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Last Novem­ber 29, Metin Cihan, an excel­lent inves­ti­ga­tor and whis­tle blow­er start­ed a dis­cus­sion thread begin­ning with “Do you know Erişah Arı­can?”  We would like to share the trans­la­tion of the infor­ma­tion he reveals in this series of tweets.

But first, read what fol­lows for a reminder and a bet­ter understanding:

  • On Sep­tem­ber 27 2018, Erişah Arı­can, an aca­d­e­m­ic, becomes the Pres­i­dent of ‘Bor­sa Istan­bul’, the Turk­ish stock exchange locat­ed in Istan­bul, some 10% of the shares of which were recent­ly sold to Qatar. Erişah Arı­can is also a mem­ber of the TWF board of governors.
  • TWF, the Turkey Wealth Fund, is a joint-stock com­pa­ny found­ed in 2016. Its objec­tive is “sup­port­ing the devel­op­ment of the Turk­ish econ­o­my” and it holds a port­fo­lio of pub­lic shares in 20 com­pa­nies in 8 sec­tors of activ­i­ty, 2 licens­es in bet­ting games and real estate, and admin­is­tered 177 bil­lion Turk­ish lira in 2020. [The com­pa­nies are list­ed here].
  • The TWF is man­aged by Zafer Sön­mez and presided by the Turk­ish Pres­i­dent Recep Tayyip Erdoğan in per­son and, from 2018 to Novem­ber 27 2020, its vice-pres­i­dent was none oth­er than Erdoğan’s son-in-law and for­mer Trea­sury and Finance Min­is­ter, Berat Albayrak who decid­ed to resign from his job by pub­lish­ing a mes­sage on his Insta­gram account.
  • Pri­or to read­ing what fol­lows, we should also bear in mind that on Sep­tem­ber 24 2016, Berat Albayrak, who was already Erdoğan son-in-law and Min­is­ter of Ener­gy, had the entire con­tent of his email stolen by the Red­Hack who demand­ed in exchange “the lib­er­a­tion of all left­ist oppo­nents before 5PM on Sep­tem­ber 27 2016”. After that delay, the group made pub­lic more than 5 000 mes­sages in a mail fil of 20Go, copied by them and now avail­able on Wik­ileaks, in the file labelled “Berat’s Box”.

Do you know Erişah Arıcan?”

The orig­i­nal of the dis­cus­sion thread is avail­able here on Metin Cihan’s Twit­ter account.

The thread begins on Novem­ber 29 2020

■ “Do you know Erişah Arı­can? I did not know her either before read­ing Albayrak’s email box, open to all. This is where I learned that Mis­ter Berat Albayrak owed his “Dr” title to this lady. Then, notic­ing her name in third posi­tion in the lead­er­ship of TWF, right after Erdoğan and Albayrak, I thought, here we go!


■ Then Berat Albayrak resigned. Erişah Arı­can became the sec­ond in line. More­over, since 2018, Erişah Arı­can heads the stock exchange. As you know, last week the YWF sold part of the Istan­bul stock exchange to Qatar. See­ing the entan­gle­ment of per­son­al­i­ties and insti­tu­tions, I decid­ed to dig a bit deeper.


■  I attempt­ed to under­stand how things work at the top. I am here in order to share all of this with you. If you have a bit of time, I would like to back up a bit first.


■ In 2008, the asso­ciate pro­fes­sor des­ig­nat­ed for Berat Albayrak’s the­sis defense was Dr. Hasan Eken. Mr. Berat Albayrak did not appear before the mon­i­tor­ing com­mit­tee. In Jan­u­ary 2009, he received an email from the school. “Your the­sis direc­tor Prof. Dr. Hasan Eken sum­mons you to appear.” Berat Albayrak pre­ferred to ignore the mes­sage. Link to e‑mail


■ A new email arrives in Octo­ber 2009. “Your request con­cern­ing a change in the­sis direc­tor and the assign­ment of Mrs Erişah Arı­can to this posi­tion is accept­ed.” Mr. Berat Albayrak had thus pre­ferred chang­ing inter­locu­tor rather than respond­ing to the sum­mons of his for­mer the­sis direc­tor, and had suc­ceed­ed in doing so.


