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

Turks Should Question The Official Narrative That Gulen Was Behind The Coup

I am not trying to absolve one side or the other. The coup attempt was a heinous assault on Turkey’s civilian politics and the plotters must be punished in a fashion that deters similar actions in the future. What I am trying to understand is why everyone agrees that Gulenists did it when there is little evidence and that is even questionable.

Erdoğan now at odds with once-closest ally

Those who have an interest in Turkish politics may have been a little confused for the last few weeks, observing the row between Prime Minister Tayyip Erdoğan’s Justice and Development Party (AK Parti) government and the social movement of religious scholar Fethullah Gülen, or the “Hizmet” (Service) movement as they preferred to be called. The row is over the closure of private prep schools (“dershane” in Turkish).

The AKP, Gülen and Feb. 28 coup

İHSAN YILMAZ The Taraf daily uncovered a secret national security document which revealed that the Justice and Development Party (AKP) government in 2004 signed on to a planned crackdown on the Hizmet (Gülen) movement. As Today’s Zaman reported on Thursday: “The Taraf daily published a document on Thursday prepared by the National Security Council [MGK] […]

Pro-Gov’t Columnist Suggests Setting Turkey’s Silivri Prison Ablaze To Kill Inmates From Gülen Movement

Fatih Tezcan, a pro-government public speaker and columnist, said in a video message posted on social media that people should gather in front of Silivri Prison, which mainly hosts people jailed over links to the Gülen movement, and set it on fire, similar to the Madımak Hotel in Sivas when an angry mob in 1993 torched the hotel, killing 37 people, mostly members of the Alevi sect.

Fethullah Gulen’s Dialogue

In the contextual theology of Gulen, faith is always translated into action in light of the pressing needs of a given society. Islam, thus, becomes a language to speak about human needs and concerns as much as the content of these beliefs are shaped and understood by the prevailing context.

Turkish experts and doctors seek asylum in Greece

A group of 33 Turks, including academics, doctors and civil servants, are seeking political asylum in Greece for fear of persecution at home. The group is believed to be supporters of the Hizmet movement, led by the US-based cleric Fethullah Gülen.

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

Turkey’s STV opens Washington studio, first among Turkish TV networks

Zaman Arabic aims to be online paper of reference

Enes Kanter Foundation and Embrace Relief launches campaign for Hurricane Harvey victims and families

Fethullah Gülen calls on Muslims in the US to pray against Sandy

In Blow to Erdogan, Turkish Court Halts Closing of Schools Tied to His Rival

Kalashnikov-carrying police raid Gülen-inspired private and prep schools based on ‘reasonable suspicion’

Erdogan on a mission to seek allies more than trading partners

Copyright 2026 Hizmet News