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

International panel on Virgin Mary held in Istanbul

The international panel entitled “The Virgin Mary in the Holy Bible and the Holy Qur’an” jointly organized by Journalists and Writers Foundation’s Intercultural Dialogue Platform (KADIP), Roma Tevere Instituto and Izmir Intercultural Dialogue Center took place in Istanbul. In the final declaration of the panel, it was noted that the Virgin Mary who broke many discriminative taboos of her time played a significant role throughout history in placing women in the status they deserve.

Parents slam Pak-Turk Schools possible handover to Maarif Foundation

Parents of students of Pak-Turk schools and colleges blasted the Pakistan government for handing over the education system to a Turkish nonprofit organization called Maarif Foundation. They said that the schools and colleges would suffer if handed-over to the “poorly-equipped and infamous” Maarif Foundation.

Latin American firms seek Turkey investments at TUSKON meet

A total of 80 businesspeople from 10 Latin American countries met in Turkey’s Kayseri province on Tuesday to discuss investment and trade opportunities with local counterparts in a new “trade bridge” event held by the Turkish Confederation of Businessmen and Industrialists (TUSKON).

Turkish cleric demands fatwa to amputate hands, feet of Gülen followers

Turkish cleric Nurettin Yıldız demanded a fatwa from Turkey’s Religious Affairs Directorate suggesting that supporters of Turkish Islamic scholar Fethullah Gülen, who is accused by the Turkish government and Erdoğan of masterminding a failed coup in July, be executed, their opposing hands and feet be amputated or be exiled instead of keeping them in prisons.

Renewed attempt to target firm close to Hizmet exposed

A prosecutor’s office in İstanbul is preparing to launch a new investigation into Kaynak Holding, a Turkish company close to the Hizmet movement, in an alleged attempt to reignite earlier claims of irregularities in the company.

Gov’t profiling of individuals found unacceptable, unlawful

FATMA DİŞLİ ZIBAK, İSTANBUL Human rights advocates and legal experts have voiced their uneasiness about claims suggesting that the ruling Justice and Development Party’s (AK Party) has profiled individuals whom it believes to be followers of certain religious and faith-based groups, describing the practice as being illegitimate and a violation of human rights. According to […]

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

13 criteria Erdogan regime uses to determine Gulen supporters are terrorists

Gülen calls for respect for the sacred, denounces terrorism

Fenerbahçe’s Yıldırım calls on fans to attend protest

AK Party Deputy Hakan Şükür resigns due to hostile moves against Hizmet movement

Logistics companies seized over Gülen links sold in fast-track auction

Russian scholar: Gülen promotes peaceful education for a world mired in conflict

Bosnians Protest at Student’s Arrest in Turkish Crackdown

Copyright 2026 Hizmet News