20.02.2025 15:20
The Competition Authority imposed a fine of 1.3 billion lira on BİM after it was discovered that an employee at the managerial level deleted data from a work device during the investigation conducted against the company. Following this development, BİM's shares on Borsa Istanbul experienced a loss of around 7 percent.
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The Competition Authority imposed a fine of 1.3 billion lira on BİM after it was determined that an employee in a managerial position deleted data from a work device during the investigation conducted about the company. Following this high-profile penalty, the company received another bad news from Borsa İstanbul.
The Competition Authority stated in a statement titled "The Consequences of Preventing On-Site Inspection Can Be Severe" that "the act of data deletion was carried out by a BİM manager after the on-site inspection had begun," and it was expressed that the on-site inspection was obstructed and made more difficult by the institution. The Competition Authority imposed an administrative fine of 1,295,902,606.94 TL on BİM in accordance with the (d) clause of the first paragraph of Article 16 of Law No. 4054.
BIMAS SHARE PLUNGED
This decision also had a negative impact on BİM's publicly traded shares. Following the fine imposed on Wednesday, the shares of the company traded under the code BIMAS on Borsa İstanbul began to decline. The decline continued into today. The drop in BIMAS, one of Turkey's most traded stocks, reached 7%. Today alone, BIMAS experienced a decrease of 3.60%, with its latest price being 535.00 lira.
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