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

Turkish refugee in Spain: “If I go back to Turkey, I’ll be arrested and tortured”

Mustafa remembers with infinite gratitude the response of the Spanish officer: “You are welcome,” he said with a smile. Mustafa’s wife felt the knot in her stomach ease. She had been filled with doubts about the journey: “What if they don’t accept us? What if they send us to Turkey? Was it not better to stay in Bogotá?” Mustafa was nervous too, although he tried not to show it.

Nigeria won’t allow mistreatment of her students by Turkey – Presidency

According to Dabiri-Erewa: “The Federal Government is taking the detention of Nigerian students by Turkish authorities seriously. It seems that Turkey is trying to get at Nigeria for our failure to close down the 17 schools they requested. The government did not close down these schools because their owners and managers, who are private people have not breached Nigerian laws.”

Ambassador says US having difficulty in seeing clear criterion in anti-Gülen operations

Speaking to a group of reporters in Istanbul on Friday, Bass said although the Turkish government insists that the anti-coup measures it has taken against followers of the Gülen movement are proportionate, it is difficult see that the Turkish government is taking its actions based on a clear criterion. Bass said the US was having difficulty in assessing whether the measures are proportionate and reasonable.

Turkish family drowned in Aegean Sea while escaping from Erdogan regime

Victims of Erdogan regime are increasing everyday as there has not been an effective mechanism preventing him. A Turkish Family with three children drowned in Aegean Sea while escaping from Erdogan’ autocratic regime as they had last their hope to survive in Turkey.

Turkey’s business world weary of gov’t pressure, says Kalkavan

The businessman Kalkavan said that the government’s way of dealing with the corruption allegations has been “incomprehensible,” and that he had difficulty explaining to his foreign associates about recent purges of hundreds of police officers and dozens of investigators.

Kimse Yok Mu purchases houses for 11 Soma families

MUSTAFA KUŞEN / MANISA The Turkish charity Kimse Yok Mu (Is Anybody There) has financed the purchase of houses for the families of 11 miners who were among 301 killed in a mining disaster in the district of Soma in western Manisa province in May. On May 13 Turkey was shocked by an explosion and […]

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

The Peace Islands Institute’s 5th Annual Law Enforcement Appreciation Award

Hospitality conference draws strong participation in Bangkok

Twitter users protest plan to close prep schools in Turkey

Turkey dismisses another 330 academics, brings total to 7,316

Turkey calls on parents to report Erdogan critics at German schools

Gülen files criminal complaint over illegal wiretapping

Report: White House denies remarks attributed to Obama about Gülen

Copyright 2026 Hizmet News