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Headline: A helping hand in Romania Source: Euromoney Date: September 2001 Professor Vural Akisik’s job of preparing Turkey’s state banks for privatization will be all the harder because the government seems unwilling to abandon its old habits of meddling in the lending decisions of the state banks. Inspectors appointed by Turkish president Ahmet Necdet Sezer recently discovered that the abuse of state banks continues – and goes unpunished. A senior government source told Euromoney that in June this year the president had sent a file to prime minister Bulent Ecevit concerning an alleged misuse of funds to the tune of $118 million involving Vakifbank. |
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