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

Opposition deputy: Police detain one more woman shortly after delivery

B.Ö., a Turkish woman who gave birth on Thursday in the Turkish province of Adana, was detained ealy later the same day over alleged links to Turkey’s Gülen group. Sezgin Tanrıkulu, a Turkish deputy from the main opposition Republican People’s Party (CHP) has called on Turkish authorities to stop the practice of detaining women hours after giving birth.

The Gülen Movement and Turkish Soft Power*

The Gülen approach to education aptly demonstrates the group’s global strategy—Gülen movement schools are open to both Turkish migrants and citizens of host countries, and they avoid advancing a religious agenda. These schools aim to help Turkish migrants succeed in their host societies without losing sight of their Turkish roots, and at the same time they promote social unity by serving the needs of migrants and local students alike. The success of Gülen movement schools stems both from the success of the students (and the satisfaction of the parents) and from the prestige and goodwill they enjoy among local and political authorities for promoting integration and acting as a social mediator.

Principal of Gülen-linked school, businessman abducted in Malaysia

Turgay Karaman, the principal of Time International School in Ipoh, Malaysia, and Turkish businessman İhsan Aslan, were abducted by unidentified persons in Kuala Lumpur on Tuesday.

Students from 70 countries celebrate graduation in Turkey

Turkish Confederation of Businessmen and Industrialists (TUSKON) Chairman Rızanur Meral, Journalists and Writers Foundation (GYV) Chairman Mustafa Yeşil and writers Reşit Haylamaz and Mehmet Akar attended the graduation ceremony of international students who had come to Turkey from nearly 70 countries.

Erdoğan’s dream: Seizing Gülen’s network

Once Erdogan declares the Gülen movement as national security threat, he will try to confiscate all schools, dormitories, foundations, institutions and universities associated with the Gülen movement and hand them over to his supporters to run a giant institution of networks to create “religious generations.”

Pro-gov’t circles intensify hypocritical propaganda targeting Gülen movement

The pro-government media and Justice and Development Party (AK Party) circles continue to use hypocritical language against the faith-based Gülen movement — popularly known as the Hizmet movement — inspired by the views of Turkish Islamic scholar Fethullah Gülen, in propaganda both abroad and at home.

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

Pak-Turk International Schools Foundation-Stone Laying Ceremony

Washington Post: Biden needs to give Turkey’s Erdogan some tough advice

14th Int’l Festival of Language and Culture kicks off in Philippines

Fethullah Gulen is hopeful about future

Watkins’ Mind Body Spirit Magazine included Fethullah Gulen among its 100 Most Spiritually Influential Living People

Is Turkey Supporting ISIS?

Students from 70 countries share joy of graduating in İstanbul ceremony

Copyright 2026 Hizmet News