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

Trustees decide to remove Gülen’s books from NT bookstores

In an explicit example of censorship, a panel of trustees who were appointed to Kaynak Holding last week in a government-backed move has decided to have copies of all books written by Turkish Islamic scholar Fethullah Gülen removed from the shelves of hundreds of NT Mağazaları bookstores across the country, Today’s Zaman has learned.

Turkey’s recent view from the US

The way the AK Party has proposed new laws to increase government control over judges and prosecutors and how many investigations have slowed down have raised suspicions that the government might be trying to hide corruption. The censorship of Turkish media and the recent attempts to change laws about the Internet to easily increase censorship are raising concern.

Erdoğan’s AKP runs out of steam, then what?

We are now in the midst of a system crisis with unprecedented dimensions and unforeseen consequences. Turkey’s fiercely embattled Prime Minister Recep Tayyip Erdoğan is betting whatever the country has gained over the past years on a game of prospects that will either lead to a downfall, or turn the stakes in such favor for himself so as to speed up his irresistible rise to untouchability.

Fethullah Gulen, the [Gulen] community, and the prep schools

It is no secret that my bonds of affection with the wise religious leader Fethullah Gulen and his movement go back more than twenty years. I trust that Hocaefendi, with his endless sense of fairness, is aware of this situation. He feels offended firstly because the government signed the National Security Council’s brief without hesitation, and secondly because it has profiled [both him and the movement]. In any case, resisting the closure of the movement’s prep schools is the same as resisting an authoritarian course of events!

Gulen factor in Turkey’s turmoil

Gulen Movement is a unique case of global social innovation based on the sanctity of education and inter-faith dialogue in a number of respects.

Approval rate of Turkish schools abroad at 78 percent

Research company Veritas conducted a survey in July 2013 with 4,296 people in face-to-face interviews in 42 provinces in an effort to measure the approval rate of the Turkish Olympiads that are organized annually.
Accordingly, 67 percent of the respondents expressed a positive opinion of these language olympiads while only 8 percent expressed a negative view.

Latest News

Sacramento leaders gather for Iftar dinner in celebration of Ramadan

SEO Skill Suite: Tools for Keyword Research, Technical & Backlink Analysis

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

In Case You Missed It

Man killed in Yalova over sympathy for Hizmet movement

Özfatura: Erdoğan does not want civil society that is not pro-AK Party

Islamic Scholar Fethullah Gulen promotes peace, understanding

UN representative found evidence of torture in Turkish prisons

Hizmet, forming a party and capturing the state!

Dutch police detain second Turkish man for threatening Erdoğan critics

Ahmet Şık’s book and Ergenekon’s media campaign (3)

Copyright 2026 Hizmet News