Ankara court prosecutor files lawsuit against Turkish central bank’s head 'for high inflation'.(HD).
A prosecutor of a court in Ankara, Serif Aydin, filed a lawsuit against the head of Turkey’s central bank, Erdem Basci.
Turkish news channel Haber7 reported that the prosecutor accuses Basci of serious material damage inflicted to Turkey’s citizens as a result of an erroneous interest rate policy of the central bank.
The prosecutor said that, in case of a trial, the Turkish central bank’s head can be imprisoned for up to two years.
On Feb. 10, Turkey’s President Recep Tayyip Erdogan criticized Basci’s work, saying that if the central bank’s head can’t cope with his duties, he will be held accountable.
However, Turkey’s deputy prime minister for economic affairs, Ali Babacan, said the central bank pursues right monetary policy. Hmmm..........Turkey an investors nightmare..Read the full story here.
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