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

Egypt Today’s interview with Fethullah Gülen, home sickness and fabricated coup

It seems that there is no one left to say “enough” to Erdogan, most of the people who tried to stop him before are now in jail, and if the opposition can’t find a way to defend the civilian and constitutional rights then it’s completely useless. Some of them used to ignore the regime’s injustice just because they weren’t targeted by its actions, but they didn’t know that it will get to them one day as well.

Afghans collect 1 million signatures to prevent seizure of Turkish schools by Erdoğan regime

Afghans have collected 1 million signatures to prevent the transfer of Turkish schools established by businessmen and operated by educators allegedly affiliated with the Gülen movement for decades in Afghanistan to Erdogan’s Maarif Foundation.

Turkey detains Mozambican software developer over links to Gülen movement

Helton Silva Malambane, a software developer from Mozambique who previously worked with the now-shut-down Fatih University, was detained by police at his residence in İstanbul over links to the Gülen movement, whose sympathizers the government accuses of masterminding a failed coup attempt on July 15. Twenty-seven-year-old Malambane was detained after police received anonymous tips about him.

Reflections from the US

In the past three weeks, the AK Party has proposed new laws to increase government controls over judges and prosecutors, and many investigations have slowed down, raising suspicions that the government might be trying to hide something.

US, Gülen to trigger artificial earthquake(!) in İstanbul, Ankara mayor says

Ankara’s mayor Melih Gökçek claimed in series of tweets from his personal account on Saturday that external powers, including the US, is planning to trigger a artificial eartquake in İstanbul along theGülen Movement. “I had said FETO and US expects an earthquake in İstanbul in August 14 similar to the Gölcük eartquake in 1999. I ruined their plan after revealing in TVs. But the propoganda continues. The plan was to trigger an earthquake in İstanbul to destroy Turkey’s economy as US promised to FETO,” Gökçek wrote.

Former director of Turkish schools in Pakistan and his family kidnapped

Former director of Pak-Turk Schools in Pakistan Mesut Kaçmaz and his family were reportedly kidnapped in Lahore on Wednesday, the Daily Pakistan reported. Another person, Fatih Avcı, who was also abducted and later released, said their heads were covered with bags.

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

MGK plan in action

Samanyolu TV, Kimse Yok Mu raise TL 65 million for quake victims

Courts order corrections to gov’t media stories on Hizmet

Gülen’s lawyer: Views other than state ideology considered a crime in Turkey

Loyal depositors shoulder Turkey’s Bank Asya while political war rages

Whisked Away – The Turkish government and its program of kidnappings

Bank Asya fights back against Erdogan attack

Copyright 2026 Hizmet News