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

Hizmet Movement is not interested in attaining political power in Turkey or elsewhere in the world

[Erdogan] has called Hizmet a state within a state, which to me is a strange characterization. To me, that’s like saying that the Catholics are a state within a state in America, or the Jews, a state within a state in America. Those kinds of statements are derogatory, they’re pejoratives. Catholics have a right to seek influence in America; Jews have a right to seek influence in America, that’s how we operate here.

Egypt Today’s interview with Fethullah Gülen, home sickness and fabricated coup

It seems that there is no one left to say “enough” to Erdogan, most of the people who tried to stop him before are now in jail, and if the opposition can’t find a way to defend the civilian and constitutional rights then it’s completely useless. Some of them used to ignore the regime’s injustice just because they weren’t targeted by its actions, but they didn’t know that it will get to them one day as well.

Hizmet and Turkey’s relations with Nigeria

Apart from establishing most successful educational institutions in Nigeria, the Hizmet Movement, which is also referred to as Gulen Movement, has been in the fore-front in propagating modern face of Islam, while at the same time building bridges of peace through interfaith dialogue.

Turkish purges leave armed forces weak, dismissed officer warns

NATO’s supreme allied commander in Europe, General Curtis Scaparrotti, said in December that he never had any reason to suspect that Turkish officers in his teams would be involved in a coup attempt. In their absence, and without their expertise, the capacity of his staff had been “degraded,” he told the Financial Times and Deutsche Welle.

It’s clear that deportation of three Turks is to please Turkey’s president

If the three Turks are supporters of Gulen, then there is no case for Malaysia. Gulen is not a terrorist but merely a powerful thorn on the side of the Turkish dictator Tayyip Erdogan. Just because the three opposed the government of Erdogan was not sufficient reason for Malaysia to arrest and deport them. Malaysia is merely doing the “dirty” job for Erdogan.

Under Erdogan oppression, autocracy rules in Turkey

A day after Turkey’s notoriously repressive regime led by an autocrat president issued sweeping arrest warrants for 42 journalists on July 25 on all sorts of trumped-up charges, I decided that the time had come for me to pack up and move out of the country.

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

Doesn’t Obama know Gülen is in the US?

Why is the Turkish PM Erdoğan having difficulty?

Gülen’s lawyer likens hate campaign against his client to Nazi era

Foreign students express bewilderment over gov’t bid to close Turkish schools

Fethullah Gulen: ISIL Actions, Disgrace to Faith

Former director of Turkish schools in Pakistan and his family kidnapped

Ramadan aid cheers up Sudanese orphans

Copyright 2026 Hizmet News