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

‘Islam and I’

The number of books written by Western academics on Islamic scholar Fethullah Gülen’s ideas and Hizmet, the faith-based social movement he has inspired, is growing.

Tunisia was able to make constitution because of concessions of all parties

The Hizmet movement “revives civil society in a modern state,” he says, as he emphasizes that the movement also adheres to the values of the Muslim world. “Having Hizmet is very important for the Turkish state. It will help the state to renew its values,” the Tunisian politician comments.

Istanbul police display hundreds of books among evidence of ‘terror’

Police seized Gülen’s 1,500 books; 24 CDs featuring Gülen’s speeches; TL 435,200 ($148,000) along with $99,200 and 700 euros; several laptops; two guns and some digital data, during operations targeting the alleged terrorist network of the movement.

Biden says US courts to decide on Gülen’s extradition

In a development that surprised many, the US State Department said on Tuesday that Turkey has formally requested the extradition of Gülen but not on issues related to the recent coup attempt, which Turkish leaders have accused him of inspiring.

Turkey’s Ongoing Crackdown: nearly 13,000 police officers suspended for alleged links to the Gulen movement

President Recep Tayyip Erdogan has suspended nearly 13,000 police officers over suspected links to Fethullah Gulen, the U.S.-based cleric Turkey says is responsible for the July 15 coup attempt. Erdogan’s critics believe he has used the coup as an opportunity to crack down on his political opposition. Erdogan was often accused of trying to silence critics.

Humanity prepares its own end, says Assyrian Catholic Church leader Sag

“Dialogue is not an option,” Yesil said, “it is an obligatory way through which we all have to go.” “We both need and have to understand and know each other, love each other and live together.”

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

Turkish entrepreneurs launch ophthalmology clinic in Senegal

Turkish businessmen gift another school to South Africa

The Future of Islamic Civilization in A Globalizing World

13 criteria Erdogan regime uses to determine Gulen supporters are terrorists

Gülen’s lawyer issues written warning to pro-gov’t media outlets

US-Based Muslim Preacher Leverages Influence Back in Turkey

Turkey fails to channel money into industry: TUSKON

Copyright 2026 Hizmet News