■ On June 2 2019, the new the­sis direc­tor sent Mr. Albayrak an email. She for­ward­ed the file that she had pre­pared her­self and that would be sub­mit­ted to the the­sis com­mis­sion. Mr. Albayrak is lucky. Not every­one is lucky enough to have a direc­tor who pre­pares the the­sis for you. Link


■ On June 28 2010, Mrs. Erişah Arı­can, while prepar­ing Mr. Berat Albayrak’s the­sis, requests his inter­ven­tion at a meet­ing in Ankara, con­cerninga per­son with whom she is in con­flict. Son-in-law Berat, who had no offi­cial func­tions at the time, responds favor­ably. Link


■ July 2010. Mrs Erişah Arı­can tells Mr. Albayrak “I am send­ing you the the­sis under the file labelled bre­ton­woods”. Which means his pro­fes­sor wrote the the­sis Mr. Albayrak was sup­posed to write, and is sub­mit­ting it to his approval. And she does­n’t omit thank­ing him for the gifts offered to her col­leagues at this time. Link


■ Days go by, Erişah Arı­can goes on send­ing reg­u­lar reports. She informs him on the progress of the the­sis she con­tin­ues writ­ing. Likk 1Link 2Link 3


■ On Novem­ber 22 2019, the pro­fes­sor direct­ing his the­sis writes to her stu­dent: “The the­sis is fin­ished. All that is left are the cor­rec­tions. If you can­not han­dle them, we will take care of them our­selves.” Link


■ And we under­stand, from anoth­er mail on the same day (Novem­ber 22) that Mr. Berat Albayrak does not han­dle the cor­rec­tions on the the­sis writ­ten for him and sent to him by his pro­fes­sor. Some­one by the name of Mehmet Muş takes care of this for him, with his team. Does the name Mehmet Muş strike you as famil­iar? Link


■ Mehmet Muş is a very nasty fel­low because dur­ing this same peri­od, he had addressed him­self to “Mr” Berat Albayrak by call­ing him “big bro”. He is cur­rent­ly a mem­ber of the gov­er­nors of the AKP and vice-pres­i­dent of the AKP’s par­lia­men­tary group. Link

Kedis­tan offers you the con­tent of this mail (from the cor­rec­tor) and attempts to keep some of its orig­i­nal fla­vor: “Big bro, salaam aleikum. When I sent you a mail yes­ter­day, as can be seen below, I invol­un­tar­i­ly only used your first name. Big bro, this was total­ly in error. I just real­ized it and I’m ter­ri­bly embar­rassed. Big bro Berat. Big bro, real­ly, I felt ill when I noticed it. I apol­o­gize. May your Fri­day be blessed.”

■ We are not day­dream­ing. Thanks to the help he received from Mrs Erişah Arı­can and Mr. Batu and Mr. Güçlü (which is clear­ly expressed in the mail), Mr. Berat Albayrak obtained his title of “Dr.” I admit I have not dug any deep­er for Sirs Batu and Güçlü. I don’t know what has become of them now, if you find any­thing, please share. Link


■ Mrs Erişah Arı­can even sends her stu­dent the sum­ma­ry of the the­sis he must sub­mit. Link


■ And sooooo, Mrs Erişah who is so help­ful would also have answered some of the require­ments expressed by Mon­sieur le Min­istre. In her own way, she iden­ti­fies left­ists, Free Masons, Grey Wolves in her uni­ver­si­ty and turns their names over to Mr. Berat. Link


■ When we come to 2015, we see that the exchanges between Erişah Arı­can and Berat Albayrak are about inter-Par­ty activ­i­ties. Mrs Erişah informs Berat Albayrak, whom she now calls “Ven­er­a­ble Mas­ter” on Kur­dish “opin­ion lead­ers. Link


■ Pri­or to writ­ing all this, I want­ed more infor­ma­tion on Erişah Arı­can. But for some rea­son, every­where I looked, her CV begins in 1988 at Mar­mara Uni­ver­si­ty. Where was she born? Where did she obtain her license. Non-exis­tent information.


■ I did­n’t find any­thing for the longest time. I was los­ing my mind over it. The wom­an’s life seemed to begin with her uni­ver­si­ty research mis­sion. I’m not exag­ger­at­ing. Try search­ing, you will see. Any­way, lat­er in an infor­ma­tion arti­cle, I at least found out she was born in Derik, Mardin dis­trict. Giv­en the lack of infor­ma­tion, this was precious.

On Novem­ber 30, Metin continues…

■ Copies of Mrs Erişah’s CV show up in many places, but they all begin with her uni­ver­si­ty research in 1988. No infor­ma­tion on her license. She is hid­ing it. Why? I’ve done a lot of search­ing to no avail. Please help me.


■ We have at least found out she was born in Derik. Let’s take it from there.


■ Hop­ing to find infor­ma­tion on her license, I searched for traces in Derik. Found noth­ing. But I was able to con­firm she is from Derik, And even, on Face­book, the proud com­ment by some­one from her part of the coun­try, “Erişah Arı­can of the Xıdran (Hıdıran) tribe heads the stock mar­ket,” thus also telling me the name of her tribe.


