Bloomberg Claims Kulibayev in Settlement Talks with Authorities

Oligarch Timur Kulibayev, son-in-law of Nursultan Nazarbayev, is negotiating with Kazakhstan authorities about paying one billion dollars to the state, Orda reports, citing Bloomberg.

One of Kazakhstan's wealthiest individuals is discussing paying approximately one billion dollars to the state as part of a government investigation into wealth accumulated under the first president, Bloomberg states.

If an agreement is reached, Kulibayev must pay part in cash and invest the remainder in significant projects. Two people allegedly familiar with negotiations informed Bloomberg about this.

This information cannot be verified as the sources were anonymous.

According to preliminary information, the deal between Kulibayev and the state (if concluded) would not imply any accusations against Kulibayev or admission of wrongdoing.

Last November, the Asset Recovery Committee under the Prosecutor General's Office filed another lawsuit against Timur Kulibayev.

Bloomberg may be referring to this investigation.

Kulibayev's assets were classified as state secrets in July 2024.

Original Author: Nikita Drobny