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

The Gülen movement as the victim of an orchestrated smear campaign

When the Justice and Development Party (AKP) took office in 2002 under the leadership of Recep Tayyip Erdoğan, the party’s commitment to democratization was promising. As many political scientists agreed, the first years of AKP rule were a success story, and that was why, with its secular multi-party democracy and its Muslim character, Turkey had emerged as a role model for the Muslim world.

Erdoğan gov’t signals change to allow re-trial of officers

At public rallies, Erdoğan has been floating a claim that a gang within the state is attacking his government in the name of corruption. He claimed he has evidence with regard to this group and wanted to expose this evidence soon.
Erdoğan has not offered any evidence so far indicating that such a group acting in violation of the law operates within the judiciary or police force.

Complainant says he was ‘fooled,’ apologizes to suspects in trial targeting Gülen followers

Thirteen suspects who were detained as part of an operation targeting followers of the Gülen movement in the central province of Sivas were released after the complainant in the case apologized to them at court and withdrew his complaint, saying he was “forced” by some to launch the case.

Are Turkey’s Prisoners Hostages?

Rumors have circulated throughout Turkey that, under the guise of averting a prison riot, Erdogan might order his forces to fire on the prisons. It is not a scenario beyond the realm of possibility; after all, the late Libyan dictator Muammar Gaddafi did something similar, killing more than 1,000 political prisoners.

Turkish editor hits out at media coercion under Erdoğan

Segments of the Turkish media remain fiercely anti-government, however, including secularist dailies Sözcü and Cumhuriyet, and more recently Zaman and Bugün, which are close to Gülen and have become more critical since the graft scandal erupted.

Gulen-linked org’s statement on Turkish Govt’s arrest of pro-Kurdish Parliamentarians

AfSV Statement on Turkish Government’s Arrest of HDP Parliamentarians  Erdogan’s Persecutions Underscore Authoritarian Slide New York (November 9, 2016) – The Alliance for Shared Values is deeply concerned about the arrests of nine members of Turkish Parliament from the pro-Kurdish People’s Democratic Party (HDP), including the party’s co-chairs Mr. Selahattin Demirtas and Ms. Figen Yuksekdag. […]

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

Behind the war over prep schools [in Turkey]

Human Rights Foundation asks Kosovo PM to free 6 Gulen followers

The follower of Hizmet

Pro-Erdoğan troll calls on gov’t to execute Gülen followers

Row between Turkish government and Gulen Movement takes new twist

Fethullah Gülen: ‘I have no other goal than to please God’

Switzerland: Number of Turkish asylum-seekers more than doubles

Copyright 2026 Hizmet News