Turkey tries Bloomberg reporters, accused of economic sabotage

Two Bloomberg reporters went on trial on Friday over claims they tried to sabotage the economy with an article about last year’s currency crisis. (AFP)
Updated 20 September 2019

Turkey tries Bloomberg reporters, accused of economic sabotage

  • They were among dozens of defendants, including some who had simply written jokes about the currency crisis on Twitter
  • Conspiracy theories are widely believed in Turkey

ISTANBUL: Two Bloomberg reporters on Friday appeared in a Turkish court accused of damaging the country’s economy by writing an article about last year’s currency crisis.

Numerous other defendants, including economists and journalists, have also been charged in the case over their critical comments on social media about the financial turmoil in August 2018.

If found guilty they could face up to five years in prison.

Bloomberg’s editor-in-chief, John Micklethwait, said: “We condemn the indictment issued against our reporters, who have reported fairly and accurately on newsworthy events. We fully stand by them and will support them throughout this ordeal.”

The case, which opened in Istanbul on Friday, was brought after a complaint from Turkey’s banking watchdog BDDK and Capital Markets Board. The criminal court will begin hearing the second session of the prosecution on Jan 17.

The Bloomberg reporters’ article angered Turkish decision-makers and financial institutions after it claimed that the country’s Central Bank would be holding an emergency meeting over a plunge in the value of the lira against the dollar — the biggest currency shock to hit Turkey since 2001 — mainly brought on by a diplomatic crisis with the US.

The independence of the Turkish Central Bank has been high on the agenda for some time in the recession-hit economy, especially after the dismissal of its governor by a presidential decree in early July with no official reason given.

Experts said the trial was a continuation of a campaign of intimidation against journalists working in independent local and foreign media in Turkey. One local journalist, Cengiz Erdinc, has been convicted of “ruining the prestige” of the state-run Ziraat bank.

Last year, the Turkish Interior Ministry said it would take legal action against 346 social media accounts it claimed had created negative perceptions about the Turkish economy.

In another attempted press crackdown in Turkey, the pro-government SETA think tank in Istanbul recently published a report profiling Turkish journalists working for foreign media organizations, including Arab News, accusing them of “carrying out a perception work” through their “univocal line of reporting.”

Dr. Sarphan Uzunoglu, assistant professor of multimedia journalism at the Lebanese American University, said Turkey’s existing foreign policy and the government’s discourse over the last two years, totally fitted what was going on in the Bloomberg trial.

“The (Turkish) Justice and Development Party’s paranoid and conspiracy-driven political discourse is directly reflected to accusations against these journalists,” he told Arab News.

“Journalists are accused of attempting an ‘economic coup.’ The tweets and stories they published, like in all trials of journalists in Turkey, are used against them. I think one of the most important factors here is that Bloomberg seems to be a handful of comparatively independent, economy focused newsrooms.”

On the day of the trial, the US dollar/Turkish lira exchange rate rose to 5.7140, from 5.6980 on Thursday. The Turkish economy has contracted for the past three quarters.


Qatar’s BeIN chairman, two others indicted in bribery case

Updated 20 February 2020

Qatar’s BeIN chairman, two others indicted in bribery case

  • Former FIFA general secretary Jerome Valcke charged with accepting bribes, among others
  • Al-Khelaifi charged with inciting Valcke to commit aggravated criminal mismanagement

GENEVA: Paris Saint-Germain president Nasser Al-Khelaifi was charged Thursday by Swiss federal prosecutors in connection with a wider bribery investigation linked to World Cup television rights.

The office of Switzerland’s attorney general filed an indictment charging Al-Khelaifi with inciting former FIFA secretary general Jerome Valcke “to commit aggravated criminal mismanagement.”

The Qatari football and television executive, however, no longer faces an accusation of bribery. Following a three-year investigation, FIFA reached an “amicable agreement” with Al-Khelaifi last month, prosecutors said, to drop its criminal complaint relating to the awarding of 2026 and 2030 World Cup rights to Qatari broadcaster BeIN Sports.

Al-Khelaifi is the head of Doha-based BeIN Sports and also a member of the UEFA executive committee.

Al-Khelaifi was indicted for his alleged part in providing Valcke — who had influence over the awarding of World Cup rights until being removed from office in 2015 — with use of a luxury villa in Sardinia without paying rent valued at up to €1.8 million ($1.94 million).

Valcke was charged with accepting bribes, “several counts of aggravated criminal mismanagement … and falsification of documents.”

For the first time in the five-year investigation of FIFA business, Swiss prosecutors revealed that they believe Valcke received kickbacks totaling €1.25 million to steer World Cup rights toward favored broadcasters in Italy and Greece.

A third person who was not identified was charged with bribery over those payments and also for inciting Valcke to commit aggravated criminal mismanagement.

Al-Khelaifi was appointed to the UEFA executive committee, representing European football clubs, one year ago despite being implicated in the bribery case. He is also an influential board member of the European Club Association, which is seeking to drive reforms in the Champions League to favor elite clubs such as French champion PSG.

He denied wrongdoing after being questioned in 2017 and 2019 in connection with criminal proceedings opened three years ago.

Al-Khelaifi has also been implicated in a separate corruption investigation by French prosecutors that is linked to Qatar seeking hosting rights for the track and field world championships. Doha hosted the 2019 edition.