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

Accused Turkish Cleric Assails President on Anniversary of Coup Attempt in WSJ Interview

Fethullah Gulen repeated his declaration that he has never been involved in any coup-plotting. “I never thought that he could go so bad,” said Mr. Gulen, who said that the Turkish president was unleashing mass hysteria inside the country. “Some parts of Turkish society have lost their ability to think.”

Alienating Turkey

Pro-government media outlets publish reports and news stories that are dark propaganda. Prime Minister Recep Tayyip Erdoğan and leading party figures make unfounded accusations directed at the Hizmet movement at every opportunity. In Turkey, when people want to hide something and divert attention, they create a virtual agenda and you are asked to follow the distortionist.

Hate crimes get worse in Turkey

Despite the fact that Turkey has recently adopted legislation against hate crimes, Turkey’s divisive Prime Minister Recep Tayyip Erdoğan has not stopped his attacks with verbal expressions of intolerance and hatred directed at the judiciary, opposition parties, the media, business groups and members of the Hizmet movement, a faith-based civic movement inspired by Islamic scholar Fethullah Gülen.

Nearly 500 police officials reassigned in Ankara, İzmir

Erdoğan has reacted furiously to the corruption investigation, decrying an attempted “judicial coup” his supporters see as orchestrated by the Hizmet movement. He has reassigned thousands of police officers, more than a hundred judges and prosecutors, and purged official bodies of executives he suspects of being close to Turkish Islamic scholar Fethullah Gülen.

Abant Platform on Africa

For three days I will be away from Turkey’s increasingly suffocating internal politics. For this reason alone I am grateful to the Journalists and Writers Foundation, organizer of the Abant Platform on Africa. I think this three-day event will, among other things, show us, Turks, that there is a huge world outside Turkey and that we need to […]

General Staff ordered broadcasting of anti-Gülen recordings

Journalist Mehmet Ali Birand has claimed that the General Staff ordered the broadcasting of anti-Fethullah Gülen audio recordings by some TV stations in the run up to the Feb. 28, 1997 unarmed military intervention.

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

Gulen wants Anatolian [interpretation of] Islam

Steller: For Turks, post-coup purges make U.S. safe harbor

Call for Paper: Muslims, Sports and Physical Activity

Totalitarian interference in individual sphere

Alleged Hizmet link in Hablemitoğlu murder a lie, says widow

The Guardian view on Turkey’s repression: stop this stalemate

Turkey’s New Constitution Would End Its Democracy

Copyright 2026 Hizmet News