Two million Euros to see daughter's prom

Savings Deposit Insurance Fund (TMSF) will now be able to collect a further 2 million Euros from the former owner of Ä°ktisat Bankası, Erol Aksoy. The bank was impounded and shut down following a feud and bankruptcy, unprecedented in Turkish banking history. It is understood that Aksoy's wife Ä°nci Aksoy pleaded with the Fund to lift the ban on her foreign visits, so that she could go and see her daughter's prom in Switzerland, where young Aksoy has been studying for years. The authorities of the fund agreed only if the couple lifted a court order on a 2 million Euro bank account in Paris - now frozen as a result of TMSF's efforts.Ä°nci Aksoy said her daughter will be graduating from the American School in Lugano and that this is the first time she will visit her: "I have told the authorities that my daughter has made the list of honours and that she was awarded three awards. We have shown them the invitations for the prom. During the last four years, I haven't been able to visit my daughter even once." "This is a cruel way to punish a child." TMSF had previously found out about Erol Aksoy's bank account in Paris, which equaled to a sum of 2 million Euros. Following TMSF's appeal to French courts to confiscate the money, Aksoy made a counter-attack by applying to another court and filing a notice of rejection. Consequently, the account was frozen by the French authorities until a decision could be taken by the court. Upon Ä°nci Aksoy's plea to the TMSF, the authorities required that the couple to give up on the notice and rejection, thus allowing the Fund to ahead with the procedure. "My husband Erol has signed every document that they wanted us to sign," said Ä°nci Aksoy, "2 million Euros is nothing compared to my daughter's happiness." Having returned from her short and costly trip to Switzerland, Ä°nci Aksoy said her daughter would be pursuing her education in Virgiana University in the US. One time model, Ä°nci Aksoy was the editor-in-chief of the Marie Claire magazine when it was impounded by IMSF as a result of Erol Aksoy's debts: "I was an insignificant share holder in Ä°ktisat Bankası with a 1.3 percent," said an enraged Ms. Aksoy, "I have been unable to leave the country for the last four years. I lost my job and I lost my magazines. This goes against the basic principles of the Constitution. What I have gone through is nothing less than breach of human rights. I will appeal to the European Court of Human Rights" Erol Aksoy's current debt to TMSF equals $1.6 billion.Â