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

Fethullah Gulen: Turkey’s Eroding Democracy (op-ed in NY Times)

It is deeply disappointing to see what has become of Turkey in the last few years. Not long ago, it was the envy of Muslim-majority countries: a viable candidate for the European Union on its path to becoming a functioning democracy that upholds universal human rights, gender equality, the rule of law and the rights of Kurdish and non-Muslim citizens.

Turkey’s Erdogan and unending human rights repression

The judiciary, media organisations, opposition parties, civil servants, charity groups, just to mention a few, are being subjected to a daily dose of massive abuses and suffocation in Turkey under President Recep Tayyip Erdogan. The recent catch to the abuse list is the sacking of medical professionals, scientists, and other academics from universities.

Once shut down by Taliban, now Afghan gov’t plans to hand over successful Turkish Schools to Turkish Gov’t

Afghanistan president Ashraf Ghani has agreed to hand over the Afghan-Turk schools, previously run by a pro-Gulen institution, to the Turkish Education Foundation which is a governmental institution. This step has, however, not been welcomed by the affected schools. Officials of the schools have warned that the move would lead to closing the schools and damage the quality of education.

Asylum for Fethullah Gulen Movement Supporters?

Gulen movement supporters who have been persecuted or who fear persecution in their home country due to an association with the movement should qualify for a grant of asylum in the U.S. on the basis of both religion and political opinion. Even those who are not closely associated with the movement, but who fear persecution because the government falsely accuses them of involvement, should have strong cases for asylum.

Why Gulen-sympathizers with their babies risk death to flee Erdogan regime

There is a reason why Turks risk death to flee with their babies. It’s not that they are looking for a better life. They are fleeing torture and life imprisonment.

Why did Turkey seize Bank Asya?

In September 2014, in an address to the Turkish Industry and Business Association, Turkish President Recep Tayyip Erdogan made the following statement: “No effort is underway to cause the bankruptcy of a bank. That bank is already bankrupt. They are carrying water by hand to keep it afloat.”

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

Conferences on Hizmet movement in Egypt attracted masses

Despite pressure, Pak-Turk schools won’t be shut

Kurdish intellectuals denounce attack on Şırnak educational institution

‘Consider your husband dead, start a new life,’ prosecutor tells detainee’s wife

Turkey’s picture on freedom of the press bleak on WPFD

Madeleine Albright’s remarks about Gulen Movement

Ongoing tussle: Students, parents protest closure of Pak-Turk School in Khairpur

Copyright 2026 Hizmet News