■ I looked up the Xıdran tribe. I found detailed infor­ma­tion on the web­site of peo­ple from Derik. The con­tent did not hold my atten­tion but when I saw the sig­na­ture at the end of the arti­cle, I said to myself, great, here we go! It was writ­ten by Hasan Eken. You remem­ber, Berat Albayrak’s first the­sis direc­tor. He is from Derik also.


■ I searched to see where Prof. Dr. Hasan Eken would find him­self these days. He has become the chief advi­sor to Kılıç­daroğlu [the Gen­er­al sec­re­tary of the Peo­ple’s Repub­li­can Par­ty – CHP]. Which is to say that the pro­fes­sor who was demand­ing a the­sis in con­for­mi­ty with the pro­ce­dure is now Kılıç­daroğlu’s advisor…And the pro­fes­sor who wrote Berat Albayrak’s the­sis for him is now in the lead­er­ship of the TWF and head of the stock market.


■ I also see that Berat and his broth­er Ser­hat Albayrak obtained their “Dr” titles in the same place. Both of the the­sis direc­tors are from Derik. One occu­pies the sec­ond place after Erdoğan at the TWF, the oth­er is advi­sor to Kılıç­daroğlu. Note: Erişah Arı­can is again the one who super­vised from the shad­ows Ser­hat Albayrak’s the­sis. The doc­u­ments appear below.



■ Erhan Eroğlu a teacher at Kadir Has Uni­ver­si­ty, adds the fol­low­ing to Erişah Arı­can’s becom­ing Berat Albayrak’s the­sis direc­tor. “With Erişah you will be a Dr in a year, Dr. Berat Albayrak” and he adds that Ser­hat Albayrak also became a Dr with Erişah’s help. Link


■ Then a teacher at Kadir Has Uni­ver­si­ty, Erhan Eroğlu send his stu­dent Berat Albayrak the ques­tions for the exam. “Inch’Al­lah, you will pass this time” he says and adds a note at the end of his mal “this must remain between us, even your clos­est kin must not know”. Link


■ Then, Erhan Eroğlu who helps Mr. Berat in obtain­ing his Ph.d and even pro­vides him with exam ques­tions when required, also has requests. For exam­ple, he has a dream: becom­ing a pilot. His wish is grant­ed. He is hired, yes, yes. Link

In one of his mails, Erhan Eroğlu tells Berat Albayrak: “I went to the appoint­ment thanks to your inter­ven­tion. But since I had nev­er seen a cock­pit before, I did­n’t get a very good result on the sim­u­la­tion test…”

■ All right, let’s get back to Erişah Arı­can. The one who was the­sis direc­tor to the Min­is­ter of Finance who signed the coun­try’s eco­nom­ic col­lapse, but also of Murat Uysal, the direc­tor of the Cen­tral Bank of the Repub­lic of Turkey (TCMB) who was relieved of his duties on Novem­ber 7 2020. She per­son­al­ly wrote Albayrak’s the­sis, as for Uysal’s, it turned out to have been pla­gia­rized. Yet, Erisah is still an author­i­ty in the economy.


■ The fact may not be ter­ri­bly impor­tant in itself, but since she insists on hid­ing it, it arous­es curios­i­ty. Where did Erişah Arı­can obtain her license? You can­not find it either? In a pri­vate mes­sage, I was informed that her name at birth was Abdur­rahi­moğlu. This was not enough to achieve some progress.

A few days lat­er, we dis­cov­er with Metin that Erişah Arı­can has been hid­ing her uni­ver­si­ty past because she would have obtained her diplo­ma through …a cor­re­spon­dence course…

Metin Cihan picks up the thread on Decem­ber 1st 2020…

■ Three aca­d­e­mics write a stu­den­t’s the­sis and, in exchange, receive gifts. You are now famil­iar with Erişah Arı­can. She heads the stock mar­ket and the TFW. The two oth­ers, Batu Tunay and Güçlü Okay are cur­rent­ly exec­u­tives at the “School of bank­ing and insur­ance” of Mar­mara Uni­ver­si­ty. E‑mail images


■ This may be slight­ly off top­ic but…Every month, mon­ey drawn from our pock­ets enters Erişah Arı­can’s wal­let. They have called this a “Right to Seren­i­ty”. The direc­torate at the Bor­sa Istan­bul set the month­ly amount itself: 24 000 Turk­ish lira (approx­i­mate­ly 2 500€)

bourse turquie

Deci­sion tak­en on 14.04.2020 for the allowance of month­ly “Right to Seren­i­ty” allowance , for the Bor­sa’s direc­tor, 24 000 TL and for mem­bers of the board of gov­er­nors 18 000 TL.

