Toki Case Study

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SOLUTIONS FOR IRRESPONSIBLE AND UNETHICAL BEHAVIOUR OF TOKI

TOKI (State Housing Administration) is the biggest governmental construction company in Turkey. Toki meets 5-10% of housing needs of Turkey, has been built 634,359 houses, 978 schools, 14 universities, 986 sport complexes additionally 2,000 financially significant projects. Toki has been made 5.297 tenders and all these tenders worth 67.2 billion TL. In 2002, Toki’s process has been changed radically; the number of constructed houses was only 43.000 since 1984. In 2002, Recep Tayyip Erdoğan was the prime minister and he made Toki affiliated with the Prime Ministry, also he transferred the Urban Land Office under Toki. Urban Land Office is an institution that manages public lands.
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Toki has the power of controlling all public lands; they are earning money by selling these valuable lands. According to Oda TV a media group, Toki started to sell valuable lands to the government followers with a very less price, by this way Toki and government followers gain 6.5 billion liras. This unethical and irresponsible behaviour caused losing 6.5 billion liras from state’s money. For example, Toki’s Atasehir project is one of the biggest robberies. An expert company appreciated 109.1 million liras for the project land in 2002; 9 months after an other expert company, which is founded by Toki, appreciated only 57.9 million liras. How is it possible depreciation for a land? Essence of the matter is Toki grafted 51 million liras by this project. 51 million liras shared by government followers and shell corporations. Also there are some problems about Toki’s nontransparent behaviour. According to bloomberg.com article written by Steve Bryant and Benjamin Harvey ‘’ Toki had debt of about 5.3 billion liras in 2009, or about 26 percent of assets, according to its website. The authority said more recent information isn’t available to the public. ‘’ After that Mehmet Ali Kahraman, Toki’s head of strategic planning said that ‘’finances are healthy and the tender process is “entirely transparent” That situation causes to unconscious …show more content…
Toki’s unethical and irresponsible behaviour against environment may end up with powerful institutions and informed communities. Now, Toki is more powerful than laws, prohibition and restrictions, however powerful institutions can create awareness about Toki’s behaviour against environment and provisions of law also starts to work for Toki. Toki’s unethical behaviour against communities may end up with more systematic public relations office by this way Toki may get to the root of the problems and start to try these problems solve. Toki’s the most unethical and irresponsible behaviour is being a governmental instruction and providing money for the government followers. This situation may end up with dismissing of Toki under the Prime Ministry and bringing under control of parliament. This solution stops the unethical and irresponsible behaviour of Toki because other parliament parties can start to check Toki’s activities and prevents these kinds of

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