Turkey's most important farmer's organization, agricultural credit cooperatives, found the exit from the debt quagmire by selling ‘what it has’!
While Hüseyin Aydın, 8-month General Manager of Agricultural Credit Cooperatives, puts everything belonging to the farmer up for sale as a ‘remedy’, all the immovables of the regional unions and cooperatives, especially the Central Union, are sold one by one. Aydın's decision on the extraordinary general assembly on September 24, without waiting for the ordinary general assembly in March, raised the question of "Will the companies also be sold?"
12 SALE TENDERS IN 8 MONTHS
While President Erdogan was instructed to open markets all over Turkey in order to ‘lower food prices’, it turned out that the Agricultural Credit Cooperatives, the owners of the markets, were dragged into a debt swamp of 35 billion TL. On the other hand, General Manager Hüseyin Aydın, who was in search of getting out of debt, put everything up for sale, from the farmer's land and building to the lodging and shop. Although since Hüseyin Aydın took office, it has only been 8 months, 12 sales tenders were held for the sale of immovable properties belonging to Agricultural Credit Cooperatives.
“THIS INSTITUTION THAT IS VERY BADLY MANAGED, IS GOING BANKRUPTCY RAPIDLY”
It is recorded that Hüseyin Aydın, General Manager of Agricultural Credit Cooperatives, stated that the institution was very badly managed by the general managers before him and that it was under a huge debt burden, and complained that if the necessary measures were not taken, it was heading towards a rapid bankruptcy.
WILL COMPANIES ALSO BE SOLD?
General Manager Hüseyin Aydın's decision on the extraordinary general assembly on September 24, without waiting for the ordinary general assembly of the Central Union to be held in March 2023, in such a period, raised the question "Will the companies also be sold?".
While President Erdoğan instructed to open markets all over Turkey in order to “reduce food prices”, Agricultural Credit Cooperatives, the owners of the markets, made a huge debt of 35 billion TL. On the other hand, General Manager Hüseyin Aydın, who was in search of getting out of debt, put up for sale the land belonging to the farmer, from the building to the lodging and shop. Although it has only been 8 months since Hüseyin Aydın took office, 12 sales tenders were held for the sale of immovable properties belonging to Agricultural Credit Cooperatives.
While it is noteworthy that all immovables belonging to Agricultural Credit Cooperatives such as land, residence, lodging, masonry building, shop were put up for sale, this situation raised the reaction of “The General Manager has come to sell!”
“THIS INSTITUTION THAT IS VERY BADLY MANAGED, IS GOING BANKRUPTCY RAPIDLY”
It is recorded that Hüseyin Aydın, General Manager of Agricultural Credit Cooperatives, complained in closed meetings that the institution was managed very badly by the general managers before him and that the institution owed 35 billion TL, and that if the necessary measures were not taken, it was rapidly heading towards a bankruptcy. General Manager Hüseyin Aydın, in just such a period, without waiting for Central Union's ordinary general assembly to be held in March 2023, taking the decision of extraordinary general assembly on September 24, raised the question of "Will the companies also be sold?" At the extraordinary general assembly to be held on September 24, the changes to be made in the human resources regulation, the works and transactions related to the real estates owned by the Central Union and the works and transactions related to the companies of which the Central Union is a shareholder will be submitted for the information and approval of the general assembly.
THE SALE OF RAZI IN IRAN IS RETURNED FROM THE FORMER DEPUTY!
On the other hand, according to conversations in Ankara backstage, it is reported that General Manager Hüseyin Aydın wanted to dispose of Razi, which is GÜBRETAŞ's investment in Iran, but people close to the President opposed this sale. It was stated that Hüseyin Aydın wanted this sale with the foresight that the money to be obtained from the sale of Razi would cover all the debts of the Agricultural Credit Cooperatives. It is stated that this sale has been abandoned for the time due to opposition of a former deputy close to President Erdoğan.
CONCERNS RELATED TO THE GOLD MINE FIELD ARE AT THE EXTREME PHASE
While Hüseyin Aydın has not disclosed to the public what kind of projection the Agricultural Credit Cooperatives will put forward regarding the gold mine field belonging to GÜBRETAŞ, there are also concerns regarding the sale of the gold mine field.
HERE ARE THE PROPERTIES THAT HÜSEYİN AYDIN MADE TENDER FOR SALE IN 8 MONTHS
Sale of 6 lodgings belonging to the Izmir Regional Association (Tender will be held on September 20)
Sale of 1,600 square meters of land, lodging, warehouse and service building in Kahramankazan belonging to Kazan Agricultural Credit Cooperatives (Tender will be held on September 15)
The sale of 37,533 square meters of field belonging to Eskil Agricultural Credit Cooperative in Aksaray (Tender made)
Sales of 2 residence and 1 house belonging to the Central Union in the Çankaya district of Ankara (Tender made)
Sale of the 10-floor building belonging to the Central Union in Altındağ district of Ankara (Tender made)
Sale of 21 square meters shop in Hazım Uluşahin Business Center in Konya belonging to Eşmekaya Agricultural Credit Cooperative (Tender made)
Sale of 7-floor apartment in Mersin belonging to Mersin Regional Association (Tender made)
Sale of masonry building and land in Mezitli district belonging to Mersin Regional Union (Tender made)
Sales of 2 (22,000 square meters) fields in Ankara Yenimahalle belonging to the Central Union (Tender made)
Sale of 3,441 square meters of land in Ankara Gölbaşı belonging to the Central Union (Tender made)
Sales of 1 residence and 1 shop of Gerdan Agricultural Credit Cooperative affiliated to Mersin Regional Union (Tender made)
The sale of a land masonry house and 2-storey building in Ceyhan belonging to Kösreli Agricultural Credit Cooperative affiliated to Mersin Regional Union (Tender made)
Sale of 1,967 square meters of land in Adana Kozan and 2 warehouses on it belonging to Kozan Agricultural Credit Cooperatives affiliated to Mersin Regional Union (Tender was made)