Asset Recovery Management Company Sells 4,500-Hectare Plot Linked to Kairat Boranbayev
Photo: Mcdonalds.kz, ill. purposes
Kazakhstan’s Asset Recovery Company (CMRA) has announced the successful sale of a land plot in the Almaty region that previously belonged to one of Kairat Boranbayev’s companies, Orda.kz reports.
According to CMRA, the auction on August 13 saw one of the plots offered under the asset recovery program sold for 217 million tenge — the same price it was listed at.
The property is agricultural land in the Qarasay district, near the village of Shamalgan, with an area of over 4,500 hectares. Public records indicate it was formerly owned by the Almaly holding, founded by Boranbayev.
Under established rules, within ten business days after the auction ends, the buyer and seller will sign a purchase agreement. The property will be transferred only after the full amount is deposited into the seller’s account. Proceeds will be directed to the Special State Fund, CMRA stated.
The identity of the buyer was not disclosed.
The area around Shamalgan is often informally referred to as the stronghold of the Nazarbayev family.
Original Author: Nikita Drobny
Latest news
- Ecology Ministry Explains 13 Million Tenge Fine For Picking Dandelions
- Kazakhstan Refineries Increase Oil Processing Depth To 90%
- High Rates No Longer Keep Kazakh Banks’ Profits Rising, Analysts Say
- Almaty Health Officials Prepare for Possible Hantavirus Cases
- Ministry Says Saiga Deaths Remain Within Natural Limits
- Kazakhstan Faces Shortage of Doctors and IT Specialists
- Kazakhstan Petition Calls for VAT Removal on Feminine Hygiene Products
- Kazakhstan to Publish Register of Convicted Economic Crime Offenders
- Kazakhstan’s Economy Grew 3.6% in Four Months
- Shymkent Colleges Used Fictitious Students to Steal Over 1.3 Billion Tenge
- Almaty Court Extends Chechen Activist’s Extradition Arrest
- Record Rainfall Hits Almaty
- Falling Caspian Sea Level Reshapes Northern Coastline
- Kazakhstan Says It Is Ready To Help Resolve Iran’s Nuclear Issue
- Pashinyan Explains Why He Will Skip The EAEU Summit In Astana
- Kazakhstan To Gradually Cut University Programs In Oversupplied Fields
- Kazakhstan Offers Indonesia A Route To Central Asia And Europe
- Kazakhstan Tightens Rules for Master Plans and Urban Development
- Kazakhstan Approves Rules for Digital Tenge Circulation
- Military Jets to Conduct Training Flights Over Astana
