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

Doğan: Gülen stood against anti-cemevi campaigns

Cem Foundation President İzzettin Doğan has said that Gülen supported the construction of cemevis (Alevi houses of worship) when signature campaigns were launched against the cemevis in some regions of Turkey.

Turkey – Baby with Down syndrome suffers major health problems in absence of jailed parents

A 15-month-old baby with Down syndrome, Ayşe Sena Bunlu, has been suffering from serious health problems ever since her parents, both of whom are police officers, were purged from their posts and jailed in the aftermath of a failed coup attempt in Turkey on July 15, according to a story in the Tr724 news portal on Friday.

Turkey’s president is using the failed coup as an excuse to snuff out secular democracy

In the immediate aftermath of the Turkish military’s attempted coup on July 15, the international community responded with relief. While many people within Turkey and outside of it are no fans of Recep Tayyip Erdogan’s authoritarian regime, the bloodshed and chaos that would have resulted from a government overthrow seemed like the worse of two options.

[Caliphate in sight] What to expect in 2014 Turkey

Well, under normal circumstances Erdoğan would get neither himself nor his government involved in what looks like plain bribery. But the situation would be completely different if the underlying assumption of the government is that Erdoğan is the de facto caliph.

Erdoğan’s personal propaganda tool, the MGK

Erdoğan has asserted that the Gülen movement is to be included in the Red Book as a “prioritized threat.” But never mind the fact that he acts and speaks as though this has all been decided upon already. The fact is, he does not have the proper authority to do this. What’s more, there is absolutely no document or piece of information that would support such a move.

Police, inspectors raid Gülen-inspired schools in Manisa for 3rd time

Police officers and inspectors from 15 government agencies have raided Gülen-inspired private schools in the western province of Manisa for the third time, as part of a government-orchestrated operation targeting the faith-based Gülen movement, popularly known as the Hizmet movement.

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

In Houston, a celebration: Silk road festival

Turkey Heads Toward Radical Islamic Dictatorship

Gülen’s lawyer: Targeting overseas Turkish educators breaks law

Actually, the president is electing his republic

Fethullah Gülen’s prospects for inter-religious dialogue

Turkey’s latest bombing will help its president amass more power

As Gulen movement contracts in Africa, worry over who will fill the vacuum

Copyright 2026 Hizmet News