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

Turkish Airlines stops distribution of Zaman and Today’s Zaman on its planes

Turkey’s flagship carrier Turkish Airlines (THY) has put an embargo on dailies affiliated with the Fethullah Gülen Movement, which has been in at odds with the government over an ongoing corruption investigation. The airline, 74 percent of which is owned by the state, had already stopped delivering the English-language daily Today’s Zaman in airport terminals and on planes before slashing the distribution of its Turkish sibling, daily Zaman, by two-thirds.

Concluding statement of the International panel on Mary announced

The international panel, titled “Mary in the Holy Scripture and Qur’an,” which was jointly held by the Journalists and Writers Foundation’s (GYV) Intercultural Dialogue Platform (KADİP), the Tevere Institute and İzmir Intercultural Dialogue Center (İZDİM), was concluded with a statement.

Mind-polluting leaks about Hizmet movement

The Taraf daily has performed extraordinarily in the fight against the bureaucratic oligarchy. Its contributions to the process of cleaning up the back alleys of the country cannot be ignored. However, it appears that it has started to make several errors due to its skyrocketing self-confidence. BÜLENT KORUCU March 8, 2012 Add to this overblown […]

The end of ‘unshakable’ AKP myth

For the last couple of days, the codes and rules, which have been turned upside-down by Turkey’s ruling AKP, have become hard to keep up with since the AKP was forced to fight a self-created “monster.” The option for a snap election call seems the wisest option for his party but stakes are high over there too if he fails in his traditional “victimization” rhetoric, which worked well in many previous crisis, to convince his electorate.

Journalists seek asylum in Canada amid Turkish crackdown

Duncan Pike of the Toronto-based Canadian Journalists for Free Expression said the decline of press freedom in Turkey has been a growing concern as the Tayyip Erdogan regime continues to use the coup as a pretext to crack down on opposition critical of his government. “Reporters are stripped of press credentials. Publishing houses are closed down. Authors, journalists, teachers and academics are detained and investigated,” said Pike.

25 World Rights Groups Demand Turkey Scrap Emergency Rule

At least 25 leading international rights groups in various fields, human rights and media, have called for an end to certain measures of emergency rule in Turkey, warning against gross human rights violations and endangering the basic tenets of democracy and the rule of law.

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

Central bank data disprove interior minister’s rigging claims

Medialog Platform hosts digital media experts from Europe and Asia

Wife says dismissed police chief left to die of colorectal cancer in İzmir prison

Former Fenerbahçe chairman Ali Şen’s grandson killed in car crash

Turkish PM’s wife praises devotion of Prague school’s teachers

Turkish language and culture festivals held in three countries

The work of peace

Copyright 2026 Hizmet News