Dogan Holding
Encyclopedia
Doğan Holding is one of the top industrial conglomerates in Turkey
operating in the energy
, media
, industry
, trade
, insurance
and tourism
industries. See the full list of Dogan Group Companies
-Garanti Bank
USD 1.150 billion, Turkiye Is Bankasi
-Bayindir Holding-Park Holding-PUIS Grubu USD 1.110 billion.
The Privatization Board of Turkey
however preferred Turkiye Is Bankasi
-Bayindir Holding-Park Holding-PUIS consortium. This was later on cancelled by the court and Dogan Holding won the next bidding process. The case involved serious corruption allegations, with then-Vice Prime Minister Mesut Yilmaz
and then-State Minister Isin Celebi accused of abuse of power and Aydin Dogan
of manipulating the public opinion through his media network.
.
Three weeks later, Turkey's largest media group Dogan Yayin said it was officially notified of an increase in a tax fine to 4.8 billion lira ($3.22 billion). The Halkali Tax Office had sent notifications to Dogan Yayin, stating movable and immovable properties provided as a guarantee by the firm could be sold at the end of the legal process.
reclaimed their case file a number of times in order to ensure that it would not be put into the electronic distribution system in order to determine which court the case will be heard in. According to claims, Dogan's financial experts spent eight hours in the Tax Court on October 2, 2009 in order to ensure their case was handed over to a specific preferred court.
SPK, accused Aydin Dogan
, Imre Barmanbek, Hanzade Dogan Boyner and Ali Riza Temuroglu for deliberately causing financial losses to Hurriyet Gazetecilik and Dogan Gazetecilik. It claimed that Dogan Holding purchased paper and publishing supplies at higher producer/seller unit prices from offshore companies
-- Sortal Trading Company Limited and Shawcliff Trading Limited—instead of direct producers. This, the SPK contends, cost Hurriyet Gazetecilik and Dogan Gazetecilik TL 33.12 million (USD 22.19 million), excluding the interest. The SPK reported that it would take the case to court.
market.
Turkey
Turkey , known officially as the Republic of Turkey , is a Eurasian country located in Western Asia and in East Thrace in Southeastern Europe...
operating in the energy
Energy
In physics, energy is an indirectly observed quantity. It is often understood as the ability a physical system has to do work on other physical systems...
, media
Mass media
Mass media refers collectively to all media technologies which are intended to reach a large audience via mass communication. Broadcast media transmit their information electronically and comprise of television, film and radio, movies, CDs, DVDs and some other gadgets like cameras or video consoles...
, industry
Industry
Industry refers to the production of an economic good or service within an economy.-Industrial sectors:There are four key industrial economic sectors: the primary sector, largely raw material extraction industries such as mining and farming; the secondary sector, involving refining, construction,...
, trade
Trade
Trade is the transfer of ownership of goods and services from one person or entity to another. Trade is sometimes loosely called commerce or financial transaction or barter. A network that allows trade is called a market. The original form of trade was barter, the direct exchange of goods and...
, insurance
Insurance
In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer is a company selling the...
and tourism
Tourism
Tourism is travel for recreational, leisure or business purposes. The World Tourism Organization defines tourists as people "traveling to and staying in places outside their usual environment for not more than one consecutive year for leisure, business and other purposes".Tourism has become a...
industries. See the full list of Dogan Group Companies
Dogan Group Companies
Dogan Group Companies are part of Doğan Media Group owned by Aydın Doğan.Aydın Doğan's Doğan Media Group has been compared to Rupert Murdoch's News Corporation because the Doğan Media Group has excessive power over visual and print media in Turkey...
POAS Privatization Controversy
On Sept 3, 1998, POAS privatization tender ended with Akmaya-Orteks Group offering USD 1.160 billion, Dogus HoldingDogus Holding
Doğuş Holding A.Ş. is one of the top three largest private-sector conglomerates in Turkey, with a portfolio of 25 companies that cross industry verticals, including one of Turkey's largest banks, Garanti Bank, as well as high-end Porsche, Audi, and Volkswagen dealerships, retail and food stores,...
-Garanti Bank
Garanti Bank
Garanti Bank is the second largest-private bank in Turkey with US$90 billion in assets as of December 31, 2010. On November 2nd, 2010 BBVA , Spain's second largest bank, acquired 24.9% stake in Garanti Bank for $5.8 billion. Garanti provides retail, commercial, corporate and private banking...
USD 1.150 billion, Turkiye Is Bankasi
Türkiye Is Bankasi
Türkiye İş Bankası is Turkey's first public bank and premiere national financial institution, ranked 102nd in the “Top 1000 World Banks” survey of Financial Times' The Banker and 371st in the Forbes Global 2000 lists as of 2008, with a Gross Profit for the Year 2006 TRY 2,540 million and USD 6.8...
-Bayindir Holding-Park Holding-PUIS Grubu USD 1.110 billion.
