Capital Markets Board of Turkey to sue executives of publicly traded company

Turkish media baron Aydin Dogan and three Dogan executives caused losses to Dogan-owned media companies Hurriyet Gazetecilik (HURGZ.IS) and Dogan Gazetecilik are to be sued by the Capital Markets Board said in a bulletin on its website dated September 25th, 2009.

Beyond all ongoing discussions, from good governance point of view this situation seriously damaged and will damage investors who owns stock shares of Dogan Group companies. It is for sure that there are serious lessons to be taken from this unfortunate development.

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