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

Gulen Slams Turkey Crackdown Before Erdogan Demands Extradition

The exiled cleric accused by Turkey of orchestrating last year’s attempted coup charged President Recep Tayyip Erdogan with seeking to silence critics, as the Turkish leader prepared to push for the preacher’s extradition in a White House meeting with Donald Trump.

Police raid business association in Malatya in new government-backed operation

Police teams entered and searched the premises of the Malatya Active Businessmen’s Association (MAKİAD) on Thursday in a new wave of government-led operations targeting institutions deemed to have an affiliation with the Gülen movement — a faith-based initiative inspired by Turkish Islamic scholar Fethullah Gülen.

Lawyers highlight attempt to pin unsolved murders on Gülen

The decision by the Ankara Chief Public Prosecutor’s Office to re-examine cases of unsolved murders that took place between 2000 and 2013 is an attempt to pin the murders on Turkish Islamic scholar Fethullah Gülen and the Hizmet movement, a grassroots civil society organization inspired by Gülen, the scholar’s lawyers have said.

72-year-old Turkish man detained over coup charges

Gülen movement has been accused of masterminding the coup attempt on July 15 despite its successive statements that denied any involvement. Failing to back up its accusations with credible evidence, the government has detained more than 40,000 people and arrested 24,000 over their alleged links to the coup attempt since July 15.

Gülen Movement done nothing wrong, rather improved lives of the masses

No doubt that Turkey’s Schindler’s List today involves members of the Gülen movement who have done nothing wrong other than volunteering their time, money and expertise to improve the lives of people around themselves. They are viciously being demonized and vilified by Turkey’s President Erdoğan because they stood up against this tyrant’s massive corruption dragnet and arming of radical militants in other countries.

Gülen-linked teachers, businessman detained in Afghanistan

Afghan security officials detained at least four people affiliated with the Gulen movement on Tuesday, according to several media outlets. The incident came hours after Afghan President Ashraf Ghani left the country to attend an Organization of Islamic Cooperation (OIC) summit in Istanbul, Reuters said.

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

Parents Reject Decision to Shut Down Gülen-inspired Schools in Morocco

Fethullah Gulen on a Global Scale

Turkish school to open many new branches in Egypt

Child of purged victim in Turkey says: I was 14 months old when my dad jailed

Turkey’s recent view from the US

Turkey detainees tortured, raped after failed coup, rights group says

Gülen offers condolences for slain İstanbul resident shot at protest

Copyright 2026 Hizmet News