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

Likely case against Hizmet will bolster authoritarian character of Erdoğan gov’t

Rumors have it that the Erdoğan government will file criminal charges against people alleged to be associated with this “parallel structure,” a veiled reference by Erdoğan to the Hizmet movement, inspired by Islamic scholar Fethullah Gülen, that the government claims as the force driving the massive corruption investigations that have shaken the governing Justice and Development Party (AK Party).

Stop doing Erdogan’s dirty work, Freedom centre tells Malaysia

Stockholm Centre of Freedom (SCF) has called on the Malaysian government to halt its dirty bidding on behalf of the growingly repressive Turkish government led by President Recep Erdogan, following the arrest and deportation of three Turkish nationals from Kuala Lumpur.

Gülen says he supports broader press freedoms

Turkish Islamic scholar Fethullah Gülen has said he advocates broader rights specifically in the arenas of freedom of expression and freedom of the press for journalists, including those who “unjustly” accuse him of conspiring against them. The allegations were recently voiced following the recent release of four journalists released pending trial in the OdaTV case, […]

Medialog calls for law against hate speech and crime [in Turkey]

In a two-day conference on hate speech and hate crime organized by Medialog (a platform under Journalist and Writers Foundation) in İstanbul, leading journalists and academics urged the government to draft a law against defamation, blasphemy and discrimination while protecting the freedom of expression.

Gülen, Hizmet, the state and the AKP

Gülen has placed much emphasis on education. With a new ijtihad (independent reasoning), he always stated that instead of building a mosque, religious businessmen must establish secular schools that will educate the future’s engineers, doctors, lawyers, journalists and yes, police, prosecutors and judges.

Turkey’s Reichstag Fire

When tanks blocked bridges in the heart of Istanbul and F-16s bombed Turkey’s parliament in Ankara on July 15, Western diplomats were caught by surprise. So too were U.S. forces stationed at the Incirlik Air Base in southern Turkey. The U.S. intelligence community had not an inkling that anything was amiss until the troops started moving.

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

‘Parallel’ paranoia reaches the kitchen of Parliament

Art exhibition tells story of deficiency

Now it is time to answer

‘Selam: Bahara Yolculuk’: a true story on the big screen

Hizmet Movement’s Responsibility

Graduation ceremony of Turkish School in Kenya

Fethullah Gulen responds to videocassette allegations

Copyright 2026 Hizmet News