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

Bank Asya answers smear campaign

Publicly traded Bank Asya roundly denied the ‘baseless rumors’ about its financial status via the Public Disclosure Platform (KAP). “There have been baseless smear and defamation campaign widely circulating in some press organizations and social media sites” read the statement. “Our bank will apply to the authorities to protect our legal rights in the face […]

Turkey’s Real Coup [by Erdogan] Has Begun

Erdoğan is a dictator, but he might not have achieved his ambition absent Western naïveté. He and his supporters played American and European officials like a fiddle. He sought to disempower the Turkish military but couched his ambition to do so in the rhetoric of democratic reform.

Turkish Olympiads Cultural Festival attended by 3 million visitors in İzmir

Nearly 3 million people attended the Cultural Festival of the 11th International Turkish Olympiads, an event celebrating the Turkish language that will bring together 2,000 students from 140 countries this year. The event, which began on Friday, was held by the Turkish Education Association (TÜRKÇEDER) and attracted considerable interest from both visitors from İzmir and […]

Thousands pay final respects to Gülen’s brother in Erzurum

Seyfullah Gülen, who died at the age of 72 on Friday and was the brother of Turkish Islamic scholar Fethullah Gülen, was laid to rest in a funeral attended by thousands of people in the eastern province of Erzurum on Sunday.

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.

Advisor’s claim has potential to accelerate AK Party’s downfall

Amid a deepening high-profile corruption scandal that has seriously damaged the government’s reputation, a claim made by a senior advisor to Prime Minister Recep Tayyip Erdoğan has the potential to bring the military back to the political scene, carrying the risk of accelerating his party’s downfall from power.

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

Alevi problems deeper than they seem, opinion leaders agree

Turkish IT Technician Found Dead While Fleeing To Greece

Yamanlar Schools students sweep AMC 8

‘Parallel’ paranoia reaches the kitchen of Parliament

Turkish trade’s center of gravity shifting in TUSKON bridges

To escape from Turkey, they told their children it was a game

Turkish-Kyrgyz educator’s abduction shows Ankara’s ruthless disregard for law: HRW

Copyright 2026 Hizmet News