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

Lynching campaign: Democratic stance of Zaman and Today’s Zaman

We have been observing a systematic campaign of lynching in social media against Zaman and Today’s Zaman. Zaman has been on the side of democracy since it was launched. To this end, it has supported the democratic reforms that Turgut Özal initiated as well as the EU membership bid and the AK Party’s democratic reforms. Zaman has never wavered in its democratic stance despite all direct and indirect pressures.

Pakistan Today Editorial: The Turkish connection and Turkish schools

Surely nobody at the joint session really believed Mr Erdogan’s warning about the threat the so called Gullen Network presents Pakistan. No doubt the Turkish president really believes the Network – which ran schools here till just before his visit – is just as dangerous for Pakistan as al Qaeda, etc.

Gulen, Erdogan and democracy in Turkey

Previously, most observers had wrongly assumed that these groups were inherent allies because of their faith-based worldview. In sharp contrast to this misperception, these groups came from entirely different pasts and political orientation, although they share a common interest in free market economy and cherished upward socio-economic mobility.

Prof. Nanda: Extraditing Fethullah Gulen to Turkey would erode the rule of law

Turkey’s strategic importance cannot be overestimated. However, Erdogan’s personal friendship with Trump alone cannot resolve the difficulties. Even if Trump may be willing to find a way to extradite Gulen or find another country to accept him in order to placate a NATO partner for geopolitical reasons, he must not. The damage to the rule of law would outweigh any benefit Trump hopes to gain from such an action.

Kosovo’s Parliament supports commission to probe deportation of six Turks

Kosovo Parliament has on Tuesday voted to establish a commission to investigate how and why six Turkish citizens, suspected of being members of Fetullah Gulen movement, were arrested and deported to Turkey.

119 people in Turkey died due to crackdown on Gülen movement in 2019 (430 people died since 2016)

At least 119 people lost their lives in Turkey due to an ongoing government-led crackdown on the Gülen movement. Many people including children have drowned in the waters of the Aegean Sea or the Maritsa River while trying to flee the crackdown.

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

Alienating Turkey

Brazil court orders release of Gulen-linked businessman accused by Ankara of terrorism

Govt Brushes Of Claims Of Terrorism At Afghan-Turk Schools

Gülen’s followers banned from mosque in Germany

Woman looking after disabled children alone as prosecutor husband under arrest for 270 days

Turkish doctors save lives in the Philippines

Kimse Yok Mu offers vocational training for Kyrgyz orphans

Copyright 2026 Hizmet News