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Turkey seizes assets of opposition party's Istanbul candidate

Published on Jan 18, 2014 5:23 PM

ISTANBUL (AFP) - Turkish authorities seized the assets of main opposition Republican People's Party's candidate for mayor of Istanbul in the run-up to highly-charged local polls in March, media reports said on Saturday.

Turkey's Savings Deposit Insurance Fund announced the decision on late Friday after Mustafa Sarigul and nine other creditors failed to repay a loan worth US$3.5 million (S$4.46 million) dating back to 1998, the Hurriyet newspaper reported.

In his first remarks after the decision, Mr Sarigul described the move as a provocation.

"This incident is nothing more than the panic-stricken manipulation of state institutions for politics," he was quoted as saying by Hurriyet.

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