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

President Gül says Turkish Olympiads ‘greatest service’ to Turkey

The president has branded the annual contest of foreign students on the Turkish language the “greatest service” to Turkey, Turkish culture and its language, as he met with contestants participating in this year’s Olympiads. President Abdullah Gül told reporters while meeting with participants of the 11th Turkish Olympiads in the Çankaya presidential palace that organizations […]

Action plan put into operation against Hizmet, indictment reveals

The Action Plan to Fight Reactionaryism, which was exposed by the Taraf daily in 2009, details a military plan to destroy the image of the ruling Justice and Development Party (AK Party) and faith-based Hizmet (Gülen) movement in the eyes of the public, play down the Ergenekon investigation.

The Fountain 100th Issue Essay Contest

With its 100th issue, The Fountain invites you to join us in our celebration. Write in an essay a projection of yourself on your 100th birthday. What would you say to yourself at that age? What would your 100-year-old self tell you back? Would it be a conversation of praise and/or regret? Praise for achievements in your career, but regrets for a destroyed family? Warnings for the mistakes you did in your projected future or you will do in your past; pitfalls you happened to be dragged into, temptations you could not resist; or celebrations for the good character you were able to display and sustain a whole life, a precious life wasted or a life lived as it was meant to be.

Gülen’s lawyer files libel suit against Interior Minister Ala

Albayrak stated in the petition that unrealistic allegations and imputations, intended to defame his client Gülen, were made by Ala during his speech in Erzurum. Albayrak stated: “The expressions used by Ala cannot be considered within the scope of freedom of expression as they clearly violate the personal rights of Gülen.”

Compensation case filed against Erdoğan for targeting Gülen-inspired schools

Fetih Educational Operations (Fetih Eğitim İşletmeleri), which run schools affiliated with the faith-based Gülen movement, has filed a compensation case against President Recep Tayyip Erdoğan for targeting these schools since the eruption of a major corruption scandal in December 2013.

Kamel Daoud: Open letter to Erdogan – You’re not welcome in Algeria

On behalf of those you killed, imprisoned, tortured, you are not welcome, Erdogan! No, Erdogan, you’re not welcome in Algeria. We are a country which has already paid its price of blood and tears to those who wanted to impose their caliphate on us, those who put their ideas before our bodies, those who took our children hostage and who attempted to kill our hopes for a better future.

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

Gülen’s lawyers file civil suit and criminal complaints against Prime Minister Davutoğlu

Turkey’s Deputy PM: 2.4 Pct Of Public Sector Employees Discharged Over Alleged Gülen Links

Abant tackles contentious issue of drafting new constitution

President emphasizes importance of domestic peace for development

On the internal workings of the Gulen Movement

Writers, journalists gather to discuss media’s role in social cohesion

Powerful but reclusive Turkish cleric – BBC’s interview with Fethullah Gulen

Copyright 2026 Hizmet News