Now Uzan’s Adabank Seized

BDDK auditors launched an investigation into the bank’s records at Adabank’s headquarters in Mecidiyekoy, Istanbul at midnight last night.

The bank was founded in 1985 by Kemal Uzan, its CEO, and father of Genc Party leader, Cem Uzan. Adabank is the 32nd (biggest bank in Turkey). It is worth about TL 340-trillion, its total account value is TL 206-trillion and it has 513 employees in 82 branches. The bank recorded a TL 11,144-trillion net loss.. The records indicate that Adabank loaned TL 91,108-trillion, equal to one third of its total account value.

Adem Yavuz Arslan, U*censored* Sanli / Istanbul / TURKEY