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

Gulen: Issuance of arrest warrant changes nothing about my views

The issuance of an arrest warrant from a Turkish court changes nothing about my status or my views. I have repeatedly condemned the coup attempt in Turkey and denied any knowledge or involvement. It is well-documented the Turkish court system is without judicial independence, so this warrant is yet another example of President Erdogan’s drive authoritarianism and away from democracy.

Turkish-Armenian intellectual says failed coup staged to purge Gülen followers

Turkish-Armenian linguist and writer Sevan Nişanyan, who escaped from a prison in İzmir in July, shared his take on a failed coup in Turkey last year, saying it was staged in order to cleanse the Turkish military of followers of US-based Turkish Islamic scholar Fethullah Gülen.

Liberian Government: Turkish school to remain open

The Liberian Government says the Turkish Light International School System remains a private institution of learning in Liberia and enjoys all the privileges provided all educational institutions operating in the country have until it concludes an investigation into allegations that operators of the school here were linked to a failed coup in Turkey.

Women gather for UN development agenda in İstanbul

Women, tasked studies on poverty, woman, child, education, environment and health mostly within the body of the UN came together for a program held by the Journalists and Writers Foundation (GYV). With the event titled “Women’s Perspectives on UN Post-2015 Development Agenda” various sessions on nongovernmental organizations and developments targets, environment and economy will be held.

Securitizing the Hizmet / Gulen movement

Turkey’s most influential and widely respected civil society organisation, the Hizmet movement, is under continual attack by PM Erdoğan who accuses it of seeking to establish a “parallel state”. Such rhetoric and ‘securitization’ may destroy the democratic fabric of Turkish society.

CHP deputy asks PM to stop arrest of women after giving birth

Main opposition Republican People’s Party (CHP) İstanbul deputy Sezgin Tanrıkulu has asked Prime Minister Binali Yıldırım to halt the practice of arresting women immediately after giving birth due to their alleged links to the Gülen movement.

Latest News

Sacramento leaders gather for Iftar dinner in celebration of Ramadan

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

In Case You Missed It

Erdoğan’s propagandist think tanks

Gülen, a man of peace, not behind attempted coup in Turkey

US lawmaker says Gülen should not be extradited, calls his movement strongest element against radical Islamists

Afghan Turkish Schools have brought 75 medals to Afghanistan

Kimse Yok Mu offers cataract surgery to 2,000 Nepalese

Yamanlar Koleji crowns Turkey with second gold medal

Row between Turkish government and Gülen movement heats up with new document

Copyright 2026 Hizmet News