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Regulation

HSBC Turkish unit CEO acquitted in Erdogan insult case

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The banker said he retweeted the post to his 30 Twitter followers at the time without knowing its content and as a reminder to himself to check it afterward.

Sunday 14, April 2019

(Bloomberg) --HSBC Holdings’ head of Turkey was acquitted over allegations that he insulted President Recep Tayyip Erdogan during anti-government protests nearly six years ago.

Erdogan’s lawyers were absent from the hearing at Istanbul’s Anatolian Justice Palace, the nation’s largest public building, as Selim Kervanci’s lawyer said she was informed the president has no complaints against her client.

The HSBC boss was investigated by prosecutors over a video he retweeted during the so-called Gezi protests in 2013.

Kervanci informed the banking regulator immediately after receiving the complaint against him in 2018 and officials had no objection with him continuing in his job, the court heard.

The complaint that led to the trial was filed by a citizen last year, Kervanci said, speculating that it could’ve been someone who got upset because of the lender’s restructuring. HSBC Bank’s Istanbul-based unit has cut the number of branches to 82 from about 300 in a reorganisation.

The process started in 2016 after the company’s London-based parent scrapped plans to sell the unit.

 

TAGS : HSBC Turkey , President Recep Tayyip Erdogan, Anatolian Justice Palace, Selim Kervanci

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