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

Courts order corrections to gov’t media stories on Hizmet

Several courts have ruled against untruthful stories published or broadcast by media institutions close to the government about the Hizmet movement, which Prime Minister Recep Tayyip Erdoğan has accused of trying to undermine his government, but most newspapers and stations have not published the corrections as they should according to the rulings.

Is the Gulen Movement an alternative to the state?

Some say, “You [Gülen Movement] are acting as the honorary ambassadors, counselors, and attachés, are you the alternative to the state? My answer is as follows: If some people are taking care of the business in the places where you cannot reach, you have to only admire and compliment them.

EC official: Turkey should address issues within limits of rule of law

Turkey should deal with its problems within the confines of the rule of law and the legal instruments of democratic societies, Alexandra Cas Granje, European Commission (EC) director of enlargement, has said in reference to a recent corruption scandal and draft bill on the Supreme Board of Judges and Prosecutors (HSYK).

Turkish Olympiads close with perfect ceremony

A spectacular closing ceremony at İstanbul Atatürk Olimpiyat Stadium in front of 200,000 spectators for the 11th Turkish Language Olympiads has left bittersweet memories, signaling the end of a two-week festival full of poetry, dance, Turkish culture and music. Participants, who came from 130 countries, in this year’s competition wrapped up the two-week long finals […]

Ankara’s soft-power dilemma

Turkey’s major assets in terms of successful diplomacy and soft-power policy included Turkish schools opened by the Hizmet movement all around the world; the International Turkish Language Olympiads organized by the same group; business associations within and outside the borders of Turkey; intercultural and interfaith dialogue societies; foreign language publications of Turkish society; Turkish hospitals in several countries; and Turkish international humanitarian aid organizations.

Journalists and Writers Foundation (GYV) gathers all colors of Turkey at iftar

ESRA MADEN, İSTANBUL Many distinguished figures including Turkey’s spiritual leaders, politicians, artists, businessmen and journalists came together at the same iftar (fast-breaking dinner) table on Tuesday night in an event held by the Journalists and Writers Foundation (GYV). GYV Honorary President Fethullah Gülen greeted the guests with a message he issued for the night. “Ramadan […]

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

Ramadan aid cheers up Sudanese orphans

Bangladeshi scholar publishes book on Gülen

Gülen: Alevi-Sunni brotherhood should not be marred by bridge controversy

Critics locked up at home as President Erdogan arrives in India

Turkey – Baby with Down syndrome suffers major health problems in absence of jailed parents

Young Peace Builders Honored

GYV slams government attempt to silence critics with recent measures

Copyright 2026 Hizmet News