Turkey’s central bank governor Şahap Kavcıoğlu is under investigation for plagiarism by his former university.
Istanbul’s Marmara University is probing allegations that Kavcıoğlu’s 2003 doctoral thesis on problematic loans at commercial banks borrowed whole sections of a report by the central bank without proper citation, Bloomberg reported on Thursday.
The thesis was overseen by Erisah Arıcan, who is chairman of the Istanbul stock exchange and the deputy chairman of the country’s wealth fund. Arıcan also oversaw the dissertation of Berat Albayrak, President Recep Tayyip Erdoğan’s son-in-law and former finance minister, and that of ex-central bank governor Murat Uysal, who faced similar plagiarism allegations in 2019.
“The issue is being investigated in line with the Marmara University Publication Ethics Board directive,” Ömer Akgiray, the board’s chief, said in an email, according to Bloomberg. The probe began after the left-wing Birgün newspaper filed a request for information to the communications centre of Turkey’s presidency, it said.
Erdoğan appointed Kavcıoğlu in March. Before his appointment, the governor sympathised with Erdoğan’s theory that higher interest rates cause inflation, a view that contradicts with traditional economic thinking. He has kept interest rates unchanged since March as inflationary pressures built.
Opposition media have accused Arıcan of writing Albayrak’s thesis, citing leaked emails obtained by a Turkish hacker group. She was head of Marmara University’s banking and insurance institute between 1998 and 2006 and has served as chief economic adviser to Erdoğan.