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

Taraf daily to sue PM Erdoğan over treason accusations

Daily Taraf has announced that it will file a criminal complaint against Prime Minister Recep Tayyip Erdoğan on charges of attempting to influence due process after the Turkish leader called on the “judiciary to do its duty” against the newspaper for exposing a plan to eliminate the Gülen movement.

Don’t draw us into your family fight: Washington

The United States has told Ankara it has no any intention of getting involved into what it calls “a family fight,” denying conspiracy theories suggesting Washington’s role in the ongoing struggle between the government and the powerful Gülen community that has exploded with a new corruption probe. “Please don’t draw us into your family fight here. We don’t want one side or the other to feed this conspiracy idea that we are against the prime minister or against Fethullah Gülen Hocaefendi,”

The İmralı peace process and defaming the Hizmet movement

İHSAN YILMAZ After the Kurdistan Workers’ Party (PKK) leader Abdullah Öcalan’s comments to the Peace and Democracy Party (BDP) deputies visiting him on İmralı Island were leaked to the press, almost everybody asked who was behind the leak. The main suspicion was that it was leaked by one who did not want the peace negotiations […]

‘Hizmet conspiracy’ theories rejected at iftar hosted by Alevis

Participants of an iftar held by the Federation of Alevi-Bektaşi Associations under the theme “Solidarity in the light of the Quran” at the Renaissance Polat Hotel in İstanbul on Wednesday evening expressed their disbelief in the existence of any conspiracy prepared by the Hizmet movement.

Turkish official says 252 companies seized over Gülen links

The companies are alleged to be connected to the Gülen movement, a civic initiative based in Turkey, with the government coining the term “FETÖ” to designate the movement a terrorist organization despite the lack of any court verdict to that effect. A court last week in fact ruled out the existence of such an organization named “FETÖ.”

An Indian professor’s reflections on Erdogan’s visit to India, crackdown on Gulen movement

There has been no evidence of any terrorist activity by the followers of Gulen in any part of the world including Turkey. In India, they have been running their institutions: schools, coaching Institutes, and dormitories for more than 15 years, but none has been accused of any kind of terrorism and crime.

Latest News

Sacramento leaders gather for Iftar dinner in celebration of Ramadan

SEO Skill Suite: Tools for Keyword Research, Technical & Backlink Analysis

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

In Case You Missed It

An early prediction about the next elections

Malaysia detains Turkish academic second time at Turkey’s request

TUSKON-led trade volume reaches $30 billion

What should we expect from 2015?

Anatolian Tigers drive Turkey’s silent revolution

What a plot attempts to tell

Turks most honest donors to Somalia, says minister

Copyright 2026 Hizmet News