INVESTED IN INTEREST AND FOREIGN CURRENCY
It was determined that the company increased its profit by 151 % in 2023 due to the devaluation of the Turkish Lira and the increase in interest rates. In 2023, the company made a profit of 71 million 430 thousand TL (~1.9 million USD) and earned 80.5 million TL (2.2 million USD) from foreign exchange and 17.4 million TL (~477.000 USD) from interest.
THEY GENERATE MONEY OFF MONEY
Analysing the report, CHP member Bakırlıoğlu said: ‘Imagine a company that has no operations but makes money out of nowhere. People who have money fold their money with high interest rates due to the conditions our country has been at. This company was also losing money before the interest rates increased. Why is the company, which has no employees except the executive board and a single employee, not terminated? The situation is tragicomic no matter your point of view.
Tens of millions of citizens in Turkey are in desperate need even of a piece of bread as a result of the economy that the government has been playing with like a jigsaw puzzle for years. In fact, our country is a very resource-rich country. The issue is not lack of resources, but the misuse of resources. The transfer of the education budget to associations while students are hungry at school is among the most striking evidence of AKP’s misuse of resources. The report we are working on reveals yet another abuse of resources. The company, which has no operations, incurs millions of liras in expenses and earns exorbitant profits from interest. We need a government that utilises resources for the benefit of the people for our country’s future, that is, a CHP government.’
Note: This article is translated from the original Turkish version titled Yurttaşı ezen kriz onlara yarıyor published in BirGün newspaper on February 25, 2025.
