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

Abant participants: Turkey needs EU support to improve its democracy

24 June 2012 / YONCA POYRAZ DOĞAN, ABANT No matter the problems related to the European Union’s historical financial crisis and Turkey’s loss of enthusiasm regarding membership in the EU; participants of the 27th Abant meeting, titled “Different Perspectives on Turkey,” have said that Turkey needs the EU in order to improve its fragile democracy. […]

Kurdish initiative should not be suspended by provocative acts

TUĞBA MEZARARKALI/MEHMET TAYANÇ, BINGÖL The final declaration of a recent symposium on Turkey’s Kurdish issue, attended by Turkish and international academics, authors, politicians and leading thinkers, says that Kurdish initiatives aiming to resolve Turkey’s long-standing Kurdish problem by meeting some of the Kurdish people’s demands should not be suspended due to provocative acts. Organized by […]

Erdoğan calls on people to show no mercy to Gülen movement

Amid an ongoing witch-hunt targeting the faith-based Gülen movement, President Recep Tayyip Erdoğan on Saturday called on people to not show mercy to the movement, saying the pitiful will be pitied, the state-run Anadolu news agency reported.

Pro-Erdogan journalist says killing Gülen followers, even their babies, a religious obligation

Hüseyin Adalan, a journalist working for a number of pro-government media outlets, has said it is a religious obligation to kill all followers of the Gülen movement and even their babies.

Hizmet movement demonized by Erdogan regime but loved abroad

South Africa is a good example of a country that has not been pressured into adopting the narrative touted by the Turkish government. Local politicians, students and academics regularly acknowledge the Hizmet Movement’s altruistic activities in the country.

Gülen calls on followers to adapt to PM’s teaching center closures

“If they close your homes, you should open dorms. If they close your dorms, you will open new homes. If they close your schools, you will respond by opening a university. And when they close your university, you should open ten schools. You should never stop marching,” Gülen said in a video that was posted at Herkül.org, a website close to the movement.

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

Global peace as a dream to follow

Prosecutors conducting ‘terror’ probe of prominent Turkish charity

Gülen’s book “Eternal Light” under spotlight at Pakistani fair

The work of peace

Accused Turkish Cleric Assails President on Anniversary of Coup Attempt in WSJ Interview

Erdogan men advised to have polygamous marriages with wives of jailed Gülen followers

Fethullah Gulen Condemns the Assassination of Russian Ambassador to Turkey

Copyright 2026 Hizmet News