Turkish Firm Celebis Stock Tanks 10% After India Revokes Security Clearance

New Delhi: The inventory of Turkish ground-handling company Celebi Airport Services tanked 10 according to cent on Friday after India revoked the safety clearance of the corporate amid calls to prohibit Turkish companies, within the wake in their nation supporting Pakistan which harbours terrorism. 

The inventory fell 222 issues, or 10 according to cent, to industry at 2,002 in Istanbul on Friday, extending its losses to just about 30 according to cent in 4 periods. The inventory used to be below force prior to now few days amid clamour for motion towards the Turkish company.

In a notification, the Ministry of Civil Aviation stated on Thursday that “in the exercise of power conferred upon DG, BCAS, the security clearance in Celebi Airport Services India Pvt Ltd is hereby revoked with immediate effect in the interest of National Security.”

“Recognising the seriousness of the issue and the call to protect national interests, we have taken cognizance of these requests and Ministry of Civil Aviation has revoked security clearance of the said company. Ensuring the safety and interests of the nation remains our top priority,” stated Minister of State for Civil Aviation and Cooperation, Murlidhar Mohol.

In compliance with the Bureau of Civil Aviation Security (BCAS) directive, Delhi International Airport Limited (DIAL) has officially ended its affiliation with Celebi entities answerable for floor dealing with and load operations on the Indira Gandhi International Airport (IGIA).

Adani Airport Holdings has terminated the bottom dealing with concession settlement with Turkish company Celebi at Mumbai and Ahmedabad airports with instant impact.

The floor dealing with operations of Celebi Aviation were suspended at Kempegowda International Airport in Bengaluru, as according to the directive of the central govt.

Since its access in 2008, Celebi has expanded its presence in India’s aviation sector. As according to experiences, the company is partially owned by means of Sumeyye Erdogan, daughter of Tayyip Erdogan. Sumeyye Erdogan is married to Selcuk Bayraktar, the person who produces Bayraktar army drones which Pakistan used towards India.