Dinç Bilgin Explained

Dinç Bilgin (born 1940) is a Turkish businessman who founded Medya Holding, a media group that was made up of a number of newspapers including Sabah (1985) and Takvim (1994), and a number of television stations, including ATV (1993). These companies were later sold for $ 1.1 Billion. He also founded Ateş and Yeni Yüzyıl in 1995, selling them to Korkmaz Yiğit in 1998.

Career

Bilgin began his career at Yeni Asır.[1] He founded a number of newspapers including Sabah (1985) and Takvim (1994), and a number of television stations, including ATV (1993). He also founded the now-defunct Ateş and Yeni Yüzyıl in 1995, selling them to Korkmaz Yiğit in 1998.[2]

Etibank was privatised on 2 March 1998 to Medya İpek Holding A.Ş., co-owned by Bilgin and Cavit Çağlar, for $155m.[3] The bank was sold to Bilgin's Medya Sabah Holding A.Ş. in 2000. It was taken over by the government's TMSF in October 2000.[4] In 2011, Bilgin was sentenced to nearly five years in prison for financial irregularities relating to his ownership of Etibank.[5]

References

https://www.hurriyet.com.tr/ekonomi/sabah-atv-ye-1-1-milyar-dolar-verdi-sonuna-kadar-variz-dedi-7818704

Notes and References

  1. Today's Zaman, 24 June 2012, Dinç Bilgin: The military would stage a coup again if they could
  2. [Hurriyet Daily News]
  3. [Turkish Daily News]
  4. TBB, Historical Data about Closed Banks - tbb.org.tr
  5. Haberturk, 17 April 2011, Dinç Bilgin gets 4 years and 10 months behind bars for embezzlement!