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

Erdogan regime keeps defamation of the Gülen mov’t, calls it crusader organization

Ruling Justice and Development Party (AKP) Deputy Chairman Yasin Aktay has said the Kurdistan Workers’ Party (PKK), Islamic State in Iraq and the Levant (ISIL) and Gülen movement are crusader organizations that are serving the same purpose.

Turkey’s latest bombing will help its president amass more power

Mr Erdogan likes to cast himself as a cure for the chaos spreading across Turkey. Yet he is also one of its causes. Courting the nationalist vote, Mr Erdogan has ruled out peace talks with the PKK. Responding to PKK attacks against security targets in 2015, he inflamed the conflict by arresting Kurdish politicians, pulverising towns in the southeast, and displacing some 500,000 people.

A battle for power in Turkey faces resistance in Senegal

The closure of Yavuz Selim schools isn’t just a blow for its students, but also for the state of education in Senegal, a country where about one-third of children remain out of school. The schools had a reputation for excellence, ranking for years among Senegal’s best. Students got top scores in national exams, and went on to study at international universities.

Fethullah Gülen’s photo

A religious cleric, currently a popular figure who frequently appears on TV, once told me a sad anecdote.

Amnesty International researcher criticizes witch-hunt in Turkey

Amnesty International’s Turkey researcher has leveled sharp criticism against Turkey over ongoing purges that have followed a failed coup attempt in July and said arrests and firings over alleged links to the Gülen movement have now turned into a wide-ranging witch-hunt. He said arrest and detentions, which are based on no evidence, are bound to inflict damage to the notions of rule of law and freedom of expression.

International panel on Virgin Mary held in Istanbul

The international panel entitled “The Virgin Mary in the Holy Bible and the Holy Qur’an” jointly organized by Journalists and Writers Foundation’s Intercultural Dialogue Platform (KADIP), Roma Tevere Instituto and Izmir Intercultural Dialogue Center took place in Istanbul. In the final declaration of the panel, it was noted that the Virgin Mary who broke many discriminative taboos of her time played a significant role throughout history in placing women in the status they deserve.

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

Der Spiegel: Turkish consulate officials involved in spying activities not only in Germany

Fethullah Gulen’s books draw large interest in Sweden

Netherlands fires a lawyer from gov’t job due to her role in witch hunt against Gulen followers

From Poconos retreat, Muslim cleric Gulen: ‘We will oblige’ if extradited for Turkish coup

Fethullah Gülen Reiterates No Involvement In Turkey’s Controversial Coup Attempt

Erdogan Changes Tactics On Attempt To Shut Turkish Schools

Police raid successful Gülen-inspired schools in western Turkey

Copyright 2026 Hizmet News