16.01.2000 - 00:00 | Son Güncellenme:
The Ceylan Family has sued the nephew of President Demirel, who has
been with them on many an occasion from the opening ceremony of the
Intercontinental Hotel in Taksim, Istanbul, to the circumcision ceremony of
their son. Kapital Bank, which is owned by the Ceylans has now sued Egebank
owner Yahya Murat Demirel on the grounds that he has attempted to cash a 4
trillion letter of guarantee he had deceitfully obtained from Bank Kapital.
The incident as stated in the petition filed with the Istanbul 9th Tribunal
of Commerce on Jan 7, 2000 seems to have cooled off the close friendship
between the two families. According to the claim filed by Kapital Bank,
Murat Demirel "deceitfully obtained the 4 trillion letter of guarantee from
Kapital Bank by claiming to have been granted a credit from a fictional
company which he concealed belonged to him."
Egebank, also owned by Murat Demirel, is one of the five banks transferred
to the Savings Deposit Insurence Fund last month.
According to the petition letter of Kapital Bank, which was acquired by
Milliyet, Karteks Ticaret Sanayi Co. and Foy Otomotiv Sanayi ve Ticaret Co.,
had applied to Bank Kapital for two letters of guarantee which would
comprise the guarantee for the credits granted them by Prudential Off Shore
Bank located in Cyprus. In neither of the applications filed by the two
companies was the affiliation between them and Prudential Off Shore
revealed. The petition goes on to state that both letters of guarantee were
drawn up and given to the applicants to be conveyed to Prudential Off Shore.
The partners and the executive board members of Karteks Co. and Foy Co. are
namely, Yahya Murat Demirel, Muharrem Cengiz Suer, Saban Ayhan Tatligil and
Sakir Gurel.
Y. Murat Demirel, the chairman of the executive boards of both companies, is
also the chairman and the major shareholder of Egebank Co.
When Bank Kapital looked into Prudential Off Shore, not only did it prove to
have such figures as Husnu Barbaros Olcay, Egebank deputy executive-general
and Volkan Olcay, Egebank joint venture ERA Leasing Co. general executive in
its executive board, but it also turned out that Prudential had initiated
action with the Besiktas 8th Notery for the liquidification of the letters
of guarantee granted by Bank Kapital.
The Tribunal consequently ordered an injunction on both letters.