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

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

In a blow to the government, Turkey’s highest court has overturned a law that would have closed thousands of preparatory schools linked to an influential Muslim cleric and rival of President Recep Tayyip Erdogan.

Escape from Turkey’s parallel reality

As a law-abiding citizen, I knew I had done nothing wrong to be stopped at the border. But in Turkey being a journalist from Zaman media group was enough for me to be considered an “enemy of the state.” And I was the editor-in-chief of Today’s Zaman which had been brutally taken over a few days earlier, earning me a suspended jail sentence for my tweets criticizing then-Prime Minister Ahmet Davutoğlu.

Disabled woman loses health care due to son-in-law’s Gülen links

Ömer Faruk Gergerlioğlu, a member of parliament from Turkey’s left wing pro-Kurdish Peoples’ Democratic Party (HDP), said the health care benefits of a gravely disabled woman were cut off because her son-in-law was a public servant dismissed from his job by government decree.

Does Erdogan want to be Putin or sultan?

Commentators and interviewers on the television stations that remain open now make statements such as “The time of the Turkish Republic is over. We are now starting or have already started the second Ottoman period and Erdogan is the first Sultan.”

American academic: Hizmet Movement serves for entire humanity

Speaking at a cenference in the southern province of Antalya, Soltes shared his observations about the Hizmet Movement. “I saw this on every people I met: I see that everybody, who is inspired by Gülen’s thoughts, help people with no thought of personal gain,” said Soltes adding that Hizmet Movement serves for entire humanity in the world.

Swiss investigate alleged Turkish attempt to kidnap businessman

Switzerland is investigating whether Turkish diplomats planned to drug and kidnap a Swiss-Turkish businessman as part of a crackdown after the 2016 coup attempt in Turkey, federal prosecutors said on Wednesday.

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

Slanders against Hizmet Movement at highest level, which offends Anatolians

Turkish newspaper ‘Zaman’ shuts down in Germany amid ‘threats’

Can a Post-Coup Turkey Get Along with Europe?

Kazakhstan and Kyrgyzstan Reject Turkish Calls to Close Gülen Schools

Kalashnikov-carrying police raid Gülen-inspired girls’ dormitory

Abant Platform discusses thriving relations between Turkey and Africa

Stuttgart police: ‘Boycotts of Gülen-friendly shops are potential hate crimes’

Copyright 2026 Hizmet News