company:meksan

  • Erdoğan ally, state bank official colluded to rig tender, says document
    http://todayszaman.com/news-342252-erdogan-ally-state-bank-official-colluded-to-rig-tender-say

    A plot of 5 million square meters, worth around $200 million, located in İstanbul’s Pendik district was first owned by Turkish machinery firm Meksan. This company bought the land with loans it had received from separate creditors, the largest of these being Halkbank. Meksan later failed to repay its debt to Halkbank, and the bank seized the Pendik plot to cover the non-performing loan.

    Meksan’s creditors, including Halkbank, held a number of auctions to sell the land and retrieve their receivables, but to no avail. In a negotiated tender with restricted parameters, the land was finally purchased by Güven Energy, a sister company of Eksim Holding.

    The Twitter account published the transcript on the website hirsizaoyyok.wordpress.com, alleging that Tivnikli and Alkan had arranged the tender for the land in Pendik. In the transcript, Alkan promises Tivnikli that the tender will be won by one of his subsidiaries. Tivnikli, a close friend of Prime Minister Recep Tayyip Erdoğan, is the main shareholder in Turkish company Eksim Holding, which is active in the energy, retail and construction sectors, and also has shares in a Turkish construction firm, Akabe İnşaat.

    #Istanbul
    #Corruption
    #urbanisation