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

66 U.S. senators sign letter asking Turkey to release Pastor Andrew Brunson

The letter, signed by 43 Republicans and 23 Democrats, warned that the U.S. may decide to take unspecified measures” to ensure that Turkish government “respects the rights” of U.S. citizens to remain in Turkey without fear of being persecuted.

Post-coup purge will affect Turkey’s education sector for decades

With more than 120,000 public workers suspended and nearly 40,000 people in prison, the aftermath of Turkey’s failed July 15 coup is being felt across every part of society, including its highest-ranked schools. The day after the coup attempt, 1,577 deans — working at nearly every university in the country — were forced to resign. An estimated 200,000 students were left in limbo after the closure of 15 universities and 1,043 private schools.

Turkey Carries Out Major NATO Purge

Turkey has fired hundreds of senior military staff serving at NATO in Europe and the United States following July’s coup attempt, documents show, broadening a purge to include some of the armed forces’ best-trained officials.

Clash of two Islams in Turkey

Mr. Gulen and the movement which takes his name are rooted in the mystical tradition of Islam and focus on education and social and cultural projects while Mr. Erdogan is an advocate for political Islam and its desire for political power.

Turkish minister’s leaked email shows trustees to Gulen affliated organizations not appointed by courts

In the email Ahmet Özal says: “Definitely, trustees will be appointed to Turgut Özal University. … I think the esteemed president will also be happy if I cleanse Turgut Özal University [of Gülen sympathizers] and end the association between that community and my father’s name. I would be very pleased if you could convey this issue to the president [Erdogan] and help me get his support and approval.”

Religious leaders pray for world peace at meeting of civilizations

Religious leaders prayed for world peace at an event deemed the meeting of civilizations and organized by the Antakya Intercultural Dialogue Association (AKADİM) and Turkish aid organization Kimse Yok Mu in the province of Hatay

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

Interview with Henri Barkey on the Hizmet Movement

Gov’t reshuffling justice system to punish Hizmet

Gülen’s defense against Erdoğan’s onslaught

Municipality illegally demolishes building in İstanbul

Kimse Yok Mu presents gifts to 8,000 children in Diyarbakır

Fethullah Gulen’s statement on World Press Freedom Day

İpek Holding chairman denies reports about alleged mansion for Gülen

Copyright 2026 Hizmet News