Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > Imamoglu, the detained Istanbul mayor seen as Erdogan’s key rival
    Headlines

    Imamoglu, the detained Istanbul mayor seen as Erdogan’s key rival

    Imamoglu, the detained Istanbul mayor seen as Erdogan’s key rival

    Published by Global Banking and Finance Review

    Posted on March 19, 2025

    Featured image for article about Headlines

    By Ece Toksabay

    ANKARA (Reuters) - Turkey detained Istanbul Mayor Ekrem Imamoglu on Wednesday on charges such as graft and aiding a terrorist group, a step the main opposition party criticised as a "coup attempt against the next president".

    A leading figure in the opposition Republican People's Party (CHP), Imamoglu, has long been seen as President Tayyip Erdogan's most formidable rival.

    His appeal beyond his secular party's traditional base has propelled him onto the national stage, making him a competitive contender, whom the CHP was expected to name as its candidate for president in the next election.

    Wednesday's detention, along with charges of leading a crime organisation, bribery, and tender rigging, escalates a political showdown that could shape Turkey's future.

    Despite his legal troubles, Imamoglu has vowed to keep fighting. "I will not give up," he said in a video message on X.

    Imamoglu's rise in politics has drawn parallels to Erdogan's own trajectory, as both have led Istanbul, hail from Turkey's Black Sea region, and encountered legal barriers that threatened their political futures.

    Born in 1971 in the Black Sea province of Trabzon, Imamoglu studied business administration at Istanbul University before entering his family's construction business.

    He joined the CHP in 2008 and became mayor of Istanbul's Beylikduzu district in 2014.

    In 2019, he delivered Erdogan's ruling AK Party (AKP) its biggest defeat in two decades by winning Istanbul's mayoral race, not once, but twice.

    A court annulled his initial victory, only for him to win the re-run election by an even wider margin. And in 2024, he secured re-election despite a fractured opposition alliance.

    Imamoglu has framed his political battles as a fight for democracy. "This is more than a mayoral election," he said last year.

    "It is consigning a mentality to history. If it is consigned to history, democracy will revive, and law and justice will recover."

    LEGAL SETBACKS

    Imamoglu has faced legal challenges throughout his career, being sentenced in 2022 to 2-1/2 years in prison for insulting public officials, though an appeals court has yet to rule in the case.

    Another case last year accused him of tender-rigging. His supporters view these charges as politically motivated attempts to sideline him, a claim Erdogan and the AKP deny.

    The latest charges are the most serious. The Istanbul prosecutor's office has said 100 people, including journalists and businessmen, are suspected of involvement in corrupt municipal tenders.

    Another investigation accuses Imamoglu and six others of aiding the outlawed Kurdistan Workers' Party (PKK), considered a terrorist organisation by Turkey and its Western allies.

    Adding to the pressure, Istanbul University annulled Imamoglu’s degree this week. If the decision is upheld by a court, it could block him from running in the 2028 presidential elections.

    However, if Erdogan seeks to run again, the vote may be held earlier.

    In response to growing tension, the Istanbul governor’s office imposed a four-day ban on protests and public gatherings.

    Despite what Immoglu calls persistent obstacles from Ankara, he has touted his administration’s achievements in Istanbul, a city of 16 million that drives Turkey’s economy.

    His rivalry with Erdogan dates back decades, to a far humbler setting. In the mid-1990s, after Erdogan became mayor, he visited a meatball restaurant that Imamoglu was running in Istanbul’s district of Gungoren.

    "I hosted him," Imamoglu once recalled. "He ate meatballs in my restaurant. I didn't take his money. He won't pay that bill as long as he lives."

    (Writing by Ece Toksabay; Editing by Clarence Fernandez)

    Related Posts
    Rubio says not concerned about escalation with Russia over Venezuela
    Rubio says not concerned about escalation with Russia over Venezuela
    French government to appeal court ruling on Shein
    French government to appeal court ruling on Shein
    Rome to charge tourists to get close to the famed Trevi Fountain
    Rome to charge tourists to get close to the famed Trevi Fountain
    Court in Brazil's Minas Gerais slaps down Nestle copyright lawsuit
    Court in Brazil's Minas Gerais slaps down Nestle copyright lawsuit
    German court jails man for drugging, raping wife, posting assaults online
    German court jails man for drugging, raping wife, posting assaults online
    Rubio says progress has been made in talks to end war in Ukraine, but still a ways to go
    Rubio says progress has been made in talks to end war in Ukraine, but still a ways to go
    UniCredit issues its first tokenised structured note
    UniCredit issues its first tokenised structured note
    Ukraine starts new round of talks with US,  Kyiv negotiator says
    Ukraine starts new round of talks with US, Kyiv negotiator says
    Turkey finds Russian Orlan-10 drone in northwestern city – interior ministry
    Turkey finds Russian Orlan-10 drone in northwestern city – interior ministry
    Trump said he has no bigger healthcare plans: Obamacare will 'repeal itself'
    Trump said he has no bigger healthcare plans: Obamacare will 'repeal itself'
    NATO sees positive signs Czech ammunition scheme for Kyiv may continue
    NATO sees positive signs Czech ammunition scheme for Kyiv may continue
    Freed Belarus opposition figures Kalesnikava, Babaryka to speak in Berlin on Tuesday
    Freed Belarus opposition figures Kalesnikava, Babaryka to speak in Berlin on Tuesday

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    More from Headlines

    Explore more articles in the Headlines category

    Maersk tests Red Sea route as Gaza ceasefire offers hope

    Maersk tests Red Sea route as Gaza ceasefire offers hope

    Trump envoy Witkoff to meet national security advisers of Ukraine, Germany, France and UK

    Trump envoy Witkoff to meet national security advisers of Ukraine, Germany, France and UK

    Russia's tax proceeds from oil may fall in January to the lowest since 2022, Reuters calculations show

    Russia's tax proceeds from oil may fall in January to the lowest since 2022, Reuters calculations show

    French court orders Shein to verify age for adult products, rejects government suspension request

    French court orders Shein to verify age for adult products, rejects government suspension request

    No drop in military aid to Kyiv since US policy shift, NATO official says

    No drop in military aid to Kyiv since US policy shift, NATO official says

    How is Britain's government doing on its housing targets?

    How is Britain's government doing on its housing targets?

    Cricket-England's Barmy Army earns praise for litter-picking

    Cricket-England's Barmy Army earns praise for litter-picking

    Factbox-What are shipping companies' plans for return to Suez Canal?

    Factbox-What are shipping companies' plans for return to Suez Canal?

    Big central banks signal rate-cut cycle is ending

    Big central banks signal rate-cut cycle is ending

    Embraer's Eve makes maiden flight of 'flying car' prototype

    Embraer's Eve makes maiden flight of 'flying car' prototype

    Markets quietly welcome EU shift to joint borrowing for Ukraine loan

    Markets quietly welcome EU shift to joint borrowing for Ukraine loan

    Putin promises to look into case of jailed Frenchman Laurent Vinatier

    Putin promises to look into case of jailed Frenchman Laurent Vinatier

    View All Headlines Posts
    Previous Headlines PostGerman foreign minister: Resumption of Gaza fighting threatens Arab peace efforts
    Next Headlines PostTurkey detains Istanbul mayor in what opposition calls 'coup'