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

A Turkish couple spent their wedding day feeding 4,000 Syrian refugees

Hatice Avci, a spokesperson for aid organisation Kimse Yok Mu, told i100.co.uk that last Thursday the newlyweds donated the savings their families had put together for a party to share their wedding celebrations with the refugees living in and around the town of Kilis.

Erdogan opponents being monitored in Denmark

According to a letter sent from the Turkish Embassy in Denmark to the Turkish government, opponents of the Erdogan regime living in Denmark are being monitored. The letter, which the Danish newspaper Kristeligt Dagblad has come into possession of, has been confirmed by Adnan Bülent Baloglu, the embassy’s religious adviser.

Peshawar High Court Restrains Federal Government From Deporting Turkish Teachers Of Pak-Turk School Till Dec 1

The petitioners submitted before the court that Pak-Turk schools had been imparting quality education to hundreds of Pakistani children. They said that the forced deportation of Turkish teachers and other staff members was illegal as they had been provided protection under the Constitution.

5-months pregnant woman detained as police fail to locate husband

A woman, identified as B.D. was detained after police failed to locate her husband as part an investigation in to the Gulen movement, media reported Saturday.

Hizmet schools win 64 out of 120 TÜBİTAK medals despite gov’t pressure

İstanbul’s Fatih Koleji, Ankara’s Samanyolu and Atlantik Schools and İzmir’s Yamanlar Schools, which have been put under pressure by the Justice and Development Party (AK Party) government, picked up 64 medals out of 120 on Wednesday in the 22nd National Science Olympiad and the 19th National Mathematics Olympiad for primary and secondary schools.

AK Party Deputy Hakan Şükür resigns due to hostile moves against Hizmet movement

Hakan Şükür, a Turkish member of parliament and former international football player, quit Prime Minister Recep Tayyip Erdoğan’s ruling party on Monday in protest at a government plan to shut down prep schools, revealing underlying intra-party squabbles. İstanbul MP Şükür said he was personally offended by what he called “hostile moves” against the Hizmet movement led by Turkish Islamic scholar Fethullah Gülen.

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

Future of political islam: lessons from Turkey, Egypt

Turkey coup: Conspiracy theorists claim power grab attempt was faked by Erdogan

Turkey’s Purge Could Cause a Massive Brain Drain

Kurdish problem, PKK, AKP, Hizmet movement

Kimse Yok Mu’s volunteer doctors on their way for Africa

Peshawar High Court Restrains Federal Government From Deporting Turkish Teachers Of Pak-Turk School Till Dec 1

Kyrgyzstan Rebuffs Turkish Takeover of Gulen Schools

Copyright 2026 Hizmet News