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

Minister Şahin praises Journalists and Writers Foundation for courageous coverage

SEZAİ KALAYCI, NEW YORK Family and Social Policy Minister Fatma Şahin has praised the Journalists and Writers Foundation (GYV) for its members’ courageous coverage of important issues at a time when the country is taking steps for democratization. Şahin’s remarks came during a panel discussion on women’s issues held by the GYV and Peace Islands […]

‘Hizmet conspiracy’ theories rejected at iftar hosted by Alevis

Participants of an iftar held by the Federation of Alevi-Bektaşi Associations under the theme “Solidarity in the light of the Quran” at the Renaissance Polat Hotel in İstanbul on Wednesday evening expressed their disbelief in the existence of any conspiracy prepared by the Hizmet movement.

Fethullah Gülen: Erdogan is a Narcissist Dictator, His Main Enemy is Himself

Fethullah Gülen: It is Erdogan who considers me his enemy. I have never considered him as such. I just asked him to keep his promises. His main enemy is himself.

Irrationality rules

Nobody outside of Turkey understands why a government that claims to be innocent and portrays itself as the victim of dirty conspiracies uses every legal — and according to many illegal — means at its disposal to stop further investigations and punish those who gathered the evidence or wrote the indictments.

11th Int’l Turkish Olympiads kick off in İstanbul

The 11th International Turkish Olympiads, which is a festival celebrating the Turkish language and brings together 2,000 students from 140 countries this year, began in İstanbul on Wednesday. The event began with a news conference held in Atatürk Olympic Stadium attended by the Turkish deputy parliamentary speaker and International Turkish Language Olympiads organizing committee chairman, […]

US, Gülen to trigger artificial earthquake(!) in İstanbul, Ankara mayor says

Ankara’s mayor Melih Gökçek claimed in series of tweets from his personal account on Saturday that external powers, including the US, is planning to trigger a artificial eartquake in İstanbul along theGülen Movement. “I had said FETO and US expects an earthquake in İstanbul in August 14 similar to the Gölcük eartquake in 1999. I ruined their plan after revealing in TVs. But the propoganda continues. The plan was to trigger an earthquake in İstanbul to destroy Turkey’s economy as US promised to FETO,” Gökçek wrote.

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

2 Turkish teachers killed in Somali school bus attack

Turkish Cultural Center co-hosts Iftar with Westchester Reform Temple

Turkey’s Erdoğan Regime Extends Post-Coup Witch Hunt Targeting Gülen Followers Abroad

Kimse Yok Mu establishes 16 water wells in Cameroon

Islamic scholar Gülen rejects involvement with graft probe and wiretappings

Why was Mr. Gulen’s name brought up in the coup attempt in Turkey?

Is the AK Party turning into the old CHP?

Copyright 2026 Hizmet News