A trustee has been appointed to the Germany operations of Ziraat Bank, Turkey’s largest bank. The appointment to the bank, which has been audited for two years, was made this morning. Germany also explained the reason for the decision to appoint a trustee.
It is among the public banks and has hundreds of branches abroad. Ziraat bank, faced money laundering and banking fraud charges in Germany. Appointing a trustee to Ziraat Bank, which is headquartered in Frankfurt in Germany, within the scope of the allegations, Germany completely destroyed the bank. German Banking Supervision and Regulation Authority‘s (BaFin) took control.
The German government, which appointed a trustee to the German branch of Ziraat International, explained the events and the reasons in the statement on the website of the German Banking Supervision and Regulation Board. According to this, Ziraat International, especially to business people in Turkey,Euro interestHe was giving loans. These loans 30 million eurosIt could go up to .
Trustee to Ziraat International’s Germany leg
German Banking Supervision and Regulation Authority (BaFin), according to the statement made on the website, Germany, which appointed a trustee to the bank due to irregularities in commercial transactions and loans, stated that Ziraat some local laws He said he violated it. According to the statement made, Ziraat Bank Int. AG violated Article 25 a (2) of the German Banking Act and was therefore appointed a trustee under Article 45c (2) of the same act.
While the identity of the appointed trustee has not been shared yet, this decision February 11 received on and today It was also informed that it was finalized. Ziraat International, which has been audited for nearly two years, had changed all its board of directors and general managers in order not to appoint a trustee. In addition, very serious fines have been imposed on the bank and what needs to be done 14 items was specified.
The Turkish side has not yet made a statement on the subject.
Source :
https://www.sozcu.com.tr/2022/dunya/alman-federal-mali-denetleme-kurum-ziraat-bankasini-almanya-birimini-denetleme-aldi-7084650/