Trustees were appointed to manage İzmir-based construction company Teras Yapı as the firm’s owner was detained as part of an investigation into the Gülen movement.
The owner Haldun Bilek was taken into custody and an İzmir court ruled on the takeover of his company, Turkish media reported on Tuesday.
According to its website, Teras Yapı is specialized in fence and floor subsectors.
Turkey survived a military coup attempt on July 15 that killed over 240 people and wounded more than a thousand others. Immediately after the putsch, the government along with President Recep Tayyip Erdoğan pinned the blame on the Gülen movement.
TMSF said in early December that a total of 691 companies had been seized to date by the government due to alleged links to the movement.