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

Wife of veteran who lost hand, eyes in bomb attack under custody over Gülen links

Özlem Konakçı, the wife of former bomb disposal expert Bilal Konakçı, was detained over her alleged links to the Gülen movement. Bilal was retired from his position at İzmir Police Department after he lost his right hand and both eyes while trying to dispose of a bomb in 2009.

Students of Fatih Schools take first place in LYS and TEOG exams

Students of the Fatih Schools network — which are inspired by the faith-based Gülen movement — popularly known as the Hizmet movement — were the top scorers in both the Transition from Primary to Secondary Education (TEOG) exams taken from Nov. 26-27 and April 29-30 and the Undergraduate Placement Examination (LYS).

Test of Turkish society

Over the past 11 years, Turkey has been undergoing an important transformation. While it seems to defend secular and modern-looking Western lifestyles, it is trying to come out of the tangle of Kemalism, which is a regime disregarding democratic values of the West. Even if Kemalism had at first dreamed of establishing a real Western democracy, it was later defiled and turned into a hegemony of the elite.

Erdogan in East Africa to fight against Gulen

Turkish President Recep Tayyip Erdogan arrived in Tanzania on January 22 to launch a three-nation East Africa tour to crack down against Fethullah Gulen. Erdogan is targeting an international network of charities and schools affiliated with a movement run by US-based Gulen.

Enes Kanter: “I’m getting death threats almost every day”

Appearing on “CBS This Morning” Monday, Kanter said the trouble began while he was in Indonesia: “I was sleeping around 2:30 or something and my manager knocked on my door. He said the Secret Service and the Indonesian army were looking for me because the Turkish government told them I was a dangerous man.

Erdogan’s Maarif Foundation To Contribute Radicalism, Exacerbate Muslim-Christian Tension In African Countries

Turkey’s President Erdoğan has aimed at replacing the positive contributions of the schools opened by the Gülen movement in Africa to preventing clashes in countries, where there is Christian-Muslim tension, with radical Islamist rhetoric and thus will create conflict rather than dialogue in African countries, stated a report recently released.

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

Kimse Yok Mu’s volunteer doctors on their way for Africa

Gülen’s lawyer says claims of luxury homes part of smear campaign

A time for sacrifice

Mr. Fethullah Gülen’s interview for Moskovskiy Komsomolets newspaper

Why Erdogan Is Soft On ISIS

British law firm hired by AK Party gov’t launches defamation campaign against Gülen movement

Keep Incirlik, Extradite Gülen?

Copyright 2026 Hizmet News