Erdogan threatens Turkish businessmen whose capital moves out of Turkey

“I have no guidelines for limiting capital flows”, Erdogan said at a meeting in Ankara on December 4th.

“Turkey is linked to a free market economy. Each one in Turkey has the right to transfer money abroad since 1989, and that right is in force even today,” he said, the “Hurriyet Daily News” broadcasts Periscopi.

At a rally in the southeastern town of Musi, the Turkish president had said he possessed information that some business people had made efforts to move their assets abroad and urged cabinet members to address the issue.

Erdogan later said his words were “misinterpreted”, underlining that he had referred to a small group of businessmen aiming to move their assets because they had no faith in the state of the Turkish economy.

We are proud of investments made by our business people when we see them in the places where we visit. All local and foreign companies continue their integrity operations with the world financial system”, Erdogan stressed.

“We cannot say a word against those who move resources abroad for investment, seeking export or trade,” he added.

Erdogan reiterated his calls to Turkish businessmen to adopt a <x0 national standing” at a time when Turkey is going through difficult “and economic pressures”.

Erdogan also stated that people associated with Fetullah Gylen, who have shifted their resources from Turkey abroad “are traitors”. /Periscopi/