Asset Recovery: Prosecutor General's Office Explained Why Owners Not Revealed

Nurdaulet Suindikov, Chair of the Committee for the Return of Assets of the Prosecutor General's Office, explained why the authorities have not revealed all the owners of returned assets, Orda reports.

As it stands, their assets were returned before a law was passed, and the rest were returned after; the law protects privacy.

For all assets that are returned, when they are put up for auction, there are specific companies with names. There are no special secrets there. The answer to your question is obvious: because what the people you named returned, they returned before the law was passed, before the asset return committee was created,  said Nurdaulet Suindikov.

Different services handled the cases of Kairat Boranbayev and Kairat Satybaldyuly.

The Financial Monitoring Agency handled the former's and the latter's – the Anti-Corruption Service. 

This happened two years ago. And within the framework of the investigation then, all this was done, within the framework of the legislation that existed. And it was covered. Maybe there was even good will of these people for this to be covered. And now we are working in a new reality, with a new law. Everything that we do, we implement within the framework of the law,
the committee head assured.

As Kuanyshbek Mukash, the head of Returned Assets Management Company LLP, explained, information about who owns an expensive house or car could scare off potential buyers and reduce the price. 

Original Author: Ilya Astakhov