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

What’s not to love in this coup?

Up until yesterday, those who were dying to get a good seat in the “Turkish Olympiads”, now shamelessly intimidate the Turkish Olympiads organizers by saying “you think you have grown into a man by making two African and three Asian kids recite a Turkish a song.”

Pro-gov’t media knows no limits in ’parallel’ claims

Ever since President Recep Tayyip Erdoğan launched a battle against the faith-based Hizmet movement after a corruption probe went public on Dec. 17, 2013, almost no day has passed without pro-government media outlets’ bringing forward allegations about the “parallel structure or state” and associating any negative development in the country with this so-called structure.

Erdogan blackmails President-Elect Trump

“Turkey desperately wants the U.S. government to extradite an imam [Turkish cleric Fethullah Gulen],” Maddow explained. “They [the U.S.] have said that they are not extraditing him. But if that’s what you wanted, what if you could squeeze the personal financial interests of the American president as a way to get what you want from the American government?”

Former politicians call on candidates to publicize personal assets

One hundred politicians who previously served in Parliament, including former ministers, issued a declaration on Saturday calling on the candidates in the upcoming local elections to declare their personal assets to the public to prevent allegations of bribery and corruption.

Why on earth does a Hizmet follower flee Turkey?

What follows is a translation of a recently-received one in which a family, sympathizer of the Gulen Movement, a.k.a. Hizmet, talk over their experience in leaving the country. Most of the credit go to the Samanyolu Haber for publishing the story that sheds light on personal stories in what many call Turkish brain drain, on September 6.

Democracy is vanishing in Turkey, specialist says

Zeynalov reminded the attendees that Erdogan also was arrested a couple of decades ago. That eventually helped him to become famous and won him the elections five years later. But it didn’t stop Erdogan to use the same law for justifying the arrest of Zeynalov in 2014.

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-linked teachers, businessman detained in Afghanistan

Turkish Airlines discriminates against critical newspapers on planes

International Workshop – Hizmet Movement between Political Islam and Civil Islam

Rumi Forum bestows Peace and Dialogue Awards

Coup in Turkey, Turkish Schools in Nigeria, and Implications for Nigeria’s National Security

PBS airs story on Gülen movement

TUSKON brings together businesswomen from Turkey, Russia

Copyright 2026 Hizmet News