deposits would be in the hands of people who know nothing about the banking system.”

‘Against the principles of justice’

As criticism has grown in recent days, neither Yerlikaya, a two-time Olympic champion and three-time world champion, nor Sahin have spoken out.

The two state banks did not immediately comment, nor did Turkey’s Treasury, which oversees them.

The sports ministry declined to comment, said Reuters. RTUK did not immediately comment.

Another new party, the Deva (Remedy) Party, also asked Yerlikaya and Sahin to resign from the positions.

“The appointment of people to the state bank boards on top of their current positions is against the principles of justice, competence and being fit for needs of the duty,” it said in a statement on Tuesday.

Leave a Comment

Your email address will not be published. Required fields are marked *