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

It’s not about a conflict between the government and Hizmet movement

Insanity ripples through the country, the media and the people. If graft or corruption is the prevailing form of life spreading from the state to society, and if this form of life is supported by people, then we are hitting the bottom day by day. A prosecutor can say “We can detain 500 thousand people if necessary” and still hold his post as if he said quite an ordinary thing. Whereas in Europe mental health of such a prosecutor would be called into question and most probably examined.

Gülen slams pro-gov’t media for disseminating lies and blasphemy

Turkish Islamic scholar Fethullah Gülen criticized on Monday the pro-government media in Turkey for spinning the truth and disseminating lies while trying to justify senior officials’ blasphemous remarks. In a speech published on herkul.org, Gülen said a true believer can never lie as lying is the characteristic of the non-believer.

I feel fooled, upset, hurt

Recent statements by Prime Minister Recep Tayyip Erdoğan aired by the ATV TV station upset, surprised and hurt me. I felt fooled and surprised, because despite the decision made by the Cabinet two days ago, the prime minister made a clear statement: “There is no way back. The draft will be reviewed.” Everybody is taking a test now; only our Islamic attitude, stance, love, tolerance, humility and style will save us.

Neither Erdoğan nor EU the same after five years

Erdoğan is going to Brussels as the prime minister of Turkey who doesn’t even have ambassadors in three of its region’s important capital; Cairo, Tel Aviv and Damascus. A negotiation chapter was opened in November 2013 after a three-year freeze. Erdoğan had to sack the former EU minister from the cabinet because of the allegations in relation with a major graft probe in December 2013 and appointed Mevlüt Çavuşoğlu to that post.

The Hizmet movement and participatory democracy

The Hizmet movement’s objections make an important contribution to the formation of participatory democracy in Turkey. So far, Turkish democracy was a game among political parties in the absence of a strong civil society and market actors.

Turks fleeing post-coup reprisals find shelter in Pittsburgh

Until this summer, Cetin Gul of Istanbul, Turkey, worked as a videographer for a company that did promotional work for clients that included a charity organization. That charity, Hizmet, is associated with the movement of Fethullah Gulen. After a deadly and unsuccessful coup attempt by some in the Turkish military in July, the government began suppressing organizations associated with him. “Because of the direct association with Hizmet, I was a direct target,” Mr. Gul said.

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

Pacific Dialogue Platform in Philippines was opened with Iftar

Kimse Yok Mu aid cheers up Albanian community in Petrella

Turkish Twitter war over education

Profiled lawyer files criminal complaint against MİT, MGK

The Scale of Turkey’s Purge Is Nearly Unprecedented

Arınç says Gülen’s offer to hand over prep schools ‘sacrifice’

Mother of 6 under arrest as police fail to locate husband suspected of Gulen links

Copyright 2026 Hizmet News