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

Pregnant behind bars with a two-year-old kid

Elif Aydın, 31, is one of the educators arrested in Turkey over the past three years. She was two-months pregnant when she was sent to prison. The pregnant woman stayed by sharing the same bed with his son in prison for months.

Turkish Charities accelerate Ramadan aid efforts worldwide

Kimse Yok Mu has raised its Turkey target for this Ramadan and will distribute 178,300 food packages and set up iftar tents in 22 provinces in a bid to feed an estimated 636,000 people. Outside of Turkey the foundation intends to distribute 110,000 food packages to families in need in 103 countries and offer iftar meals to 500,000 people around the world.

Why was Mr. Gulen’s name brought up in the coup attempt in Turkey?

Fethullah Gulen: He (Mr. Erdogan) has always had a reaction to those who do not obey him since the beginning. As I previously expressed in other occasions, maybe, he was concealing some of his feelings.

Turkey’s Main Opposition Party Reiterates In Report July 15 Was ‘Controlled’ Coup Attempt

A report drafted by Turkey’s main opposition Republican People’s Party (CHP) on a failed coup attempt in Turkey on July 15, 2016 has repeated an earlier claim made by the party’s leader suggesting that the coup attempt was a “controlled” one and that there were some Turkish authorities who knew about the coup plans but did not take any measures to prevent it.

The cleric, the coup and the conspiracy

In Pennsylvania, Gülen and his aides scrambled to denounce the coup attempt as it unfolded. “As someone who suffered under multiple military coups during the past five decades, it is especially insulting to be accused of having any link to such an attempt,” Gülen said in a statement, referring to Turkey’s spotty democratic history. The U.S. also was quick to condemn the coup attempt, but not quick enough for many in the Turkish government and media.

Private schools leave mark on Science Olympiad

İzmir’s private Yamanlar, Ankara’s private Samanyolu and İstanbul’s Fatih colleges all left their mark on the 20th National Antalya Mathematics Science Olympiad, organized for primary and secondary schools by Akdeniz University and held on May 3 and 4.

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

Turkish FM calls on Gülen Movement for dialogue to find way out political crisis

TUSKON-led trade volume reaches $30 billion

U.S. would look weak, and be weak, if they sent Muslim cleric back to Turkey

‘Removal of Gülen’s books from NT shelves offends the public’

Turkish Schools In Somalia

EU expresses concern over declaration of Gülen movement as terrorist without due process

Turkey: Babies behind bars

Copyright 2026 Hizmet News