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SHARE When Turkey’s main opposition leader pledged to nationalise the assets of the “gang of five” this week, the reference was obvious to TV viewers around the country. Under President Recep Tayyip Erdogan, five conglomerates have benefited from multibillion-dollar contracts for infrastructure mega projects that have characterised the 18-year rule of his Justice and Development Party (AKP). The preferential terms of these contracts and the companies’ close ties to the government have earned them a generic nickname that roughly translates as “supporter companies” due to the backing they provide to the ruling party. In a budget speech in parliament this week, Kemal Kilicdaroglu, head of the Republican People’s Party (CHP), vowed to end the “order of theft”, saying: “We’ll nationalise and seize all the investments of this gang of five that will exploit even our grandchildren.”

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