Turkish authorities to sell or liquidate troubled Bank Asya -fund chairman

February 26, 2016 12:42 PM

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ISTANBUL Feb 26 Turkey's authorities plan to sell Islamic lender Bank Asya by May 29 and will liquidate it if they cannot find a buyer, the chairman of the deposit insurance fund said on Friday.

Turkish authorities took over the bank last year, making it a high-profile victim in a feud between President Tayyip Erdogan and U.S.-based cleric Fethullah Gulen, whose followers founded the bank.

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