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

All colors of Diyarbakir came together over Iftar

Minister of Food, Agriculture and Livestock Mr. Eker praised that people from all walks life in Diyarbakir are represented at the Iftar. He said Turkey’s regime had problems with his own people. The state had divided its people into races, colors and ethnicities, which created problems. “We have made important progress for the solution in the last seven months, we wish that the settlement process will end with peace,” he added.

Conceptual contradictions when it comes to rhetoric about ‘parallel state’

.In the wake of the Dec. 17 corruption operations that took place in Turkey, the government removed and changed such an extraordinarily high number of people from their positions in the police force, the justice system and the national education structure that these changes certainly would not have been possible in a state of law. An attempt was made to see these changes happen within the framework of heavy propaganda about the concept of the existence of a “parallel state.”

Black Sunday: The day Turkey detained its prominent journalists

The government-orchestrated crackdown on independent critical media outlets in Turkey took a turn for the worse on Sunday with dawn raids on Turkey’s largest newspaper Zaman and popular national TV network Samanyolu TV that led to the detention of top managers at the media outlets.

Governor’s office closes 3 Gülen-inspired prep schools in Çorum

Despite a ruling from the Constitutional Court and the Council of State annulling a Justice and Development Party (AK Party) government-sponsored law that required privately owned exam preparation schools in Turkey to be closed down or converted, the Çorum Governor’s Office has ordered the closure of three prep schools as part of the government-led operation against institutions and businesses owned by the faith-based Gülen movement.

Turkish PM acknowledges phone call to media executive

Turkey’s mainstream media has been under constant fire since last year’s Gezi Park protests and the recent graft probes for yielding to political pressure from the government.

Outgoing chairman proudly admits Istanbul Bar Association refused to serve Gülen followers

The Istanbul Bar Association has turned down sympathizers of the Gülen movement who requested lawyers for their hearings in the post-coup trials, the outgoing president Ümit Kocasakal said on Saturday.

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

What Bishop Welby’s appointment reminds: Are we responding to God’s calling?

Tension at home hits Turkey’s brand overseas

Current defamation campaign against Hizmet was part of Ergenekon scheme

Turkish Schools Struggle to Exist in Afghanistan

Main opposition CHP’s visit to Gülen organization a ‘unifying action’

Hizmet movement applauded at friendship dinner in Italy

Turkish businessmen gift another school to South Africa

Copyright 2026 Hizmet News