Veto To Alpha Bank

Abank's sale to Greek Alpha Bank was not permitted as one of the managers is a retired intelligence agency spy.
Turkish Banking Regulation and Supervision Agency (BRSA) asked for information about the Greek Alpha Bank from MIT (National Intelligence Agency). According to the information obtained, MIT investigated Alpha Bank and communicated to Abank that the bank has a former intelligence spy in its management.
It led to speculations in the markets when BRSA did not permit sale of Abank to the Greek Alpha Bank. It was surprising that BRSA vetoed the transfer of Abank to Greek Alpha Bank after Ziraat Bankasi got the permission from Greek authorities to open a branch at Gumulcine, Greece.
The letter from MIT contained information that the bank has a former intelligence spy in its management. BRSA refuted the claims that one of the reasons for the veto was undercapitalization and did not deem it appropriate to make a statement about the intelligence note.