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

How hateful discourse manipulates our perception

Claims have been made that these multi-billion-dollar deals have generated a huge hoard of funds for Erdoğan to buy off some media outlets through proxies, hire new sets of journalists to defend his government line and even convert critical analysts with fat checks to prod them to the other side of the aisle. And these claims also explain why some media groups are conducting black propaganda against the Hizmet movement.

AFSV Statement on Media and Business Crackdown

The Alliance for Shared Values denounces the politically-motivated raids on Koza Ipek holding group, publisher of opposition Bugun daily, as well as the arrest of two British journalists and their translator. These disgraceful actions by President Erdogan and his oligarchy are aimed at silencing independent media in preparation for upcoming November elections, and at deflecting criticism resulting from massive government corruption, nepotism and failure to accept election defeat.

Arbitrary rule in Turkey

ABDULLAH BOZKURT On Nov. 18, in a Cabinet meeting that lasted more than seven hours, Prime Minister Recep Tayyip Erdoğan discussed the ban on private prep schools with his ministers for almost four hours. The meeting came only four days after the draft bill on the ban was leaked to Turkey’s largest circulated paper Zaman. […]

Kimse Yok Mu meets Syrian refugees’ needs through sister families

CİHAN ACAR, ŞANLIURFA Some of the urgent needs of Syrian refugees who have being sheltering in the southeastern region of Turkey since they fled from the intensifying violence in Syria are being met by the “sister family” project organized by the Kimse Yok Mu (Is Anybody There) charity foundation. Syrian refugees in Turkey, whose numbers […]

PM Erdoğan’s arguments on prep schools contradict statistics, facts

PM Recep Tayyip Erdoğan said during a live TV interview on Wednesday night that his ruling Justice and Development Party (AK Party) will not back down from its decision to close prep schools and listed his government’s arguments, many of which contradict official data, statistics and results of surveys carried out on the issue. According to surveys, 85 percent of the families who send their children to prep schools are low-income families.

Gulen blasts ‘despicable’ 2016 Turkey coup bid, subsequent ‘witch hunt’

US-based Muslim cleric Fethullah Gulen, the man blamed by Turkey for a failed coup attempt a year ago, on Friday again denied any involvement in what he called a “despicable putsch,” and called on Ankara to end its “witch hunt” of his followers.

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

Two-truck load of Kimse Yok Mu aid for Turkmens

Yeni Asya editor: Erdoğan kept strategy to finish off Gülen movement secret

Gov’t’s pressure for closure of Turkish schools abroad yields no result

Gülen calls on followers to adapt to PM’s teaching center closures

Erdogan’s vendetta against moderate Muslims threatens Turkey’s role in War on Terror

Haylamaz: Real Islam should be sought by looking at the Prophet Muhammad’s life

Romanian Judge Blocks Extradition of Second Arrested ‘Gulenist’

Copyright 2026 Hizmet News