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

Erdoğan distorts Gülen’s NYT op-ed, says it is about Bank Asya operation

President Recep Tayyip Erdoğan has presented a distorted interpretation of an op-ed written by Islamic scholar Fethullah Gülen that was published in The New York Times, claiming the op-ed is about the takeover of the board of Islamic lender Bank Asya by Turkey’s banking watchdog.

Turkey’s Intelligentsia Kneels to Erdogan

This selective application of democratic rights by Turkey’s intelligentsia only helps Mr. Erdogan consolidate his power. In their double standards, he finds tacit approval for his purges. Turkey lacks not only sturdy institutions that guarantee a system of checks and balances and the rule of law, but also a critical mass of citizens with the courage and integrity to demand them.

Unexpected consequences [of prep schools in Turkey]

The hottest debate in Turkey today is about the abolishment or, officially, the “transformation” of the private university prep schools. These are private enterprises. They are not schools but provide additional education to high school students to increase their ability to succeed in the nationwide university exams held every year.

Canadian Journal Interviews Erdogan’s Victims in Greece: Fleeing oppression in Turkey

A father runs across the park, his seven-year-old daughter in tow and all his worldly possessions crammed into two overloaded backpacks, one on each shoulder. This scientist and assistant professor is one of many stateless souls making do in Athens, where they landed by inflatable raft after escaping persecution, incarceration and psychological, sometimes also physical, torture in their beloved homeland of Turkey.

Grondahl: Turkish community strong in wake of threats from back home

After a three-year hiatus, forced underground by fear of political retaliation from the repressive autocratic Erdogan regime in Turkey, members of the local Turkish community are re-emerging.

AK Party’s Islamism

Apparently, Erdoğan has sought not only to be unrivaled within Turkey, but also to create a totalitarian country according to his religious mentality using the resources available to him. The corruption investigations remove the veil over the details of this totalitarian project.

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

Suspicious Deaths And Suicides On The Rise In Turkey With 54 People In Last 8 Months

US, Turkish charities hold blanket drive

55 students from 30 countries captivate İzmir residents with poems of praise

“Here today, the Honorable Gulen’s vision is coming true”, says Malian Minister

Deputy says AK Party tainted by corruption as he resigns

Turkey confiscates $billions worth more than 200 companies in operations targeting Gülen

Eid joy of Venezuelan orphans

Copyright 2026 Hizmet News