Authorities Uncover KZT 9 Billion Illegal Power Supply Scheme to Mining Farms in East Kazakhstan
Photo: video screenshot
The Financial Monitoring Agency (FMA) and National Security Committee (KNB) have exposed a multi-billion-tenge scheme in which power companies from East Kazakhstan secretly supplied electricity intended for households and social facilities to cryptocurrency mining farms, Orda.kz reports.
According to the FMA, the illegal supply lasted for two years.
“Under the law, electricity can be sold to mining enterprises only through a single state buyer and in volumes not exceeding 1 megawatt-hour,” the agency explained.
In this case, the supplied amount exceeded 50 megawatt-hours — roughly what a city of 50–70 thousand people consumes in a year.
The illegal profit totaled 9 billion tenge. Investigators identified one person involved, who allegedly used the proceeds to purchase two apartments in Astana and four cars. The court has already seized the assets.
The investigation is ongoing.
Original Author: Ayanrafi Narikbaeva
Latest news
- Zhezkazgan Airport Resumes Operations After An-12 Emergency Landing
- Middle East Escalation Disrupts Kazakhstan–Dubai Flights
- Three Rare Neolithic Burials Discovered in Kostanay Region
- Minister Promises Better Internet Access for Rural Areas
- Will Trump Visit Kazakhstan?
- Six-Lane Road to Almaty’s Ring Road Planned, Around 200 Land Plots Bought Out
- Housing Sales in Kazakhstan Rise 28% in One Month
- East Kazakhstan Residents Question Gas Station Restrictions on Fuel Canisters
- New Committee to Oversee Crypto Market and Payment System
- MFA Confirms Death of Young Kazakhstani Woman in Antalya
- Source of Shymkent Air Pollution Complaints Still Unclear
- Why Cheap Kazakh Gasoline Is Becoming a Regional Issue
- Southern Kazakhstan Records Magnitude 4.5 Earthquake
- Almaty Residents Oppose Covering City’s Open Irrigation Canals
- Where Are Incomes Highest in Kazakhstan After Almaty?
- Landfill Fire Breaks Out in Astana
- Qatari-Kazakh Gas Pipeline Project Gets Another $500 Million
- Russian City May Name Square After Tokayev’s Father
- Kazakhstanis Will Not Face New Loan Restrictions
- Dead Seals Found Near Aktau May Have Come From Iran, Officials Say
