Two Cabinet Ministers Resign in Turkey - Wall Street Journal

Dec. 25, 2013 3:24 a.m. ET

ISTANBUL—Turkey's cabinet ministers in charge of the economy and interior resigned Wednesday over a high-profile corruption probe that has ensnared their sons and rattled the country's political landscape in the past week.

Economy Minister Zafer Caglayan and Interior Minister Muammer Guler submitted their resignations to Prime Minister Recep Tayyip Erdogan on Wednesday morning, state-run Anadolu news agency said.

"It is very clear that the operation performed as of Dec. 17 is a dirty setup against our government, our party and our country. I have resigned from my post of economy minister to help bring out the truth and spoil this ugly game, which has included my child and my close colleagues," Mr. Caglayan said in a written statement, according to Anadolu. His spokesman wasn't available for comment.

Mr. Guler resigned minutes after the economy minister. "I had asked the prime minister to dismiss me on Dec. 17 and submitted my written resignation today," the interior minister told Anadolu.

Turkish police unveiled a wide-ranging corruption investigation Dec. 17 that has landed Messrs. Caglayan's and Guler's sons in jail pending trial. The chief executive of state-run lender Turkiye Halk Bankasi AS HALKB.IS +1.17% Turkiye Halk Bankasi A.S. Turkey: Istanbul ^TRY13.00 +0.15 +1.17% Dec. 25, 2013 10:58 am Volume : 6.84M P/E Ratio 5.17 Market Cap TRY16.19 Billion Dividend Yield 2.84% Rev. per Employee TRY779,936 More quote details and news » HALKB.IS in Your Value Your Change Short position and business tycoons close to the prime minister have also been imprisoned as prosecutors have said they plan to charge them with bribery, money laundering and gold smuggling, among other misconducts. Mr. Erdogan has decried the probe as a foreign-orchestrated plot to topple his government, which has been in power since 2002.

Write to Yeliz Candemir at yeliz.candemir@wsj.com and Emre Peker at emre.peker@wsj.com

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