December 22, 2015

Kaynak Holding shareholders warn trustees against changing content of Sızıntı

Shareholders of Kaynak Holding, a large company seized in a government-orchestrated operation on Nov. 18, have warned trustees appointed to it against changing the content of the magazine Sızıntı.

Sızıntı is a high-circulation monthly magazine put out by Işık Publishing, a subsidiary of Kaynak Holding, and comprehensively covers a wide range of subjects from biology to literature and science. The magazine first came out in 1979 and published its 443rd edition in December 2015.

Kaynak Holding shareholders sent a written warning to the trustees through their lawyers, reminding them that they do not have the right to interfere with Sızıntı's publishing style.

The warning was sent after shareholders heard claims that trustees changed the magazine's content. The written warning, signed by lawyer Enes Güngören, emphasizes that trustees have been acting arbitrarily and causing the company a financial loss ever since their appointment.

An İstanbul court appointed seven trustees on Nov. 18 to take over the management of Kaynak Holding and 21 of its subsidiaries on the suspicion of their affiliation with the so-called “parallel state,” a term invented by President Recep Tayyip Erdoğan to refer to sympathizers of the Hizmet movement, a faith-based community inspired by Turkish Islamic scholar Fethullah Gülen.

Published on Today's Zaman, 22 December 2015, Tuesday