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

International Panel: The Virgin Mary in the Holy Books [in Istanbul]

Turkey Catholic Communities, Roma Tevere Instituto and the Intercultural Dialogue Platform (IDP) are organizing an international meeting, which will be held to study how the Virgin Mary has been approached in the holy texts, both in Christianity and Islam. The panel will be held on November 1-2, 2013 at the WOW İstanbul Convention Center, Turkey

University of Florida and the failed coup in Turkey

On July 15 in Istanbul, Turkey, soldiers closed the two bridges across the Bosphorus, the first indication that elements of the army were planning to remove the government of President Recip Tayyip Erdogan. In Ankara, the national capital, other soldiers took control of television stations and shelled the parliament building. President Erdogan had to use […]

Turkey is gateway to Europe: exporters urged to collaborate with Turkish companies

Confederation of Businessmen and Industrialists of Turkey (TUSKON) is organising a new track of its world famous series of international business summits, more than 2000 visitors from more than 124 countries are expected to participate in the event, expecting business agreements to the tune of $3 billion.

Turkish army profiled Tahşiyeciler as serving al-Qaeda

The 13 March 2009 report, prepared by Turkish General Staff Intelligence Unit Head, Lieutenant General Hakkı Pekin, reveals the Tahşiyeciler group’s ideology strongly aligned with al-Qaeda, viewing its leader Osama Bin Laden as Mahdi, the prophesied redeemer of Islam.

Turkey’s post-revolutionary civil war

What does this corruption investigation has anything to do with the AKP-Gülen Movement tension? Well, the prosecutor who apparently led this investigation in big secrecy, Zekeriya Öz, is believed to be a member of the movement. Corruption is a serious matter and the real best defense would be to help bring those who are charged to justice. Meanwhile, the Gülen Movement, normally a civil society group, should help save itself from the image of secrecy and infiltration that it has been drawn into in the past decade.

Hakan Şükür’s resignation

The resignation of İstanbul deputy Hakan Şükür from his ruling Justice and Development Party (AK Party) is not an ordinary resignation. It is the most serious incident that disrupts the prestige of the AK Party in the eyes of pious voters.
Şükür’s statement about his resignation must be carefully studied. This statement explains the Hizmet movement’s perspective regarding the recent row between the government and the Hizmet community for the first time and with a clear wording.

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

Pictures of friendship drawn on hearts: Philippines

Gülen’s lawyer: Views other than state ideology considered a crime in Turkey

Message of tolerance, peace expressed at GYV’s fast-breaking dinner

Sabotage: government-Gülen movement relations

Kimse Yok Mu officials hand out aid with flashlights in rain

A Trip to Turkey: Religious Practice and the Secular State

Kimse Yok Mu uplifts orphans in Tacloban

Copyright 2026 Hizmet News