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

Karaca’s lawyers to ask Constitutional Court to reverse detention order

Lawyers for Samanyolu Broadcasting Group General Manager Hidayet Karaca, who was arrested after government-initiated operations targeting the managers of the Zaman and Samanyolu media outlets on Dec. 14, are preparing to file an appeal with the Constitutional Court to overturn the decision to detain Karaca on Tuesday.

Gray domination’ and Turkey’s civil rights challenge

The Hizmet movement, the largest civil society group in Turkey, inspired by Fethullah Gülen, is active in around 150 countries. Hizmet is marked by outstanding schools, dialogue initiatives and relief organizations. Its greatest achievement, however, is the ability to remain independent at all times

Gov’t targets Hizmet to distract attention from corruption, says director

Demirkubuz believes that all the “good things” that the government did prior to the 2010 referendum were to guarantee its position, rather than celebrating the rule of law and justice, as evidenced by the fact that the prosecutors who were called heroes yesterday are called traitors today. Demirkubuz urged society to go through an exercise of self-criticism in terms of the preference for power over freedoms.

I am the mastermind behind the failed Turkish coup attempt! I am Mr. Gulen’s secret ‘abi’

Need I say more? Someone please let Mr. Amsterdam know of my confession so the witch hunt can end. Let him know that it was I who brainwashed Gulen and corrupted all his followers, so they are innocent. Tell President Obama to extradite me. No further “evidences” are needed beyond what I have provided above and my own confession. Extradite me to Turkey as soon as possible so that the madness can end. I can’t take the guilt any longer.

President emphasizes importance of domestic peace for development

President Abdullah Gül has underlined the importance of domestic peace for Turkey to keep up its development, noting that the country should not waste its energy by focusing on “unnecessary rumors,” an almost open reference to Prime Minister Recep Tayyip Erdoğan’s defamation campaign targeting the Hizmet movement, a volunteer-based grassroots movement inspired by Islamic scholar Fethullah Gülen.

New York Times : Hundreds of Police Officers Reassigned in Turkey

Mr. Gulen’s followers vehemently deny claims that his adherents control state institutions. They argue that if his sympathizers are well represented within the police and judiciary, it is because they are well educated and highly qualified for their jobs.

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

NPR interviews Stephen Kinzer on graft probe and Fethullah Gulen

Grade 12 Pupil Receives A Bronze Medal At 61st International Maths Ambassador

Hate speech and respect for the sacred

African Union Commission chair supports creation of more Turkish schools

Pakistan – Staff expelled from Turkish-backed schools on Erdogan’s demand

Mind-polluting leaks about Hizmet movement

ECtHR faults Turkey for convictions of 2,420 applicants over Gülen links in follow-up to 2023 judgment

Copyright 2026 Hizmet News