Recep Tayyip Erodgan holding cash with supporters in Uskudar, Istanbul. Reuters
Recep Tayyip Erodgan holding cash with supporters in Uskudar, Istanbul. Reuters
Recep Tayyip Erodgan holding cash with supporters in Uskudar, Istanbul. Reuters
Recep Tayyip Erodgan holding cash with supporters in Uskudar, Istanbul. Reuters

Erdogan 'handed cash to voters at polling station'


Soraya Ebrahimi
  • English
  • Arabic

A video has emerged online in which Turkish President Recep Tayyip Erdogan appears to hand out cash to voters at a polling station in Istanbul during Sunday’s run-off election.

As voters surrounded the President some chant “Our president!” and “You’re so handsome!”

In what has caused much online debate, Mr Erdogan is seen taking cash from the pocket of his jacket and handing a 200 lira ($10) banknote to a supporter.

He then appears to take out more notes and hand them to other members of the crowd.

Mr Erdogan has a tradition of handing out gifts on special occasions, such as money or toys, usually during the Muslim holidays of Eid Al Fitr and Eid Al Adha.

The video was widely shared online, with some users saying Mr Erdogan was just following the Middle East tradition of giving gifts to children at a happy time.

"If you check the video it’s absolutely clear that Erdogan is lending pocket money only to kids," one Twitter user said.

"There is nothing to hide there as that is an old tradition in many places.

"Would you prefer that he lends big money to lobbies secretly like happens in most of the EU and US?"

Others were a little more sceptical, with one Twitter user saying: "Erdogan hands out money to supporters outside a polling station.

"Amazing that such a thing can happen just next to where ballots are cast.

"The sign of a desperate man in my opinion."

Mr Erdogan is unlikely to face questions as a recent change in the law has made campaign breaches more difficult to identify.

International observers led by the Organisation for Security and Co-operation in Europe have yet to comment on the video, but said media bias and restrictions to freedom of expression had created “an unlevel playing field” and “an unjustified advantage” for him in the election.

Some opposition supporters faced intimidation and harassment while both sides used “inflammatory and discriminatory language” by accusing each other of collaborating with “terrorist organisations”, exacerbating tensions, they added.

Erdogan claims victory in Turkish presidential election – in pictures

  • Turkish President Recep Tayyip Erdogan acknowledges supporters in Ankara after winning re-election in a run-off vote. EPA
    Turkish President Recep Tayyip Erdogan acknowledges supporters in Ankara after winning re-election in a run-off vote. EPA
  • Mr Erdogan's supporters celebrate in Istanbul. AP
    Mr Erdogan's supporters celebrate in Istanbul. AP
  • Mr Erdogan's supporters wave Turkish flags as they wait for him to make a speech at the Presidential Palace in Ankara. Reuters
    Mr Erdogan's supporters wave Turkish flags as they wait for him to make a speech at the Presidential Palace in Ankara. Reuters
  • The Turkish President won 52.14 per cent of the vote. AP
    The Turkish President won 52.14 per cent of the vote. AP
  • Turkey's lira weakened to 20.05 against the dollar on Sunday after Mr Erdogan claimed victory. Reuters
    Turkey's lira weakened to 20.05 against the dollar on Sunday after Mr Erdogan claimed victory. Reuters
  • Mr Erdogan said the election was Turkey's 'most important' of the modern era. Reuters
    Mr Erdogan said the election was Turkey's 'most important' of the modern era. Reuters
  • The Turkish leader acknowledged that inflation was the most urgent issue for the country, but said it would also fall. Getty
    The Turkish leader acknowledged that inflation was the most urgent issue for the country, but said it would also fall. Getty
  • Mr Erdogan was congratulated by world leaders, including President Sheikh Mohamed, US President Joe Biden, Russian leader Vladimir Putin and Ukrainian President Volodymyr Zelenskyy. Reuters
    Mr Erdogan was congratulated by world leaders, including President Sheikh Mohamed, US President Joe Biden, Russian leader Vladimir Putin and Ukrainian President Volodymyr Zelenskyy. Reuters
  • Mr Erdogan's supporters cheer in Istanbul. EPA
    Mr Erdogan's supporters cheer in Istanbul. EPA
  • Mr Erdogan speaks to Turkish flag-waving supporters. EPA
    Mr Erdogan speaks to Turkish flag-waving supporters. EPA
  • Mr Erdogan's supporters celebrate near Taksim Mosque in Istanbul. AFP
    Mr Erdogan's supporters celebrate near Taksim Mosque in Istanbul. AFP
  • Mr Erdogan's supporters celebrate outside the offices of his Justice and Development Party (AKP) in Istanbul. AP
    Mr Erdogan's supporters celebrate outside the offices of his Justice and Development Party (AKP) in Istanbul. AP
  • A man waves a Turkish flag outside the presidential palace in Ankara. EPA
    A man waves a Turkish flag outside the presidential palace in Ankara. EPA
  • Mr Erdogan's supporters gather outside the AKP's offices in Istanbul. AP
    Mr Erdogan's supporters gather outside the AKP's offices in Istanbul. AP
  • Investors are now looking for any signs that Mr Erdogan will start to relax the state’s tight grip over markets. AP
    Investors are now looking for any signs that Mr Erdogan will start to relax the state’s tight grip over markets. AP
  • Total foreign holdings of Turkish stocks and bonds are down by about 85 per cent, or $130 billion, since 2013. Getty
    Total foreign holdings of Turkish stocks and bonds are down by about 85 per cent, or $130 billion, since 2013. Getty
  • AKP supporters walk to the Presidential Palace in Ankara to attend his victory speech. Reuters
    AKP supporters walk to the Presidential Palace in Ankara to attend his victory speech. Reuters
  • Electoral officials empty a ballot box in Diyarbakir. AFP
    Electoral officials empty a ballot box in Diyarbakir. AFP
  • There was a gap of more than two million votes between Mr Erdogan and his rival Kemal Kilicdaroglu. Reuters
    There was a gap of more than two million votes between Mr Erdogan and his rival Kemal Kilicdaroglu. Reuters
  • AKP supporters after early election results were announced. EPA
    AKP supporters after early election results were announced. EPA
  • AKP supporters wave flags and chant slogans. Getty
    AKP supporters wave flags and chant slogans. Getty
  • People react after the early election result. EPA
    People react after the early election result. EPA

