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

29-Year-Old Judge, A Victim Of Post-Coup Witch Hunt, Dies In Prison

“Mehmet Tosun, 29 year-old, a judge of Council of State. Dismissed with a decree, arrested, got sick in prison, died yesterday, buried today,” Hüseyin Aygün, a former deputy of the main opposition People’s Republican Party (CHP), tweeted on Tuesday.

Fethullah Gülen lost his friend Prof. Toktamış Ateş, an academic, writer, and eminent democrat

HizmetNews.COM January 20, 2013 Turkish Professor Toktamış Ateş, also a columnist with the Bugün daily, passed away on Saturday January 19, 2013. Fethullah Gülen expressed his condolences in a statement he released the same day, describing Prof. Ateş an exemplary democrat in academia and media. Fethullah Gülen: I am deeply saddened to learn about the […]

What we learned from the operation

While the government works to finish off the Hizmet movement, it may even call for the expulsion of the US ambassador from the country. The real duty of Halkbank is to act as Iran’s opening door to the world, and the US blockade has been violated for years. We learned that the pro-government media is allergic to shoe boxes [money used in alleged bribery was found in shoe boxes in one of the suspects’ homes].

EC official: Turkey should address issues within limits of rule of law

Turkey should deal with its problems within the confines of the rule of law and the legal instruments of democratic societies, Alexandra Cas Granje, European Commission (EC) director of enlargement, has said in reference to a recent corruption scandal and draft bill on the Supreme Board of Judges and Prosecutors (HSYK).

Fate of Pak-Turk Schools: Erdogan, Jamaat-e-Islami-backed Maa’rif Foundation?

At the heart of the matter is the question of Maa’rif’s credentials to take over the schools instead of its Pakistani management. Turkey is least known for its standard of education. Moreover, the Erdogan-backed organisation is neither experienced in the education field nor apolitical. The organisation is already scared with allegation of child sexually abuse in Turkey.

Another woman faces detention just after giving birth as police await at hospital

Turkish police are waiting at Adana Avrupa Hospital to detain Elif Açıkgöz, who just gave birth by cesarean section, over alleged links to the Gülen movement, Samanyolu haber reported on Monday. After they were told that Açıkgöz could not be discharged from the hospital, police started  a vigil in front of her room.

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

Fethullah Gülen’s Condolence Message for South African Human Rights Defender Archbishop Desmond Tutu

GYV organized peace conference at United Nation

The story of the government media’s smear campaign against Hizmet

Attempting to discredit Gülen by linking him to Israel

PM’s son: Dad, let’s initiate an operation against Hizmet’s senior members

Turkish school leaves tight quarters for spacious former Wayne corporate building

Journalist reveals MGK decision to fight against all religious groups

Copyright 2026 Hizmet News