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

Gülen underlines values, rejects alliance with political party or leader

In response to a question on whether “the alliance” between the Justice and Development Party (AK Party) and the Hizmet movement had ended, Gülen said, “If we can talk about an alliance, it was around [the] shared values of democracy, universal human rights and freedoms — never for political parties or candidates.”

Debate over Turkish government move on prep schools grows

The debate over the Turkish government’s move to shut down private prep schools is growing with a battle of words between the administration and private education representatives. Self-exiled Islamic scholar Gülen, on the other hand, asked his followers “to be resolute and not yield to despair,” in a speech posted on herkul.org, a website that broadcasts his speeches.

Turkey: Alarming Deterioration of Rights – Coup Attempt No Justification for Crackdown on Peaceful Critics

The government misused terrorism laws against followers of the US-based cleric Fethullah Gülen, whom the government accuses of masterminding the July coup attempt, The mass arrests and removal of safeguards against detainee abuse led to rising reports of torture and other ill-treatment in custody.

Virginians Deliver 114,000 Pounds of Winter Warmth to Refugees in Turkey

Local governments working with volunteers from religious groups and private business in Virginia delivered more than 72 tons of coats and blankets this winter to Syrian refugees in Turkey. The Northern Virginia Regional Commission, made up of 14 local governments in the Washington, DC suburbs, has been coordinating the coat and blanket drive for each of the last three winters.

Irregularities mark so-called Cabinet decision on Kimse Yok Mu

After the recent controversial Cabinet decision to rescind the Kimse Yok Mu (Is Anybody There) charity organization’s right to collect charitable donations, some irregularity claims have been raised by observers who say this decision was taken arbitrarily with no basis.

Kimse Yok Mu delivers iftar meals to homes

Turkish charity organization Kimse Yok Mu (KYM) delivers fast-breaking (iftar) meals for the needy families in their homes during the holy month of Ramadan. In the central province of Kayseri, volunteers from the KYM have been distributing iftar meal to the families in five neighborhoods which received great appreciation.

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-American school takes top prizes in Connecticut science fair

History of politically motivated assault on Bank Asya

Turkey Should Protect All Prisoners from Pandemic

Turkish spies working for President Erdogan ‘infiltrate Germany’s migrant community’

Samanyolu TV, Kimse Yok Mu raise TL 65 million for quake victims

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

Q&A: Turkish Imam Fethullah Gulen

Copyright 2026 Hizmet News