Turkish President Erdogan Has Put Himself Head Of The $40 Billion State Wealth Fund And His Son-In-Law Deputy As Its Deputy - Hallo friendsTODAY'S NEWS AND ACCREDITED, In the article you read this time with the title Turkish President Erdogan Has Put Himself Head Of The $40 Billion State Wealth Fund And His Son-In-Law Deputy As Its Deputy, We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article BANKING, Article CULTURE, Article ECONOMIC, Article HOTELS, Article POLITICAL, Article SOCIAL, Article SPORTS, Article TOURISTS, Article TRAVELING, We write this you can understand. Alright, good read.

Title : Turkish President Erdogan Has Put Himself Head Of The $40 Billion State Wealth Fund And His Son-In-Law Deputy As Its Deputy
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Turkish President Erdogan Has Put Himself Head Of The $40 Billion State Wealth Fund And His Son-In-Law Deputy As Its Deputy

DW: Turkey's Erdogan names himself head of state wealth fund

Turkish President Recep Tayyip Erdogan has put himself in charge of a $40-billion state wealth fund that he said failed to reach the "desired" goals. His son-in-law, Finance Minister Berat Albayrak, serves as deputy.

Turkey Wealth Fund, the state-backed financial entity which owns nearly half of Turkish Airlines and other stakes in over a dozen large companies, is now headed by President Recep Tayyip Erdogan, according to the country's Official Gazette.

The value of the fund is estimated at $40 billion (€34.4 billion), and can be used to maintain pensions and welfare systems in times of crisis or to finance major projects.

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WNU Editor: Here is an easy prediction. They are going to use it as their slush fund to loot.

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