Koza CEO denounces slanderous reports after seizure

Pro-government media outlets have published defamatory reports accusing Koza ipek Holding of bankrolling its operations with mysterious financial sources, according to Akin ipek, the CEO of Koza, who said on Wednesday that he had expected such remarks amid the uproar over the recent government seizure of his company.
Quoting an expert report which was used as the basis for the decision to seize Koza ipek Holding, several pro-government dailies published reports on Wednesday arguing that inspectors found questionable transactions in Kozaand’s accounting records which were listed as donations and that Koza finances its operations using those mysterious resources.
ipek said the dailies confused the name of one of Kozaand’s gold mines, Himmetdede, with the Turkish noun and”donation,and” which shares a similar spelling.
ipek said he had expected that the pro-government media outlets would immediately launch such a smear campaign.
On Monday, Koza ipek was put under administrative receivership by an Ankara court on the grounds of allegedly financing terrorism. The holding, which includes subsidiaries for the leading anti-government media outlets, has long-been the center of scrutiny by regulators for its alleged support of Turkish Islamic scholar Fethullah Gandulen. President Recep Tayyip Erdogan launched a witch hunt on companies with ties to the Gandulen movement following the eruption of a corruption scandal in December 2013.
The CEO said on Monday night that the government seized the companies after previous failures to find anything illegal while inspecting the companyand’s affairs. Reiterating his earlier comments, ipek further said on Wednesday: and”They argue that we have parallel accounting records [that we had been hiding from inspectors at my holding]. Do you know what it is? We have a back-up system installed on our computers. Company transactions are [regularly] archived.and”
Media reports earlier said the expert report proved that Kozaand’s transactions did not contain any irregularities, even though it is very common to see improprieties in the official transactions of large conglomerates in Turkey. Yet, the expertand’s report portrayed a lack of irregularities as the source of doubt cast upon the corporationand’s activities.