Turkish Prime Minister Ahmet Davutoğlu speaks to the media during a joint news conference with German Chancellor Angela Merkel in Ankara, Turkey, Monday, Feb. 8, 2016. (AP Photo)
CAIRO – 9 November 2019: Former Turkish Prime Minister Ahmet Davutoğlu has vowed to hold the Justice and Development Party, headed by President Recep Tayyip Erdoğan's, accountable for imposing financial sanctions over a university in Istanbul.
Reports said Turkey’s state-owned Halkbank has frozen all assets of the Istanbul Şehir University.
Davutoğlu is one of the university’s founders.
In a press conference, Davutoğlu said these sanctions hide political motives, which will be exposed by time.
According to a statement by the university, the bank aims at halting the functioning of an institute of higher education.
He further affirmed that he will announce the founding committee of his new party by the end of 2019.
Davutoğlu had resigned from the ruling Justice and Development Party (AKP) in September and formally announced that he is establishing a new party.
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