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

Turkey, The great purge – Four lives upturned by Erdogan’s ‘cleansing.’ Episode 3 – Omer

It was a tweet that set it all off. An innocuous post that plunged Omer Faruk Gergerlioglu into a personal, administrative and political hell — and a private trauma that has publicly exposed a growing rift within Turkey’s Islamists.

Turkey’s president orders closure of 1,000 private schools linked to Gülen

Turkey’s president has signed a decree that allows for the extension of the pre-charge detention period and the closure of institutions linked to Fethullah Gülen, the exiled cleric blamed for masterminding last weekend’s failed military coup.

A Turkish couple spent their wedding day feeding 4,000 Syrian refugees

Hatice Avci, a spokesperson for aid organisation Kimse Yok Mu, told i100.co.uk that last Thursday the newlyweds donated the savings their families had put together for a party to share their wedding celebrations with the refugees living in and around the town of Kilis.

Lawyer Karahan: Hate crimes against Hizmet can be prosecuted at ECtHR, ICC

The Savings Deposit Insurance Fund (TMSF) has taken over management control of some of the privileged shares of Bank Asya as part of a government-operated crackdown on institutions affiliated with the Gülen movement, also known as Hizmet, and shareholders will be filing a lawsuit against the action, but this week’s guest for Monday Talk has said it is likely that the case will end up at the European Court of Human Rights and even at the International Criminal Court.

TUSKON says systematic campaign of defamation under way

The Turkish Confederation of Businessmen and Industrialists (TUSKON) has criticized what it calls a “systematic campaign of defamation against the business conglomerate,” stressing that its business activities, which help contribute to the Turkish economy, should be welcomed.

Stay course in Gulen case

Ever since the failed July 15 coup attempt against Turkish President Recep Tayyip Erdogan, his government has applied all of the pressure it can muster to extradite exiled cleric Fetullah Gulen.

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

Fethullah Gülen and the Hizmet Movement by Ori Soltes, Georgetown University

Champion of YGS university exam from Hizmet-affiliated FEM prep courses

Turkish charity Kimse Yok Mu represents Turkey at UN summit

International Conference on Hizmet Movement in Taiwan

High competition for Fezalar Institution in North Iraq

New developments regarding Gülen movement

Peace Islands Institute Annual Gala 2014

Copyright 2026 Hizmet News