Turkey’s government yesterday said it was fending off a “mini coup attempt” by elements in the police and judiciary who served the interests of foreign and domestic forces bent on humbling the country.
Deputy Prime Minister Ali Babacan said the ruling AK Party had in the past survived military coup plots and attempts in the courts to outlaw it.
It would not yield to a corruption investigation he said targeted the government but was already damaging the economy.
“These latest formations in the judiciary and the police, we can’t call it a coup, but a mini coup attempt.
“This is what interests foreign investors,” he told broadcaster CNBC-e, echoing suggestions by Prime Minister Tayyip Erdogan of a foreign interest in the crisis.
“Maybe the clearest indicator of this was the fall in share prices,” added Babacan, who is in charge of the economy.
The market value of Turkish-listed companies had fallen $49 billion by Monday’s market close, he said. The main share index was down one per cent yesterday.
Erdogan has, without naming it, accused a movement led by Turkish cleric Fethullah Gulen of creating a “state within a state”, using influence in the police and judiciary in a campaign to discredit the government.
The Hizmet (Service) movement controls a vast global network of schools and businesses. Tensions have grown between the two former allies over elements of foreign and domestic policy and moves to close his private schools in Turkey.
The graft inquiry became public on December 17 with a series of raids and detentions of senior businessmen close to Erdogan and of the sons of three ministers.
Since then, the media hostile to Erdogan has brimmed with tales of police raiding offices or homes and seizing caches of dollar bills. Erdogan’s supporters argue that accusations have so far lacked any substance and were driven by political ambitions.
“We as the government are on the job,” Babacan said. “We created this political and economic stability with our own strength.
“We will not easily allow someone to come and take it away. However many efforts there were until now trying to shake political stability, we overcame them all.”
Erdogan has overseen strong economic growth and a period of political stability unmatched in modern times since his AK Party was first elected in 2002.
The current corruption crisis is not the first critical moment for Erdogan, who created the party with the name AK – a word that in Turkish suggests purity and resistance to the corruption that had tainted older established parties.
Hundreds of senior army officers have been jailed on accusations of plotting to overthrow Erdogan, who has succeeded in banishing from politics a military that had intervened to topple four governments in the second half of the 20th century.
Hardliners in the judiciary tried in 2008 to impose a ban on the AK Party, a coalition of conservative religious elements, centre-right figures and nationalists that was accused of endangering the country’s secular order.
As Babacan was speaking, news emerged of a further resignation from the AK Party.
Seven MPs have resigned since the end of November.