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

University of Florida and the failed coup in Turkey

On July 15 in Istanbul, Turkey, soldiers closed the two bridges across the Bosphorus, the first indication that elements of the army were planning to remove the government of President Recip Tayyip Erdogan. In Ankara, the national capital, other soldiers took control of television stations and shelled the parliament building. President Erdogan had to use […]

‘When the last gang becomes a thing of the past’

The prime minister has put forward many claims since Dec. 17, but he has not provided any satisfactory evidence to back up these claims.

State Department: US concerned by rhetoric from Turkey on Russian envoy killing

John Kirby, spokesman of the US State Department, said “Secretary [Kerry] has raised concerns about some of the rhetoric coming out of Turkey with respect to American involvement or support, tacit or otherwise, for this unspeakable assassination yesterday because of the presence of Mr. Gülen here in the United States.”

Hate towards Hizmet Movement as a political strategy

The Hizmet movement has broad support from every walk of life in the country. A very popular civic movement, many groups are sympathetic to the cause of the Hizmet. So, the image of the Hizmet had to be turned upside down.

The aftermath of the failed Turkey coup: Torture, beatings and rape

The Turkish government has embarked on a crackdown of exceptional proportions, targeting people it accuses of being linked to Fethullah Gülen – a Turkish cleric in exile in the US, who the government accuse of masterminding the failed coup on 15 July 2016. More than 10,000 people have been detained since the attempted coup and […]

Tables Have Turned for Some Media in Turkish Crackdown

Mr. Kenes says he should have been more outspoken in defense of fellow journalists when the government started targeting its critics more than a decade ago. “Frankly, we did not realize Mr. Erdogan’s real intentions,” said Mr. Kenes, who was convicted last year of insulting the president on Twitter and given a 21-month suspended prison sentence. “When I look at my history, I criticize myself for not showing more sympathy for their cases.”

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

New York Times Editorial Board: Turkey’s Relentless Attack on the Press

Kurdish singer Perwer says freedoms should be gained via peaceful means

Turks most honest donors to Somalia, says minister

Kosovo detains Gülen-linked teacher at Turkey’s request

Preventing Disease: Turkish charity donates 22 wells to Pakistan

Volunteers Back from Medical Service in Somalia

Cambodian education minister: I’m proud of Turkish school students

Copyright 2026 Hizmet News