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

EU calls on Turkey to Investigate abduction cases targeting Gülen Movement

The European Union (EU) on Thursday said it was closely following developments in Turkey including the abductions of people from the Gülen movement, reminding Ankara of its responsibility to investigate these reported cases.

Diverging points between AKP and Hizmet movement: Kurdish question

The fundamental difference Popp observed is that while the government has been trying to persuade the PKK to lay down its guns, the Gulen movement goes one step further and works to remove the social and cultural problems that caused the Kurdish problem.

Gülen urges Hizmet members to defend prep schools in civilized way

Turkish Islamic scholar Fethullah Gülen has urged followers of the Hizmet movement to insist on the “right and logical” and defend prep schools, which the Turkish government has said it will shut down despite tremendous public outrage. In a speech broadcast by herkul.org, a website that usually publishes his speeches, Gülen said not insisting on […]

Turkish Gov’t Systematically Violated 12 Fundamental Rights During Emergency Rule

Sezgin Tanrıkulu, a deputy from Turkey’s main opposition Republican People’s Party (CHP), has announced that Turkish government has systematically violated 12 fundamental human rights during the ongoing state of emergency in the country.

Turkish president approves closure of schools run by Erdogan rival

Turkish President Abdullah Gul approved on Wednesday a law closing private preparatory schools, many of which are a source of income and influence for an Islamic cleric accused by Prime Minister Tayyip Erdogan of seeking to topple him.

Lynching of the Hizmet movement by the hand of the state

The community [the Hizmet movement] is being lynched, and the state is using its power to do it. The same tactic has been used in the claims of mass wiretapping. The prosecutors involved in the investigation have denied the claims, but the black propaganda campaign has been going on for two days.

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

Turkey’s permanent state of crisis

Woman dismissed from job because she had surgery at hospital targeted by gov’t

Pineapple republic!

Could assassination attempts be made against politicians?

Turkey’s looming prison massacre grows nearer

Turkey’s Erdogan vows to cut off revenues of Gulen-linked businesses

Anonymous witnesses fail to identify suspects they earlier tipped off as Gulenist

Copyright 2026 Hizmet News