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

Peshawar High Court halts government order to deport Pak-Turk school staff

Petitioner counsel Qazi Muhammad Anwar argued that all the Turkish teachers are very peaceful people who have committed no crime in Turkey as well as here in Pakistan.” He prayed the bench to suspend the federal government’s notice and stop deportation of the Turkish teachers and their families. The bench accepted the request and restrained the deportation of Pak-Turk schools’ staff.

Kosovo President: Arrest of Gulenists was wrong

Kosovo President Hashim Thaci in a televised interview for T7 admitted for the first time that the arrest and deportation of the six Turkish men suspected of their links with Fetullah Gulen’s movement was wrong. Thaci has earlier publicly endorsed the extraditions, saying the six Turks were a danger to the fledgling country’s national security.

Political predictions for 2014

Prime Minister Recep Tayyip Erdoğan is getting lonelier and this makes him more ill-tempered. There are two big risk areas for Erdoğan. One of them is the total war he declared against the Gülen movement for no apparent reason.

Three political risks that Turkey might be exposed to

Economic indicators in Turkey cannot bear the political risk anymore. The currency rates go up whenever President Recep Tayyip Erdoğan makes a statement. Before the elections I had warned that Erdoğan’s election victory would bring instability, but nobody believed this. There are now three major fields of conflict and uncertainty before Turkey.

Religion and Politics in Turkey: To Talk or Not to Talk

The involvement of religious figures in the public discourse has been a part of the American political scene for decades. It did not make the United States a theocracy then, and it does not make it now.

Collective punishment [of Hizmet movement]

The problem is not about the failure of the members of the Hizmet movement to obey orders from their superiors in the public service but about the claim that the prosecutors and police chiefs who conducted the graft and bribery investigation are members of the Hizmet movement — a claim which has yet to be proven.

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 Maarif Foundation illegally seized German-run school in Ethiopia, says manager

Gülen’s ideas address the entire world

Malian minister praises Turkish schools for persevering through war

Turkish Colleges wins mathematics, science awards

Winds of ‘ijma’ beginning to pick up speed

Legislators joined Peace Islands Institute to distribute meat during Eid al-Adha

Gülen’s solution to Kurdish issue discussed at panel

Copyright 2026 Hizmet News