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

OKC Thunder’s Enes Kanter laughs off being called a terrorist by Turkish government

OKC Thunder center Enes Kanter has been accused in Turkey of being a terrorist and has a warrant out for his arrest, according to a report from a pro-government Turkish newspaper.

Turkey’s Opposition Fails a Critical Test: To Challenge Erdogan

The CHP’s inability to seize the moment and strongly condemn the arbitrary extent and nature of the purges from the start was a critical failure, and one that serves to undermine its integrity and sustainability as an opposition force. Despite tentative but welcome signs from the CHP towards highlighting the exponential injustices of Turkey’s ongoing purge, it still seems like a classic case of acting too little, too late.

Turkey’s New Constitution Would End Its Democracy

In practice, a revised constitution would make it much easier for Erdogan to consolidate power entirely, taking Turkey out of the democratic column and making it into a dictatorship, pure and simple.

Erdogan’s Turkey: ‘You are either with us or you are terrorists’

Despite Erdoğan’s ‘terrorist’ label, the West looks at actions and concrete evidence rather than just words. Hizmet movement participants have not been involved in one single violent incident throughout the movement’s 50-year history.

Pakistan: Parents oppose handing over school chain to Turkish NGO

Bilal, a parent, told media that the network consisted of 28 schools and colleges in 10 cities of the country with a staff strength of 1700 including 108 Turkish teachers, teaching around 12,000 students from pre-school to A level. Since 1995, he added, the schools have been giving quality education to Pakistani students with no political motivation or illegal activity.

GYV lashes out at ‘traitor’ label for attending EU ambassadors meeting

The Journalists and Writers Foundation (GYV), in a written statement, has denounced some media outlets’ labeling the body a “traitor” over its attendance at the traditional lunch meeting of the EU ambassadors. The statement criticized the allegations published in some media outlets which “in an effort to distort the truth and smear the foundation” said the GYV betrayed the country by attending such a meeting.

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

Dr. Jill Carroll speaks on Fethullah Gulen and The Gulen Movement

What befell Niyazi-i Misri in the past is happening to Fethullah Gülen now

Michael Rubin: I realize I may have misread the Gülen movement

Freedom House says security package undermines democracy in Turkey

Education in Mother Tongue: Eventual Solution to the Problem

“Peace and Sustainable Development: A Two-Way Relationship” Panel

Zaman launches satirical magazine, defying pressure with humor

Copyright 2026 Hizmet News