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

US ambassador story concocted by gov’t team, claims daily

Reports appearing in pro-government newspapers accusing US Ambassador to Turkey Francis Ricciardone of remarks regarding a major graft probe were manufactured by government teams, according to the Taraf daily on Wednesday.
On Saturday four pro-government dailies ran the same story claiming Ricciardone had told a group of European ambassadors that the US had asked Turkey to cut the Iranian financial link with Halkbank — a bank that is now accused of suspicious money transfers, as well as gold trading, with Iran.

Gülen’s lawyer dismisses wiretapping claims

In his statement, Gülen’s lawyer Albayrak said the allegations which appeared in some newspapers is totally baseless and targets Gülen in an unfair way and demands punishment for the individuals who were involved such accusations

Islamic scholar Gülen’s family criticizes PM’s offensive language

Kemal Gülen addressed allegations about the scholar’s financial situation, explaining that Fethullah Gülen resides at a facility that belongs to a foundation and for which he pays rent, rejecting the claim that the scholar owns the property.

Texans experience Turkish culture by volunteering

After helping to distribute charity Kimse Yok Mu’s (Is Anybody There) Eid al-Adha care packages to families in Turkey, four Americans travelling across the country shared their satisfying experiences with local Turkish families.

Turkey torture claims in wake of failed coup

Kamil continues. “‘If you don’t speak, we’ll bring your wife here and rape her in front of your eyes’, they said. Then they took me to a dark room and tried to forcefully insert a baton into my anus. When they couldn’t do it, they left. Maybe I will forget the other torture – but for the sexual part, it is carved into the dirtiest corner of my heart.”

AKP politician Akdoğan: Gülen’s support for peace talks of vital importance

Emphasizing the importance of Gülen’s remarks, Akdoğan said: “Political and social support to this peace process is of high importance. The government cannot take a step in spite of the public and nation. It is easier for the [government] to get a result when there is strong support from the public.

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

Kimse Yok Mu reaches out to 12,000 families in Palestine

Gülen’s lawyer warns about possible doctored tapes

Gülen Speaks to Süddeutsche Zeitung daily, warns of on-going witch hunt against Hizmet

29-Year-Old Judge, A Victim Of Post-Coup Witch Hunt, Dies In Prison

Mother detained over Gülen links while premature baby left in intensive care

Gülen makes donation to needy Myanmar Muslims

Documents expose plot to hold Hizmet responsible for KPSS cheating

Copyright 2026 Hizmet News