No limits on capital movement abroad, Erdogan says

ANKARA (AA) - President Recep Tayyip Erdogan on Monday said that he did not give any orders to put restrictions on capital movement.

"We have nothing to say against anyone who transfers resources abroad for investment purposes, or who is seeking export opportunities, or engaged in trade activities," Erdogan told a conference in the capital.

"What I am talking about is that our businessmen should show a patriotic stance at a time when there are attempts to put our country under economic pressure in addition to other attacks," he said.

The president said those, who had links to the PKK and Fetullah Terrorist Organization and moved their money and national resources abroad were "traitors".

Erdogan's comments come following his remarks on Sunday when he warned businessmen against moving their assets abroad, calling it a "treacherous" attempt.

"I am getting some news that some businessmen are trying to move their assets abroad. I am calling on the Cabinet to never allow such a move. Because this is treason," Erdogan said without giving any names or other details.

He added that Turkey was a strong country that could take the necessary stand to protect its independence and national interests, no matter the circumstances.