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

KYM Calls for Papers-International Conference on “Social Media for Good”

International Conference on Social Media for Good aims at systematizing and improving existing models on social media, suggesting new innovative approaches and practices, using their effectiveness in enhancing goodness and philanthropy, and resolution of social problems.

Amnesty: Civil society under massive crackdown in Turkey, Gülen movement main target

An annual report released by Amnesty International on Wednesday has said a failed coup attempt in July prompted a massive crackdown on civil society in Turkey and that the faith-based Gülen movement has been the main target.

Former Turkish President Gül denies having any relationship with the Gülen movement or Fethullah Gülen but history tells…

In his answers, Gül denied having relations with neither the Gülen movement nor Fethullah Gülen. But, history tells the opposite: Gül attended many activities of the Gülen movement; he even hosted, in his official residence, students of Turkish schools from many countries during a Turkish Language and Culture Olympiad.

Turkish court: There is no Gulen terror organization

The 2nd Criminal Court in the southern province of Hatay rejected an indictment prepared about the Fethullah Gülen Terrorist Organization (FETÖ), a term used by the Turkish government to describe the Gülen movement, saying that there is no such a terrorist organization officially identified.

Enes Kanter: Anyone who speaks out against Erdogan is a target. That includes me.

The situation in Turkey has been very bad since a failed coup attempt in 2016. Erdogan unleashed a massive purge, firing more than 100,000 public-sector workers and imprisoning more than 50,000 people. These people are not criminals. They include judges, academics and journalists. Erdogan thinks free speech is dangerous, and he accuses critics of being terrorists.

Witch hunt continues as police raid Gülen-inspired schools across Turkey

In yet another government-orchestrated operation targeting the faith-based Gülen movement, popularly known as the Hizmet movement, police officers and inspectors from several government bodies carried out raids on private high schools and exam preparation schools across Turkey on Thursday.

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 imam spy affair in Germany extends across Europe

Police wait outside delivery room to detain woman who just gave birth

Students from around the globe spread the idea of ‘Vasudhaiva Kutumbakam’

Hizmet and the interfaith movement

Questions over corruption and paralysis of politics [in Turkey]

Did Erdogan STAGE the coup?

Fethullah Gulen among TIME’s “World’s 100 Most Influential People” for 2013

Copyright 2026 Hizmet News