Company Linked to Kairat Itemgenov Fined Over Railway Accident
Photo: The Ministry of Emergency Situations
The Tulkibas District Court in Turkistan Region has found the Uralskaya Vagonoremontnaya Companiya (UVK) guilty of violating railway safety regulations, Orda.kz reports.
The case follows a June 2024 freight train derailment on the Tulkibas-Arys line. While no one was injured, the court determined that the accident — caused by poor-quality depot repairs — led to irreparable damage to eight freight cars.
Investigations by the Ministry of Transport, CIS railway administrations, and Kazakhstan Temir Joly confirmed UVK’s responsibility. As a result, the company was fined 1.4 million tenge under Kazakhstan’s administrative code.
UVK is part of Globaltrans and is registered in the UAE. Kazakhstani businessman Kairat Itemgenov indirectly owns 26.2% of the company through AQNIET Capital LLP.
Original Author: Ruslan Loginov
Latest news
- Two Injured Russian Climbers Rescued From Almaty Mountains
- Kazakhstan Denies Reports of Full CPC Shutdown
- South Korea to Help Kazakhstan Forecast Demographic Change
- Almaty Waste Company Stake to Return to State After Undervalued Sale
- Inspection of Former Almaty Akim’s Family Project Declared Illegal
- Kazakhstan Could Refine Russian Oil as Russia Faces Fuel Shortages
- Who Is Behind the Company Searching for Copper Near Atbasar?
- Almaty Airport to Take Out $670 Million Loan
- Kazakhstani Woman Dies in Belgrade, Father Suspects Her Friends Were Involved
- Who Will Keep Health Coverage Under Kazakhstan’s New Rules?
- Fake Journalists Tricked Karaganda Official Into Taking Out Loan
- Pavel Durov Declared a “Terrorist” in Russia
- Lawsuit Pushes Oskemen Authorities to Adopt New Alert Rules After Kazzinc Explosion
- Emergency at Pavlodar Power Plant: Two Workers Seek Medical Help
- What Back-to-School Aid Has Been Promised to Vulnerable Families?
- Employment Falls at Kazakhstan’s Small and Medium Businesses
- How Much Will It Cost to Ride Astana’s LRT From August 1?
- KASE and AIX Record Sharp Rise in Trading Activity
- Ten-Year Record: More Kazakhstanis Are Losing Their Driver’s Licenses
- What Can Tourists Expect? Kazakhstan Approves New Rules for Visitor Centers