Decem­ber 2, the sto­ry continues

■ The infor­ma­tion has come in. A cross-check with the emails pro­vid­ed a con­fir­ma­tion. Guess what? He taught cours­es at Mar­mara Uni­ver­si­ty on: “How to write a the­sis”. Coor­di­na­tor: Erişah Arı­can. The course was offered by: Berat Albayrak.

Erişah Arı­can, “I’m send­ing you the list of all the iden­ti­ty num­bers of stu­dents that have par­tic­i­pat­ed in the course up until now”. [Kedis­tan: send­ing ID num­bers to a prof!?]

Metin Cihan does­n’t give up, we are now on Decem­ber 3

■ We greet Fahret­tin Altun to the series. The day after request­ing that the cit­i­zens each donate 10 Turk­ish lira for the sol­i­dar­i­ty cam­paign “Biz bize yeter­iz” (We are self-suf­fi­cient) [in order to replen­ish the cof­fers for the fight against the pan­dem­ic] on Erişah Arı­can’s pro­pos­al, they decid­ed to add the “Right to Seren­i­ty” to oth­er salaries, 24 000 TL for the direc­tor and 18 000 TL for mem­bers of the board of gov­er­nors… tax-exempt.

A slight clarification:

Fahret­tin Altun heads the Com­mu­ni­ca­tion Direc­torate of the Pres­i­dent of the Turk­ish Repub­lic, found­ed on July 24 201. With the fol­low­ing mis­sion: “Estab­lish­ing deep and mul­ti­lat­er­al rela­tion­ships with pub­lic opin­ion, deciders and nation­al and inter­na­tion­al media; insur­ing a qual­i­fied rep­re­sen­ta­tion of Turkey in all areas through the use of tools and meth­ods of com­mu­ni­ca­tion, and con­se­quent­ly ‘rein­forc­ing the Turkey label”.

The TRT sta­tions but also Anadolu Agency (AA) “Their Mas­ter’s Voice” that our dear French-lan­guage media relay with­out any qualms in France are all linked to this young “insti­tu­tion”. The very one that deliv­ers Turk­ish press cards.

No surpise if the famous salaried trolls of the regime are under the orders of that same house…

Of course, they don’t leave Metin alone…

… ■ I think they are attempt­ing to hack my account. I’m receiv­ing secu­ri­ty warn­ings. If I lose every­thing in my attempt to pro­tect my account, don’t hold it against me. But they must­n’t over­do it either. I’ll go have a drink of water and come back with a new account. What­ev­er hapens, I will go on writ­ing. Know­ing truths is every­one’s right.

… ■ All is well. Appar­ent­ly there is no prob­lem. I’ve increased the secu­ri­ty on my account, but it might still hap­pen any­way. At the same time, I don’t wor­ry over it too much… In any event, it was some­thing like an ad break, sor­ry about that.

Decem­ber 8

Metin explains how his curios­i­ty was raised and how he start­ed explor­ing the top­ic, how he goes about it, attempts to cross-ref­er­ence the infor­ma­tion he finds in the emails with oth­er sources and tes­ti­mo­ni­als… He adds “in fact, I’m curi­ous, I search, I inves­ti­gate, I find, I share. I think every­one is enti­tled to know every­thing. That is my ‘secret’ 🙂 Besides, I have fun when I see the com­mu­ni­ca­tion con­tor­sions the Com­mu­ni­ca­tion Direc­tor Fahret­tin Altun goes through with attempts at respons­es from the 25-sto­ry build­ing and the house on the shores of the Bospho­rus, and through salaried trolls act­ing as go-betweens.”

Metin then shares Twit­ter sta­tis­tics. Indeed, the dis­cus­sion thread has been viewed close to 6 mil­lion times. Metin empha­sizes that although Prof Hasan Eken, Berat Albayrak’s first the­sis direc­tor, replaced at his request by Erişah Arı­can, has con­firmed that events hap­pened exact­ly in the way we have so clear­ly fol­lowed through the exchange of emails, the media do not dare car­ry the infor­ma­tion and no pros­e­cu­tor has opened an inquest.

Metin CihanIn a tweet, he address­es Fetul­lah Altun directly:

■ Since Erişah Arı­can is not a Twit­ter user, I put the ques­tion direct­ly to Fetul­lah Altun, a mem­ber of the stock exchanges’s board of gov­er­nors. You have thus tak­en the deci­sion of allo­cat­ing your­self a salary + 18 000 TL tax-free as a month­ly “Right to seren­i­ty” + plus an offi­cial car / all expens­es, and all this free of every fis­cal impo­si­tion? …And the direc­tor is Erişah Arı­can in person?


