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

Turkish gov’t planning slaughter of jailed Gülen followers in staged riot, lawyer claims

The Turkish government is headed for mass killings of people jailed over alleged or real links to the Gülen movement, in a staged riot in Silivri prison, a lawyer representing a former police chief imprisoned as part of a crackdown against the movement claimed, underlining that he is worried about the lives of his clients.

Fethullah Gülen on Islam, democracy and freedom of speech

Publishing a book in 2009 about Francis of Assisi’s peaceful encounter with Egypt’s Sultan Malik al-Kamil during the Fifth Crusade led me to meet a lot of people with an interest in improving interreligious relations. Among them were a number of Turkish immigrants who are followers of the Islamic scholar Fethullah Gülen. I observed that through a network of private schools, foundations and media organizations, they have worked very hard to improve Muslim-Christian relations.

Neither Erdoğan nor EU the same after five years

Erdoğan is going to Brussels as the prime minister of Turkey who doesn’t even have ambassadors in three of its region’s important capital; Cairo, Tel Aviv and Damascus. A negotiation chapter was opened in November 2013 after a three-year freeze. Erdoğan had to sack the former EU minister from the cabinet because of the allegations in relation with a major graft probe in December 2013 and appointed Mevlüt Çavuşoğlu to that post.

Rethinking the state-people relationship [in Turkey]

We all know that Turkey has to solve a number of critical problems to become a democratic, pluralist and transparent state that is ruled by law. It would be a good start to ask who is going to have priority in the country: Is it the people or the state? Once you put the people at the center, rather than the state, then you have to accept that no way of life can be imposed on people.

Damage assessment report for Erdoğan

The wounds Prime Minister Recep Tayyip Erdoğan is suffering as a result of a war waged against the Gülen movement in connection with the corruption and bribery probe are becoming clear. Whether or not Erdoğan has become more authoritarian is now less debatable; it is a concrete fact rather than a perception.

Pak-Turk schools hold graduates moot

The school administration believes that the action is taken to appease Turkish president Recep Tayyip Erdogan, who believes that the school promotes and teaches his arch-rival and cleric Fetullah Gulen’s teachings. “We have gone through the school curriculum during our time and have not found them imparting any extremism ideology or anything that goes against the interests of Pakistan,” said one of the graduates.

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

School Children, Not Tools Of War: A Nigerian’s opinion on Gulen, Hizmet and Erdogan

Deputy slams AK Party with creating crisis as he resigns from party

Professor Wagner: With Gülen, the key is love

Kazakhstan presents medals to Turks for contributing to bilateral relations

Kosovo investigates seizure of Turkish nationals

UN Interfaith Iftar Dinner

Zaman University in Cambodia: a candle in the darkness

Copyright 2026 Hizmet News