Turkish Police detained, Yahya Ãœzdiyen, the Chief Legal Advisor and a former Chief Executive of Dogan Holding, one of the country’s biggest conglomerates, on Thursday.
This happened in a probe link into the network of a U.S.-based cleric blamed for a failed coup, sending its shares tumbling.
Dogan, which has interests in media, finance, energy and tourism and owns newspaper Hurriyet and broadcaster CNN Turk, said the raids were only in the personal offices and homes of the two individuals.
He said that its operations were unaffected.
Its shares fell as much as 9.9 percent after the market opened, although they later recovered somewhat to trade down 3.7 percent at 0.78 Turkish lira (0.22 dollars) by 7 a.m. while Hurriyet fell as much as 7.6 percent.
In December, another Dogan’s executive, Barbaros Muratoglu, was remanded in custody on an accusation of “aiding a terror group” as part of an investigation into the exiled Muslim cleric Fethullah Gulen and his followers.
Ankara refers to the group as the “Gulenist Terror Organisation”.
In its statement to the Istanbul stock exchange, Dogan said that the detentions were part of the same investigation.
“The search has been carried out solely in the personal offices of the mentioned executives and there is no situation that has an impact on the operations of our company or its subsidiaries,” the statement said.
Since the failed coup in July, in which more than 240 people were killed, the authorities have detained, dismissed or suspended some 120,000 people.
This includes soldiers, police officers, teachers, judges and journalists, although thousands have since been restored to their posts.
More than 41,000 people have been jailed pending trial out of 100,000 who have faced investigation.
Hundreds of companies, many of them smaller provincial firms, have also been seized.
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