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

4 Turks deported from Saudi Arabia sent to jail over donations to Gülen movement

An Ankara court sent to jail 4 out of 16 Turkish nationals who were deported back to home from Saudi Arabia as part of Turkey’s ever-growing crackdown against the Gülen movement that that has spread to overseas in the recent past.

Half a million people in Turkey subject to prosecution over Gülen links: ministry

A total of 500,650 people have been investigated over real and alleged links to the Gülen movement, the Cumhuriyet daily reported on Monday.

Suspicious raid against Hizmet-affiliated highschool famous for its success

The raid came just two days after Turkey’s Student Selection and Placement Center (ÖSYM) announced the results of the Higher Education Entrance Examination (YGS), which revealed that students from Gülen-inspired schools are among the top scorers of the exam, casting doubt on the objectivity of the raid.

Turkey’s Changing Freedom Deficit

Erdoğan’s government is by no means the first to compel Turkish citizens to hide their preferences and beliefs. Under the secular governments that ruled Turkey from the 1920s to 1950, and to some extent until 2002, pious Turks seeking advancement in government, the military, and even commerce had to downplay their religiosity and avoid signaling approval of political Islam.

Kimse Yok Mu Becomes A Member Of Ecosoc

Kimse Yok Mu Association becomes a member of Ecosoc. United Nations Economic and Social Council. Ecosoc is the name of an organization that is built to coordinate United Nation’s economic, social and other similar branches. Ecosoc is created after World War II during the year 1945, to act as a forum for international economic and social problems, and give social political suggestions to the member countries and the UN.

Which is the bigger threat, Turkey’s coup or Erdogan’s response?

Erdogan’s counter-coup may do more to change Turkish politics than the coup plotters ever sought, completing the country’s transformation from secular democracy to what’s fast becoming the new favorite government for aspiring dictators — one where the media is strictly controlled, conformity is entrenched through the schools, elections bring little change, and presidents can rule for life.

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

Turkey’s Crackdown Extends to Taipei

Turkey deports former EU official for alleged Gulen-ties

Fethullah Gulen and His Movement: A Brief Introduction

Kerry: Turkish President’s Insinuation of US Role in Attempted Coup is ‘Harmful to Our Bilateral Relations’

NY Times: 3 Turkish Ministers Resign Amid Corruption Scandal

Kazakh students win medals at international science fair

Is the March 30 referendum in danger?

Copyright 2026 Hizmet News