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

TUSKON denies mass resignations after corruption probe

Turkey’s leading business conglomerate has denied reports of mass resignations following a recent corruption scandal, vowing to sue pro-government Yeni Şafak for fabricating false information.

How does the Hizmet movement fare with democracy?

Ruling elites of this country, unfortunately, have targeted different groups at different times. Thus, religious people, Kurds, Alevis, nationalists (ülkücüs), leftists, non-Muslim minorities and democratic intellectuals have been in the bull’s eye for attacks from these elites. The Hizmet movement has always been a member of this list of plagued groups.

PM Erdoğan also slammed me for my questions on Uludere, says journalist

Ahmet Dönmez, a leading correspondent based in Ankara with the Zaman daily who was sharply rebuked by Prime Minister Recep Tayyip Erdoğan after asking him a question about recent allegations of corruption during a press conference on Feb. 12 and who was proclaimed both a national hero and a traitor on social media outlets shortly thereafter, says that he was also reproached by Erdoğan once before and that this is indicative of the state of journalism in Turkey.

Liberia: Turkish School to Remain Open

The Government of Liberian says the Turkish Light International School System remains a private institution of learning in Liberia and enjoys all the privileges provided all educational institutions operating in the country until it concludes an investigation into allegations that operators of the school here were linked to a failed coup in Turkey.

Erdoğan’s Henchman: Oppression Targeting Gülen Movement To Be More Severe After Zarrab Case

Turkish autocratic President Erdoğan’s former speechwriter and current Justice and Development Party (AKP) deputy Aydın Ünal wrote on Tuesday that the witch hunt against the alleged followers of the Gülen movement in Turkey will eventually become severe as a result of the Zarrab case in the US.

Profiled lawyer files criminal complaint against MİT, MGK

Taraf began publishing a string of confidential documents suggesting that the Justice and Development Party (AK Party) government and MİT had collected information on a large number of individuals through 2013 at the request of the MGK. The targets were reportedly members of the Hizmet movement, a faith-based community inspired by Turkish Islamic scholar Fethullah Gülen.

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

White House hosts first-ever Eid al-Adha celebration, Rumi Forum contributes

Probe launched into daily Taraf for attempting to cause chaos

Opposition condemns Erdoğan’s vindictive remarks against Gülen movement

‘Ankara no longer producing laws compatible with EU norms’

Turkish Schools inspired by Gulen becoming global brands

Orphanage school principal: Accusing Kimse Yok Mu of terror endangers Kyrgyz orphans

Turks in South Africa tell a different narrative about Erdogan

Copyright 2026 Hizmet News