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

Fethullah Gülen: alleged coup mastermind – and friendly neighbor

Chuck Parker, who lives down the road from Fethullah Gülen, said: “When we have the traditional Thanksgiving, he has a dinner then. He also has a dinner for Ramadan.” He and many other residents have received invitations, which often come with a personal touch. “They usually hand deliver it, or one of the guys bring it over.”

Turkey crackdown: deep unease in Fethullah Gulen’s home village

“They were a family of thinkers,” said a dairy farmer in the village who asked not to be named as he feared repercussions from the authorities. “They were good people. They came from nowhere, they had no water, nothing,” he says, pointing out the Gulen family’s former home, made from clay and rocks.

[Press Release] The Corruption and Slander against the Hizmet Movement

Prime Minister marketed the historic graft investigation as a “coup against the government” and he targeted the Hizmet movement by voicing this claim first in the pro-government media outlets and then in the election rallies along with a host of unthinkable lies and slanders.

Turkey removes evidence of torture, maltreatment in prisons ahead of ‘Committee for the Prevention of Torture’ visit

The National Police Department warned all its personnel to obey international rules of detention and to stop using unofficial detention centers days before a delegation from the Committee for the Prevention of Torture (CPT) was to pay a visit to Turkey in order to ascertain if people in custody are subject to any maltreatment, according to an anonymous tip received by Turkey Purge.

Turkey bans math textbooks due to questions including Gülen’s initials

Turkey’s paranoia over the Gülen movement has reached new heights with the government banning mathematics textbooks due to questions involving the initials of Islamic scholar Fethullah Gülen.

Fears grow Turks held in Malaysia may face unfair trial or torture at home

Two Turkish men have been arrested in Malaysia, raising fears they might by forcibly returned to Turkey, where a rights group warned they could face unfair trial and torture.

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

Afghan Students, families baulk at Turkey taking over schools

Hizmet Movement discussed at Mexico’s UNAM

Syracuse celebrates Turkish culture, cuisine at City Hall event

Gülen says planned assassinations of prominent figures in Turkey could be blamed on him

Turkish Schools have changed the view against white people in Africa

‘Humiliating people not allowed in Islam’

Volunteers Back from Medical Service in Somalia

Copyright 2026 Hizmet News