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

Who put those 4.5 million dollars there?

It is fair to say that no government, no organization, no company, no social club could ignore and permit any attempt from within to destroy itself. Even in that case, it is up to independent courts to probe such a conspiracy, plot or coup attempt. It is up to the independent courts, free of political pressure, to investigate both suspicions of a coup attempt and suspicions over large-scale corruption.

The anomaly of war

The anomaly of war, French essayist Emile Auguste Chartier wrote, is that the best men get themselves killed while crafty men find their chances to govern in a manner contrary to justice. How much of that applies to modern Turkey remains unknown – though predictable.

Turkey’s Erdogan takes cue from Hitler, Stalin and Khomeini

There is something deeply disturbing about the direction in which Recep Tayyip Erdogan and his Justice and Development Party are taking Turkey. Writing in this newspaper last week, John Lyons compared the sweeping purges to McCarthyism in the US in the 1950s. That was altogether the wrong analogy.

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

Turkish Islamic scholar Fethullah Gülen has put emphasis on Alevi-Sunni brotherhood in comments on an ongoing controversy over the naming of a new bridge to be built over the Bosporus after an Ottoman Sultan who Alevis say is responsible for the killing of tens of thousands of Alevis in the early 16th century. In a […]

Gülen-linked woman dies in Greece as she waits to join husband in Germany

Esma Uludağ, a 35-year-old Turkish woman who fled to Greece due to an ongoing government-led crackdown on the followers of the Gülen movement, died of a heart attack on Saturday night as she was waiting to join her husband in Germany.

Minister: Turkish gov’t racks up $5 bln in confiscation of Gülen-linked properties

The value of immovable properties including dormitories, real estates and schools that the government has confiscated as part of its clampdown against Gülen movement so far, totals around TL 15 billion or $4.9 billion, according to Environment and Urban Planning Minister Mehmet Özhaseki.

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

Yamanlar and Fatih High Schools’ success at International Science Olympiads

President Gul says debates over prep schools should not lead to ‘resentment’

“It’s a religious duty to establish love and tolerance in society”

Gov’t cancels Kimse Yok Mu’s previously obtained permissions

Scholars to discuss tolerance at Hizmet Movement conference in Taiwan

Trump’s Top Military Adviser Is Lobbying For Obscure Company With Ties To Turkish Government

Nigerian Turkish schools denies links to Turkey coup

Copyright 2026 Hizmet News