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

The Turkish invasion of Nigeria

I think Nigerians have to rise to the occasion and ensure that the persecution of Hizmet movement participants is halted without further delay. It is pertinent to state that Hizmet movement affiliated institutions in Nigeria have over 2000 Nigerians in their employ.

Governor’s office leads raid against Gülen inspired school based on annulled law

The Eskişehir Governor’s Office has stated that an annulled law was mistakenly used in the inspection warrants for Samanyolu Primary School and its high school as well as for a FEM prep school in the province, showing how carelessly the government-orchestrated operations are being carried out against the faith-based Gülen movement, also known as the Hizmet movement.

Opposition journalists speak at U.N. panel on Turkey’s human rights record

Two exiled Turkish journalists spoke on a United Nations human rights panel on Turkey’s human rights violations and jailed journalists despite attempts by the Turkish Ministry of Foreign Affairs to cancel the session.

Turkish community leader in Hampshire condemns Russian ambassador’s assassination

“We are shocked and deeply saddened to learn of the tragic assassination of Russia’s Ambassador to Turkey, Andrei Karlov, who was speaking at an art gallery in Ankara,” said Eyup Sener, chairman of the Turkish Cultural Center New Hampshire. “We condemn in the strongest terms this heinous act of terror. No terrorist act can be justified, regardless of its perpetrators and their stated purposes.”

Cleric’s Lawyers Want US Suit Backed by Turkey Tossed

Attorneys for a reclusive Muslim cleric living in exile in Pennsylvania asked a federal judge late Wednesday to dismiss a lawsuit that claims he orchestrated human rights abuses in his native Turkey, denouncing it as “pure political theater” by the Turkish government.

That is Why the Turkish Government could Pay 1 Billion Euros

It seems that the bias of the Supreme Constitutional Court, the highest judicial body in Turkey, may force the Turkish government to pay a large sum of money, according to a prominent computer expert, who monitors erroneous decisions of the Constitutional Court on Internet applications used by Turkish citizens.

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

Local officials, volunteers launch expanded effort to help Syrian refugees

Reuters interview Gulen, he says he would not flee U.S. to avoid extradition to Turkey

Deputy Prime Minister Arınç praises Turkish schools in Nigeria

Real democrats cannot politicize Islam

The İmralı peace process and defaming the Hizmet movement

The Encyclopedia of Islam and hate speech

Suspicious deaths, suicides become common occurrence in post-coup Turkey

Copyright 2026 Hizmet News