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

Exiled cleric Gulen explains why he thinks Erdogan has branded him a terrorist

Gulen claimed that [Erdogan turn against Hizmet and accuse it of plotting the failed coup] because he had refused Erdogan’s appeal to use the domestic and international Hizmet network as a propaganda tool to present himself as leader of Islam, at home and abroad. “But Hizmet rejected him and so Erdogan was angry,” Gulen said.

President Gül dismisses calls to help tackle political turmoil

During a press conference held on Monday, the GYV, whose honorary chairman is Turkish Islamic scholar Fethullah Gülen, stated that a hate crime is being carried out against the Hizmet movement in Turkey and called on President Gül to take the initiative to investigate the executive branch’s recent attempts to render the judiciary dysfunctional.

On the mysterious deportations of Turkish teachers

Built over a decade ago, Lahore PakTurk International School has a state-of-the-art building with an indoor Futsal court and an auditorium that can accommodate 500 students. In 2006, General Pervez Musharraf conferred a civilian award on the PakTurk International Schools and Colleges, recognising their services to Pakistan.

Saudi Scholar al-Qarni: Gulen serves with wisdom

One of the most celebrated scholars of Saudi Arabia and the Arab world at large, Sheikh Aaidh al-Qarni delivered sermons on “Tabi’in” (a referral to the people who lived in an age right after the Prophet Muhammad’s companions’ generation) at several salatin mosques (mosques built by Ottoman sultans) in Istanbul, on June 1 thru 9. […]

Turkish anti-terrorism police carried out raids in six cities, detaining at least five people with alleged links to al-Qaida

The police raid “is a deliberate attack on the IHH,” said Yasar Kutluay, the group’s secretary general. “They are trying to portray the group as an organization with links to terrorism.” He blamed Israel and Gulen’s supporters, for the operation — a charge Gulen’s movement immediately rejected as “slander and false incrimination.”

Informant on Gülen movement members says he fabricated testimony to avoid jail time

İbrahim Demirtaş, a major in the Turkish military who testified as an informant in investigations into sympathizers of the faith-based Gülen movement, has admitted that his statements were false and made in order to avoid prosecution and jail time.

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

Embrace Relief Worldwide Qurban (Feast of Sacrifice) Campaign

Turkey just snatched six of its citizens from another country

200 public servants sue PM over ‘parallel state’ statements

Exhibit lets Iraqi women tell stories of heartbreak and hope

‘The work of Hizmet followers is really tackling the fundamentals of what is needed in the society’

Turkmen Alevite Association and Kimse Yok Mu distribute aid to 1840 families in Ramadan

Principal of Gülen-linked school, businessman abducted in Malaysia

Copyright 2026 Hizmet News