Turkey's first private bank, the Türk Ticaret Banksaı, aka Türkbank, went under control of the Treasury in May 1994 following its weakening as a result of the Turkish financial crisis, which blew up in January the same year.
The bank's majority stake were taken over by the Savings Deposit Insurance Fund of Turkey (Turkish: Tasarruf Mevduatı Sigorta Fonu, TMSF) for sale in a public tender.
[7][8] A parliamentary investigative report, which accused Yılmaz and Güneş for conspiring to rig bids on tender, became obsolete due to nearing general election in 1999.
After the general election in 2002, a new parliamentary investigation committee confirmed the accusations against both the politicians, and proposed to send them to the Constitutional Court of Turkey (Turkish: Yüce Divan) for trial.
The supreme court concluded on 23 June 2006 that Yılmaz and Taner are guilty of bid rigging as per Turkish Penal Code's Article 765 Section 205.