The Privatization Board of Turkey
Privatization Board of Turkey
-History and purpose:The Privatization Board of Turkey , founded in 27 November 1994, Law No.4046, is a government structure under Prime Minister of Turkey...
however preferred Turkiye Is Bankasi
Türkiye Is Bankasi
Türkiye İş Bankası is Turkey's first public bank and premiere national financial institution, ranked 102nd in the “Top 1000 World Banks” survey of Financial Times' The Banker and 371st in the Forbes Global 2000 lists as of 2008, with a Gross Profit for the Year 2006 TRY 2,540 million and USD 6.8...
-Bayindir Holding-Park Holding-PUIS consortium. This was later on cancelled by the court and Dogan Holding won the next bidding process. The case involved serious corruption allegations, with then-Vice Prime Minister Mesut Yilmaz
Mesut Yilmaz
Ahmet Mesut Yılmaz is the former leader of the Motherland Party and was the Turkish prime minister in the 1990s.Mesut Yılmaz was a rising star in the Motherland Party of Turgut Özal, representing the Black Sea province of Rize in the parliament and serving as tourism minister in Ozal's cabinet...
and then-State Minister Isin Celebi accused of abuse of power and Aydin Dogan
Aydin Dogan
Aydın Doğan is a Turkish entrepreneur and businessman.-Biography:Born in 1936 as a member of a well-known family in Kelkit, Aydin Dogan got his elementary and secondary school education in Kelkit and finished high-school in Erzincan...
of manipulating the public opinion through his media network.
Tax Fraud Charges
On Sept 8, 2009, Dogan Yayin said tax authorities wanted companies it controls to pay a total of TL3.76bn ($2.5bn) in unpaid taxes and penalties – equivalent to more than four-fifths of the combined market value of Dogan Holding and Dogan Yayin. The fine was issued after an earlier tax penalty of more than $500 million was leveled against the group in February for tax irregularities connected to the sale of a 25 percent stake in its television unit to German publisher Axel Springer AGAxel Springer AG
Axel Springer AG is one of the largest multimedia companies in Europe, with more than 11,500 employees and with annual revenues of about €2.9 billion. The Company is active in a total of 36 countries, including Hungary, Poland, the Czech Republic, Russia and Germany, France, Spain, Switzerland...
.
Three weeks later, Turkey's largest media group Dogan Yayin said it was officially notified of an increase in a tax fine to 4.8 billion lira ($3.22 billion). The Halkali Tax Office had sent notifications to Dogan Yayin, stating movable and immovable properties provided as a guarantee by the firm could be sold at the end of the legal process.
Manipulation of Tax Court Electronic Distribution System
Dogan’s financial specialists and attorneysLawyer
A lawyer, according to Black's Law Dictionary, is "a person learned in the law; as an attorney, counsel or solicitor; a person who is practicing law." Law is the system of rules of conduct established by the sovereign government of a society to correct wrongs, maintain the stability of political...
reclaimed their case file a number of times in order to ensure that it would not be put into the electronic distribution system in order to determine which court the case will be heard in. According to claims, Dogan's financial experts spent eight hours in the Tax Court on October 2, 2009 in order to ensure their case was handed over to a specific preferred court.
SPK Accusations
On September 28, 2009, Turkey's Capital Markets BoardCapital Markets Board of Turkey
The Capital Markets Board of Turkey is the financial regulatory and supervisory agency of Turkey. Its board it appointed by the Turkish finance ministry.-History:...
SPK, accused Aydin Dogan
Aydin Dogan
Aydın Doğan is a Turkish entrepreneur and businessman.-Biography:Born in 1936 as a member of a well-known family in Kelkit, Aydin Dogan got his elementary and secondary school education in Kelkit and finished high-school in Erzincan...
, Imre Barmanbek, Hanzade Dogan Boyner and Ali Riza Temuroglu for deliberately causing financial losses to Hurriyet Gazetecilik and Dogan Gazetecilik. It claimed that Dogan Holding purchased paper and publishing supplies at higher producer/seller unit prices from offshore companies
Offshore company
The term offshore company is ambiguous. It may refer to either:# A company which is incorporated outside the jurisdiction of its primary operations regardless of whether that jurisdiction is an offshore financial centre i.e...
-- Sortal Trading Company Limited and Shawcliff Trading Limited—instead of direct producers. This, the SPK contends, cost Hurriyet Gazetecilik and Dogan Gazetecilik TL 33.12 million (USD 22.19 million), excluding the interest. The SPK reported that it would take the case to court.
Dogan Web 2.0
Early 2010, Dogan Media Group plans to release a number of E-commerce sites to strengthen its position in the Turkish online advertisementOnline advertising
Online advertising is a form of promotion that uses the Internet and World Wide Web to deliver marketing messages to attract customers. Examples of online advertising include contextual ads on search engine results pages, banner ads, blogs, Rich Media Ads, Social network advertising, interstitial...
market.