Logistics companies seized over Gülen links sold in fast-track auction


Date posted: July 31, 2021

Turkey’s Savings Deposit Insurance Fund (TMSF) announced it has sold Sürat Kargo and Sürat Lojistik, private logistics companies that had been transferred to the TMSF due to their alleged affiliation with the Gülen movement, for TL 335 million ($40 million), the Kronos news website reported on Friday.

Numerous private companies were transferred to TMSF due to their alleged links to the Gülen movement before and after a failed coup in 2016.

The ruling Justice and Development Party (AKP) and its leader President Recep Tayyip Erdoğan accuse the movement of orchestrating the abortive putsch, although it strongly denies any involvement.

Sürat Kargo and Sürat Lojistik were operating under Kaynak Holding, which was seized by the government in 2015.

According to a statement posted on the TMSF website, three bids were submitted for the companies, with the highest TL 327.5 million, and during the auction phase, conducted based on the highest bid offered during the first phase, a bidder agreed to pay TL 355.5 million.

The fast-track sale of the companies only TL 10 million over their estimated value as well as the short period allowed for submitting bids — 10 days including the Eid al-Adha holiday — has led some to question whether the bidding process was arranged.

Journalist İbrahim Kahveci from the Karar daily asked why the TMSF acted so hastily in selling Sürat Kargo while choosing to act slowly in tenders with lower estimated values.

“Was the buyer selected beforehand? Did they think they should sell it immediately after finding a potential buyer? The sale price was just TL 10.5 million over the estimated value of TL 325 million. Who were the bidders and who won the tender? Are all these trade secrets?” Kahveci asked.

Source: Turkish Minute , July 30, 2021

Tags: | |


Related News

Turkey’s extradition adventure undermined Kosovan rule of law – Expert

Turkey’s operation to abduct six Turkish citizens from Kosovo last week reinforced the image of a country “acting outside the bounds of normal behaviour” for an EU candidate and NATO member country, according Freedom House project director Nate Schenkkan.

Perinçek: I have Erdoğan’s support in fighting Gülen movement

Doğu Perinçek, the Workers’ Party (İP) leader who was given a life sentence in 2013 as part of a trial concerning the Ergenekon terrorist organization, has said he has been “fighting a battle” against the faith-based Gülen movement since the 1970s and that now President Recep Tayyip Erdoğan is supporting him and the İP in the fight.

Ex-AK Party deputy Özdalga: Gov’t wants to make judiciary subordinate to executive power

“The issue is not only about corruption, it is also about the independence of the judiciary and the separation of powers, things at the heart of the democratic regime. There is no democracy without these,” says Haluk Özdalga, who was a member of the ruling party since 2007 until his recent resignation.

3 dead, 5 missing in attempt to escape Turkey’s post-coup crackdown

At least three people died and five others were missing after a boat carrying a group of eight capsized on Tuesday in the Maritsa River while seeking to escape a post-coup crackdown in Turkey.

78 detained for raising money for post-coup purge victims

At least 78 people who are accused of raising money for post-coup purge victims were detained in an Antalya-based operation into the Gülen movement on Thursday.

Post-coup Turkey sliding into terror regime: Nobel laureate Orhan Pamuk

Prominent Turkish novelist and recipient of the 2006 Nobel Prize in literature, Orhan Pamuk, has criticized the government’s large-scale crackdown in the aftermath of the failed July 15 coup, warning that Turkey is heading toward “a regime of terror.” “In Turkey, we are dramatically putting behind bars all those who struggle for freedom of expression, and criticize the government even slightly,” Pamuk said on Sunday.

Latest News

Turkish inmate jailed over alleged Gülen links dies of heart attack in prison

Message of Condemnation and Condolences for Mass Shooting at Bondi Beach, Sydney

Media executive Hidayet Karaca marks 11th year in prison over alleged links to Gülen movement

ECtHR faults Turkey for convictions of 2,420 applicants over Gülen links in follow-up to 2023 judgment

New Book Exposes Erdoğan’s “Civil Death Project” Targeting the Hizmet Movement

European Human Rights Treaty Faces Legal And Political Tests

ECtHR rejects Turkey’s appeal, clearing path for retrials in Gülen-linked cases

Erdoğan’s Civil Death Project’ : The ‘politicide’ spanning more than a decade

Fethullah Gülen’s Vision and the Purpose of Hizmet

In Case You Missed It

Ramadan joy in 110 countries on 5 continents

Islamic scholar Gülen criticizes Turkish gov’t response to Gezi protests

Gulen’s books draw large interest at Indonesia’s book fair

Samanyolu TV, Kimse Yok Mu raise TL 65 million for quake victims

AFSV Statement on Orlando Shooting

TUSKON says 2 businessmen threatened members with ‘blacklisting’

Turkish trade’s center of gravity shifting in TUSKON bridges

Copyright 2026 Hizmet News