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

Extradition of Turkish Citizens: Moldova to pay 125,000 euros in damages for rights violations

Almost one year has passed since seven Turkish citizens working at a high school were extradited from the Republic of Moldova. Since then, their case was brought before the European Court of Human Rights (ECtHR) and Moldova was forced to pay 125,000 euros in damages for rights violations.

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

Since the ill-intentioned Maarif Foundation was found by Erdoğan regime in wake of failed coup attempt on July 15, 2016, just for aiming at taking over the successful schools operated by Turkish civic society, Gülen movement, the step has not been welcomed by the affected schools in Afghanistan.

Chorepiscopus Yusuf Sag: Fethullah Gulen’s service is admirable

Chorepiscopus Yusuf Sag, Vicar General and leader of the Syriac Catholic Church in Turkey: “I wish every country had its own Fethullah Gulen. I watched the students performing at the recent Turkish Olympiads in admiration. They all sang in Turkish like angels. I have to ask: Is it better that they sing Turkish songs or hold guns in their hands?”

Erdoğan: Our people will punish Gülenists in the streets if they ever get out of jail

Turkish President Recep Tayyip Erdoğan said in a public speech on Wednesday that if people affiliated with Turkey’s Gülen group are released from prison after completing their prison terms, the Turkish public will “punish them in the streets.”

ICG report praises reformist role Hizmet plays in [Kurdish] settlement process

A recent report released by the International Crisis Group (ICG) on Turkey’s efforts to address the Kurdish issue has praised the positive role the faith-based Hizmet movement plays in the settlement process. The report, titled “Crying Wolf: Why Turkish Fears Need Not Block Kurdish Reform,” released on Monday.

CHP submits parliamentary question on anti-Hizmet plot

The probe in question accuses the movement of working to overthrow the ruling Justice and Development Party (AK Party) government and possessing arms intended to be used to this end, among other fictitious and unsubstantiated claims.

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

Gülen says abusive language to cover up sins is hypocrisy

Foes on the Run as Erdogan Makes Power Personal

Fethullah Gulen: Muslims, we have to critically review our understanding of Islam

Russia selects finalists for 12th Turkish Olympiad

Scholars stress need for dialogue, cooperation to solve global issues

Islamic scholar Fethullah Gülen gives first TV interview in 16 years

Once lauded as model, Turkey’s Africa initiative loses momentum

Copyright 2026 Hizmet News