■ I add here the doc­u­ment of this deci­sion @fahrettinaltun, so that you may go deep­er into silence… Look, in April while the peo­ple were con­vuls­ing under the pan­dem­ic, how could you hold a meet­ing to extend such priv­i­leges to your­self. When will you be sati­at­ed? Link to the document


■ Do not think I am receiv­ing files… I was vac­u­um­ing when I sud­den­ly thought about it, I typed “Istan­bul stock exchange min­utes board of gov­er­nors” on google. That’s all. Try it and see… Link + archival link in case the doc­u­ment disappears


■ The media are start­ing to talk about it now. The CHP deputy, Özgür Özel dis­plays the doc­u­ment and explains the details dur­ing a press con­fer­ence. The top­ic is final­ly going beyond social networks.


■ Fahret­tin Altun declares that he has received “Right to Seren­i­ty” pay­ments from the Istan­bul stock exchange for the past two years, but that he uses this mon­ey for char­i­ty and good deeds.

Metin con­tin­ues:

■ Since there was men­tion of rev­enues enter­ing Fahret­tin Altun’s house­hold, inevitably, the ques­tion cropped up of his wife Fat­ma­nur Altun’s rev­enues as she is an inde­pen­dent mem­ber of the THY air­line com­pa­ny’s board of gov­er­nors. Those mem­bers receive month­ly salaries + trimes­tri­al bonus­es, with a total tax exon­er­a­tion. I shared the doc­u­ment of the decision.


■ Fat­ma­nur Altun declares that she is an “inde­pen­dent” mem­ber and receives no pay­ment. But the report on the THY’s activ­i­ties and poli­cies says no such thing. I also find that in 2019, THY paid its gov­er­nors, direc­tor and their assis­tants 25,224.300 TL (equiv­a­lent to 2,656,466€). Source: the THY website

Fur­ther to all this…

THY author­i­ties declare that Fat­ma­nur Altun has renounced receiv­ing these pay­ments. Metin Cihan shares this. But…

■ From pri­vate mes­sages, I learn that Mrs Altun tru­ly did ben­e­fit from these pay­ments up until now. So I ask when she gave them up. No answer.

Metin insists:

■ Since Fat­ma­nur Altun has blocked me on Twit­ter, I can­not ask her myself. Please ask her.

fatmanur altunTweets rain down labelled with her name and repeat­ing the same question…

Today, an “offend­ed” Fat­ma­nur Altun reacts on her Twit­ter account, in a rather unple­sant, polar­iz­ing and pre­sump­tu­ous post:

I see that once again, those who would strut around like Cre­sus if they were in the same posi­tion, con­sid­er those of our envi­ron­ment worth­less. Even my dec­la­ra­tion of renounc­ing to my salary did noth­ing to reduce their hatred. These are peo­ple which, once you give a hand want an arm, blind to their own faults, jeal­ous and indecent.”

One of her fans advis­es her: “If I were you, I would wear a very expen­sive fur and dri­ve them even cra­zier.” And Fat­ma­nur responds with a hap­py emoji.

Let’s stop here!

Since the time has come to pub­lish this arti­cle. While we were writ­ing it, infor­ma­tion from Metin con­tin­ued. In Turkey, every­one belong­ing to the pres­i­den­tial caste is relat­ed to anoth­er, every­thing is tan­gled. As you can see, as soon as you go through one door, rev­e­la­tions reveal anoth­er door to push…

No doubt about it, Berat Albayrak’s emails are a trove in which to dis­cov­er trea­sures of embez­zle­ments, cor­rup­tions, misappropriations…And he was the Min­is­ter of the Economy.

And that is how the econ­o­my pro­ceeds in Turkey under the lead­er­ship of its most serene author­i­ties. All of them with doctorates….From the Pres­i­dent down to the Min­is­ters, choco­late diplo­mas appear on every shelf. True enough, since the Pres­i­dent got angry at his friend Gülen, grey mat­ter, be it of the broth­er­hood kind, has some­what melt­ed in the ranks of the State’s admin­is­tra­tion. What is also remark­able here is how it brings to light the func­tion­ing of the car­tel. And, we have no doubt, pros­e­cu­tions will be launched against…the whistleblowers.

Do you know Erişah Arı­can? Yes, now you know a bit about her.

Final­ly, how many are there like her in the State machin­ery? We can’t know them all.

Translation by Renée Lucie Bourges
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