Shares in Turkish firms linked with Gulen slide after police raids

Hurriyet Gazetecilik ve Matbaacilik

01/09/2015 07:32

ISTANBUL, Sept 1 (Reuters) - Shares in companies owned by 
Koza Ipek Holding, which is affiliated with U.S.-based Islamic 
preacher Fethullah Gulen, tumbled more than 10 percent on 
Tuesday after media reported police had raided the premises of 
group companies. 
    Ipek Dogal Enerji, an energy company, and mining firm Koza 
Madencilik were among the companies that slid at the open after 
broadcaster NTV and other news channels said police were 
searching the premises of Koza Ipek in the capital Ankara. 
    Shares in other media firms not affiliated with Gulen, a 
former close ally of President Tayyip Erdogan who became a 
fierce critic, also declined amid concerns raids could spread. 
 
 (Reporting by Ayla Jean Yackley; Editing by Nick Tattersall) 
 ((ayla.yackley@thomsonreuters.com; +90 212 350 7000; Reuters 
Messaging: ayla.yackley.thomsonreuters.com@reuters.net)) 
 
Keywords: TURKEY POLITICS/GULEN STOCKS