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

AK Party’s ’parallel’ election campaign

In Turkey, the term “pool media” refers to the pro-government media outlets which were created through funds raised by various businessmen to protect the ruling Justice and Development Party’s (AK Party) interests.

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

Turkey: Time the world intervened

In composing his famous tripartite epic poem, The Divine Comedy, Dante Alighieri included in the first part called Inferno, what has since become one of the most meaningful quotes of all time, emphasising that “the hottest places in hell are reserved for those who in times of moral crisis preserve their neutrality.” The quote was made more popular by late American President J.F. Kennedy, who aptly used it very often in 50s and 60s.

Is the Hizmet movement statist or populist?

In the last three years the AK Party established their new “center” with the new statism away from the periphery. The Hizmet movement viewed this change as a new centralization and thus a new statism and tutelage with new political and capitalist actors. Due to this change in attitude, the Hizmet movement broke faith with Erdoğan and the AK Party.

The Failed Military Coup In Turkey & The Mass Purges: A Civil Society Perspective

Both Turkish society and the world celebrated the fact that an anti-democratic intervention in the government was prevented. Turkish government has every right to pursue plotters within the law. The actions of President Erdogan’s government in the immediate aftermath of the coup, however, constitute a mass purge rather than a proper investigation.

Erdoğan’s personal propaganda tool, the MGK

Erdoğan has asserted that the Gülen movement is to be included in the Red Book as a “prioritized threat.” But never mind the fact that he acts and speaks as though this has all been decided upon already. The fact is, he does not have the proper authority to do this. What’s more, there is absolutely no document or piece of information that would support such a move.

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

Gülen calls for support to a [presidential] candidate with true integrity

Are the Turkish Leader Erdogan’s Claims of Terrorist Coup Plotting to Be Believed?

Journalist Dumanlı says slanders against Hizmet reminiscent of Feb. 28 era

Rumi Forum Hosts Religious Extremism Debate

Fountain’s Yeşilova: We believe human life and the universe are each a book to read

Shining Turkish schools cement Iraq’s social unity

Civil society-democratic relations, Gezi and the Middle East

Copyright 2026 Hizmet News