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
- Orda.kz Editorial Team to Cease Operations on September 1
- The Price of a Degree: How Students in Kazakhstan Pay for University
- Second Przewalski’s Horse Foal Born as Species Returns to Kazakhstan
- Kazakh Mining Companies Can Recalculate Purchases if Tenge Weakens
- Kazakhstan Names First Vice President in Three Decades
- What Almaty’s Bus Shelters Are Missing
- 400-Truck Queue Builds at Kazakh–Kyrgyz Border
- Kazakhstan Ready to Help Feed and Rebuild Gaza
- Tokayev Establishes New Presidential Security Body
- Almaty Takes Back Its Nearly Century-Old Hippodrome
- No More Guesswork on Savings: Kazakhstan Tightens Energy Audits for Businesses
- Public Money Could Be Used to Rescue Failing Kazakh Banks
- Third Kazakh Woman Reported Missing in Nepal-China Flood Zone
- Falconer Convicted Over 35 Protected Birds, Spared Punishment Under Amnesty
- Kazakh Citizen Detained in Yakutia in Phone Fraud Case
- Yuan Instead of Dollars? KazMunayGas Draws Record Demand in Asia
- China Gains Oil-Market Influence as OPEC+ Weakens
- Kazakhstan to Divide Smartphones Into White, Gray and Black Lists
- Kazakhstan’s Government Formally Resigns as First Kurultai Session Opens
- Rare Lynx Sighting Recorded in Northern Kazakhstan