Turkey's long-time leader won the presidency in a run-off election on Sunday, gaining 52.14 per cent of the votes, according the High Election Board.

Mr Erdogan's rival Kemal Kilicdaroglu received 47.86 per cent of the votes.

On Monday, the President confronted the tough task of uniting his divided country after extending his two-decade rule to 2028.

He brushed aside a powerful opposition coalition, an economic crisis and anger after a devastating earthquake in February to beat secular challenger Mr Kilicdaroglu.

But the four-point victory margin was Mr Erdogan's narrowest of any past election, highlighting the sharp polarisation the Islamic-rooted conservative will contend with in his final term.

Turkey votes in run-off election – in pictures

  • Turkey's President Recep Tayyip Erdogan and his wife Emine casts their ballots in Istanbul in the run-off election on Sunday. AFP
    Turkey's President Recep Tayyip Erdogan and his wife Emine casts their ballots in Istanbul in the run-off election on Sunday. AFP
  • Main opposition alliance presidential candidate Kemal Kilicdaroglu and his wife Selvi arrive to vote at a polling station in Ankara. Getty
    Main opposition alliance presidential candidate Kemal Kilicdaroglu and his wife Selvi arrive to vote at a polling station in Ankara. Getty
  • A woman checks a voting list at a polling station as people wait to vote in Istanbul. AP
    A woman checks a voting list at a polling station as people wait to vote in Istanbul. AP
  • Voters in Turkey returned to the polls on Sunday to decide between Mr Erdogan and Mr Kilicdaroglu. AP
    Voters in Turkey returned to the polls on Sunday to decide between Mr Erdogan and Mr Kilicdaroglu. AP
  • A woman casts her ballot at a polling station in Ankara. EPA
    A woman casts her ballot at a polling station in Ankara. EPA
  • A first election was held on May 14, when none of the candidates exceeded the 50 per cent mark. EPA
    A first election was held on May 14, when none of the candidates exceeded the 50 per cent mark. EPA
  • People leave a polling station in Ankara. Reuters
    People leave a polling station in Ankara. Reuters
  • A woman casts her ballot in Adana. AFP
    A woman casts her ballot in Adana. AFP
  • A woman casts her ballot at a polling station in Ankara. Reuters
    A woman casts her ballot at a polling station in Ankara. Reuters
  • An election representative checks a stamp at a polling station in Istanbul. AP
    An election representative checks a stamp at a polling station in Istanbul. AP
  • A woman votes in Istanbul. AFP
    A woman votes in Istanbul. AFP
  • A woman holds a ballot in Istanbul. Reuters
    A woman holds a ballot in Istanbul. Reuters
  • A man arrives to vote in Ankara. Getty
    A man arrives to vote in Ankara. Getty
  • A ballot slip featuring Mr Erdogan and Mr Kilicdaroglu is seen at a polling station in Ankara. Getty Images
    A ballot slip featuring Mr Erdogan and Mr Kilicdaroglu is seen at a polling station in Ankara. Getty Images
  • A voter in Istanbul. Reuters
    A voter in Istanbul. Reuters
  • A voter casts her ballot at a polling station in Ankara. AFP
    A voter casts her ballot at a polling station in Ankara. AFP

Mr Erdogan, 69, called on Turks to “come together in unity and solidarity”, while Mr Kilicdaroglu vowed to “continue the struggle” against the President and his AKP, which has dominated Turkish politics since 2002.

Having harnessed a coalition of nationalist, conservative and religious voters, Mr Erdogan “will double down on his brand of populist policies … political polarisation is here to stay”, said Emre Peker of the Eurasia Group consultancy.

Relieving Turks of the country's worst economic crisis since the 1990s is an urgent priority.

Inflation is running at more than 40 per cent amid criticism of Mr Erdogan's unorthodox policy of cutting interest rates to try to cool rising prices.

Analysts say Mr Erdogan's lavish campaign spending pledges and unwavering attachment to lower interest rates will further strain banks' currency reserves and the lira, which edged down against the dollar on Monday.

Hopes for “an abandonment of the crazy, unconventional economic model and a return to the favour of international investors are finally dashed”, said Bartosz Sawicki, market analyst at fintech Conotoxia.

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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Updated: May 29, 2023, 11:17 PM