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

Gulen Movement, civilian governments and the AK Party

The Gulen movement’s understanding of politics and the political process differentiate it from the military and bureaucratic elite. Its main political objective is to transform society by raising the moral consciousness of individuals. By raising moral consciousness, the movement hopes to cleanse the bureaucracy of widespread corruption, increase the efficiency and transparency of state institutions, reinvigorate public work ethic to serve the people in order to enhance the legitimacy of the state, and create opportunity spaces for marginalized sectors of the Anatolian population.

Erdoğan government opposes democratic values: detained Turkish journalist

The government of Turkish President Recep Tayyip Erdoğan is falsely accusing anybody that opposes it of treason, a prominent Turkish journalist currently detained in an Istanbul prison

Threats and fear used to intimidate business world

In one of the eastern provinces, members of a business association believed to be close to the Hizmet movement, a CSO, were visited by the managers of another association that the government seeks to promote. They were told that a police operation might be launched against their association and that they would face serious tax audits and commercial problems if they continued their membership in their current association.

‘African wave’ makes splash at İstanbul summit

CUMALİ ÖNAL, İSTANBUL The second day of a global trade and investment summit in İstanbul saw increased interest from African companies in Turkish markets, with some major deals in the works. Organized by the Turkish Confederation of Businessmen and Industrialists (TUSKON), the World Trade Summit opened its doors to visitors from around the world on […]

Government cuts off funds for disabled child over father’s Gülen links

The Turkish government has cut off funds granted to Rafia Nur, a 12-year-old child whose father has been arrested over alleged links to the Gülen movement. The lower half of Rafia’s body is paralyzed, impairing her ability to walk or stand.

EU calls on Turkey to Investigate abduction cases targeting Gülen Movement

The European Union (EU) on Thursday said it was closely following developments in Turkey including the abductions of people from the Gülen movement, reminding Ankara of its responsibility to investigate these reported cases.

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

S.A. nun speaks at the U.N. on Gulen

Turkish Education Ministry engaged in profiling of staff, daily claims

Evolution of the Gulen [Hizmet] Movement

Kimse Yok Mu heals the wounds of flood victims in Sudan

Slanders against Hizmet Movement at highest level, which offends Anatolians

Deporting Turkish teachers – Why can’t we separate politics from education?

Foundation stone of Ethio-Turkish Schools’ new dormitory laid

Copyright 2026 Hizmet News