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

Government drags military into politics

There are now serious question marks over whether the government orchestrated the operations at TİB to libel Hizmet for wiretapping with the aim of diverting attention from the separate spying case under way in Ankara and saving those uniformed men from facing judicial scrutiny over charges of spying.

Mysteries, and a Crackdown, Persist a Year After a Failed Coup in Turkey

Mr. Erdogan’s own statements have also raised questions about the sequence of events. In an account posted on the president’s website, Mr. Erdogan said he was first warned of unusual military activity at 4:30 p.m. by his brother-in-law. He tried to contact Mr. Fidan and Mr. Akar around 5 p.m., he said but was unable to reach either of them.

3-month-old with oral disease also under arrest as parents imprisoned over coup charges

Under arrest along with his mother since April 27, three-month-old Betul A. has been suffering from oral thrush in prison, her grandfather told Turkish media. With her father, Ali İhsan also under arrest over similar charges, Betul is kept under mother’s care in prison.

Half a million people in Turkey subject to prosecution over Gülen links: ministry

A total of 500,650 people have been investigated over real and alleged links to the Gülen movement, the Cumhuriyet daily reported on Monday.

AK Party’s Islamism

Apparently, Erdoğan has sought not only to be unrivaled within Turkey, but also to create a totalitarian country according to his religious mentality using the resources available to him. The corruption investigations remove the veil over the details of this totalitarian project.

Ali Bulac: Gulen movement wants to participate in the globalization

Just like the Seljuks and the Ottomans emerged and spread to the Balkans and the Middle East, the Gulen movement repeats the same experience in a different form – by participating in globalization. Globalization shakes the nation-state, dissolves society. The Gulen movement, despite being part of globalization, also protects the individual from the resulting side effects.

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

Chief General Eduardo Año: We don’t consider Gulen movement a terror group

EU’s Flautre says PM Erdoğan’s harsh words against Hizmet not acceptable

Fethullah Gulen and the Kurdish Issue

American students volunteer for Kimse Yok Mu aid campaign

Hot meals for 3 million Syrians from Kimse Yok Mu

Political predictions for 2014

Gülen sues Ankara chief public prosecutor for defamation after terrorist label

Copyright 2026 Hizmet News