Commenting on the February 28th process, Abdurrahman Kaan, President of the Independent Industrialists' and Businessmen's Association (MÜSİAD), stated that the primary goal of all coups, whether military or civilian, is the transfer of resources, wealth, and income.

Kaan said, "The February 28, 1997, coup is directly related to the bank embezzlement and corruption that increased in the years following it, and this process was the primary factor that dragged the Turkish economy into the major economic crisis it experienced in 2001."

Kaan noted that the growth rate in the Turkish economy declined in subsequent years, saying, "While our national income was $201.6 billion in 2000, it fell to $144.6 billion in 2001, resulting in a loss of $57.2 billion in national income."

Kaan noted that the most obvious impact of the February 28th coup on the Turkish economy was on the financial sector. He stated that a total of 25 banks were transferred to the SDIF between 1994 and 2003, 20 of which occurred between 1997 and 2002. He reported that the loss from transferring these seized banks to the fund was $17.3 billion.

Kaan stated that an average annual capital inflow could be 2 percent of national income. He explained, "There could have been approximately $20 billion in net foreign direct capital inflows to Türkiye between 1997 and 2000. However, the capital inflows undermined by the February 28th coup only amounted to $3.5 billion during this period. Thus, the impact of the coup on foreign capital inflows was $17 billion."

"The economic damage exceeded $250 million."

Abdurrahman Kaan stated that the uncertainty created by political instability also exacerbated public instability, stating that rising interest rates destabilized growth on one hand and prevented resources from being channeled into investments, fostering a rent-seeking economy.

Kaan stated that the Turkish people suffered the greatest harm from this rent-seeking economy, emphasizing that per capita income, which stood at $4,000 before the military intervention, only surpassed this level in 2003, putting the country's economy in turbulence for at least six years.

Kaan stated, "Although the results of current studies on the economic impact of the period in question vary, the likely economic impact of February 28th is estimated to exceed $250 billion. In this context, it is clear that all perpetrators of the coup, whether military or civilian, inflicted severe damage on the Turkish economy in terms of resource, wealth, and income transfers."