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

Discrimination by AKP government [against Hizmet movement]

Discrimination by the Justice and Development Party (AKP) government, which argues that it has addressed this issue vis-à-vis religious people, has never been analyzed. The recent row between the AKP and the Hizmet movement refers to an important and interesting fact, because it reveals this reality. In light of these discussions, bureaucrats who have been discriminated by the AKP government because of their views are now talking.

Grand stage shows by Turkish Olympiad students enthrall İzmir locals

İPEK ÜZÜM, İSTANBUL Students coming to Turkey from all around the globe for the 11th International Turkish Olympiad — a festival that celebrates the Turkish language and which this year has brought together 2,000 students from 140 countries — fascinated thousands of locals in İzmir with their stage performances on Sunday night. A very large […]

Turkey confiscates $billions worth more than 200 companies in operations targeting Gülen

The government-run Savings Deposit Insurance Fund (TMSF) has taken over more than 200 companies as part of investigations into the Gülen movement in the recent past. Akın İpek, the CEO of Koza İpek Holding until the confiscation, said 18 of the group’s confiscated companies alone worth over $10 billion.

Dozens detained in gov’t witch-hunt against Gülen movement

As part of an escalating witch-hunt against groups affiliated with the Gülen movement, the police have arbitrarily detained dozens of people across the country, including human rights defenders and philanthropists, using bullying tactics and unlawfully cuffing law-abiding citizens.

Will Turkish corruption scandal lead to return of military to politics?

The tactics the government has developed to defend itself against the graft investigations and their implications have once again brought the role of the military, military tutelage and potential coup attempts back onto Turkey’s agenda.

Turkish people upset that democratic progress is being reversed: Islamic scholar Gülen

The Turkish people are upset that democratic progress has gone into reverse over the last two years, Islamic scholar Fethullah Gülen has said, speaking in his first interview since the graft probes that have damaged the government and widened the rift between his movement and the ruling Justice and Development Party (AKP).

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

Turkish journalist tells Staten Island group about censorship in his country

Portrait of an Anatolian Muslim with no schooling*

US under Trump still highly unlikely to extradite Gülen

Another suspicious death: Doctor dies of heart attack in prison

Turkey Now Back in Africa with Turkish Schools

University entrance exam results announced, top scorers from Gülen-affiliated schools

Gülen condemns ISIL atrocities in ads in leading US newspapers

Copyright 2026 Hizmet News