Man Robs Bank But Throws Money Away: Find Out What Happened


Turkey witnessed a unique bank robbery recently where the robber threw away the money into the streets and showed no hurry to run away with the looted cash.

On April 27, Wednesday afternoon, Semih Bulut entered the bank on the Çiftegelinler Street of the Kumkapı neighbourhood with a pump action rifle.

He robbed the bank at gunpoint and managed to take 30,000 liras from the bank vaults. Soon he rushed to the top floor of the bank’s building after seeing police teams entering the bank, reports Hurriet Daily News.

Then he splashed and scattered the money bills worth 30,000 Turkish Liras from the top-floor. After firing a couple of rifle shots he threw the bills onto the street from the balcony.

The police did not shoot him after watching his rare action and body language. Rather, they handled him tactically by sending a “reconciliatory officer” to the scene and offered to negotiate.

After hours of talks, Bulut surrendered to the police. It was later revealed that his ire against the bank had a personal reason. According to locals, the bank building was owned by his father, Cuma Bulut, who sold it to the bank four years ago.

Bulut has been harbouring a sense of injustice and believed that his father did not get a fair price so he decided to rob the bank. He was later taken to a police station for more questioning.  The police were able to pick up the scattered bills from the street.

Meanwhile, Turkey initiated a benign policy to help the hard-hit tourism sector by giving some relief in paying back their loans. The local hotel industry has taken $17 billion of loans, reports Bloomberg.

As a result, banks will restructure the loans to tourism businesses twice before declaring them as unpaid loans until Dec. 2016, according to Turkey’s Official Gazette.

The tourism industry accounts for 5 percent of Turkey’s GDP and is facing a hard time as tourist arrivals are hit after terrorist attacks in major cities.

According to the analyst, Alpay Dinckoc of Oyak Securities, the new banking regulations will stem the rise of non-performing loans and save the hotel industry from plunging into bankruptcy.

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