Danish Company Fined in Aqtau for Illegally Transferring Nearly $2 Million Abroad

The prosecutor's office in Aqtau has successfully reopened the case against Blue Water Shipping Kazakhstan LLP, Orda.kz reports.

The company was previously cleared of administrative charges related to the unauthorized transfer of $1.8 million (over 900 million tenge) out of the country. However, following an appeal by prosecutors, the Mangystau Regional Court overturned the earlier decision.

As a result, the court fined the company over 153 million tenge for failing to return foreign currency earnings on time. The ruling has officially come into legal force.

While the prosecutor’s office did not name the company in its public statement, sources confirmed it to be Blue Water Shipping Kazakhstan. According to eGov data, the LLP is owned by the Danish firm Blue Water Middle East A/S.

As previously reported by Antikor, more than 140 Kazakhstani business executives have come under investigation for corruption since the beginning of the year.

Original Author: Anastasia Prilepskaya