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

Government files complaint against daily for exposing plot against Gülen

The Prime Ministry, the National Security Council (MGK) and the National Intelligence Organization (MİT) have filed a criminal complaint against the Turkish daily which has revealed that Turkey’s ruling Justice and Development Party (AK Party) government signed on to a planned crackdown on the Hizmet (Gülen) movement. The Prime Ministry, the National Security Council (MGK) […]

Another Police Chief Jailed Over Alleged Gülen Links Dies In Turkish Prison

Fifty-two-year-old Ahmet Tatar, a police chief who was arrested as part of an investigation into the Gülen movement in Osmaniye province, has died in prison, the TR724 website has reported.

American pastor jailed over Gülen links asks Trump to fight for his release

An American pastor who has been jailed on bogus terrorism charges in Turkey for more than five months has asked US President Donald Trump to help secure his release. Pastor Brunson has no known ties to terrorist groups, and the Turkish government has not produced any evidence to show that he does.

Ergenekon’s coup-lovers owe an apology to the Hizmet movement

Since the start of the Ergenekon trials, some of the suspects and their supporters constantly, steadfastly and fiercely argued that the Ergenekon cases were based on fabricated evidence prepared by the Hizmet movement, claiming that the defendants were actually innocent. They now owe an apology to the Hizmet movement.

Turkey Bars Entry Of Critics By Adding Their Names Next To ISIL Suspects

Turkey has been arbitrarily refusing the entry for foreign nationals of Turkish origin who are deemed critical of the country’s autocratic President Recep Tayyip Erdoğan and his government, citing the national security risks.

Erdogan’s Faux Coup may have been Turkey’s Reichstag Fire

Michael Rubin of the American Enterprise Institute just gave us a pat on the back confirming our original assessment of July 2016 that Erdogan had staged the July 2016 coup. Several career Turkish military officers make a persuasive case that Erdogan’s narrative is false and that the coup was essentially Turkey’s equivalent of the Reichstag fire.

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

Prominent businessman Akın İpek pledges huge support to Kimse Yok Mu

I Weep For Turkey

US says it does not consider Gülen movement a terror organization

Once Shut Down By Taleban, Now Afghan-Turk Schools to be handed over to Erdoğan Regime

I am afraid 2012 will not be easy

Turkish gov’t pays cash rewards for arrest or death of Gülen supporters

Lawyers, academics say ‘parallel state’ was invented to block graft probe

Copyright 2026 Hizmet News