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

CHP asks gov’t about file allegedly targeting TUSKON

Complaints over the past month from the Turkish Confederation of Businessmen and Industrialists (TUSKON) over increased political pressure and profiling of its members have now been conveyed to Parliament, with the CHP demanding a governmental explanation on the issue.

Another dismissed gov’t employee abducted in black van in Turkey’s capital: wife

Yet another post-coup victim was forced into a black van in broad daylight in Turkey’s capital province of Ankara, according to a family member.

Turkish nationals in Bangladesh living in fear

In a recent press conference, Ambassador Devrim Öztürk claimed that some Turkish nationals in Dhaka, in particular those working at the Turkish Hope School, were involved with what he called the Gülenist Terror Organisation (FETÖ). Foreign Ministry officials who spoke to the Dhaka Tribune said they saw the ambassador’s request as a violation of diplomatic norms.

Appeals court unanimously upholds Fethullah Gülen acquittal

METIN ARSLAN The Supreme Court of Appeals has upheld the acquittal of Fethullah Gülen, first issued by the Ankara 11th High Criminal Court. The 9th Criminal Chamber of the Supreme Court of Appeals reached the decision unanimously, stating that there was no inconsistency in the ruling of the 11th High Criminal Court, adding that it […]

Will Malaysian Prime Minister Najib Allow Kidnappings In His Country?

The recent politically motivated kidnapping incidents backed by the Turkish authorities which targeted the followers of Gulen movement in Malaysia raise serious questions about the standards of the rule of law, civil liberties, the individual rights and quality of the political system of Malaysia.

As Turkey’s war on Gulen escalates, so does impact on Africa

While critics say that Gülen is at best a cult figure, he is considered by many the legitimate spiritual leader of an Islamic movement that is focused on humanitarian service – hence the common name Hizmet – as well as interfaith dialogue and education.

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

Why so merciless on yourself?

Can the West believe in Islamic progress?

Grade 12 Pupil Receives A Bronze Medal At 61st International Maths Ambassador

The end of ‘unshakable’ AKP myth

Can the EU be blamed for Erdoğan’s authoritarianism?

Opposition expresses concern for security of free and fair elections

Fethullah Gülen expresses thanks for condolences extended after brother’s death

Copyright 2026 Hizmet News