East Kazakhstan Public-Private Partnership Officials Accused of Financial Crimes
Photo: Pixabay, illustrative purposes
In the East Kazakhstan region, the management of the public-private partnership center is accused of illegal business, money laundering, and theft of budget funds, Orda.kz reports.
The Financial Monitoring Agency (FMA) investigated the case.
According to the FMA, in 2019, a project to modernize street lighting was launched in Oskemen and Semey.
The state center was responsible for this, and it was supposed to replace old lamps with energy-efficient lamps.
However, officials inflated the work cost and accepted low-quality equipment, resulting in budget damages of two and a half billion tenge.
To hide the criminal proceeds, the head of the center registered a controlled limited liability company through which he cashed out the funds. With the illicit funds, they bought elite real estate and cars for 265 million tenge, registering them in the names of fictitious persons, The Financial Monitoring Agency reports.
The suspects are in custody, and their property was confiscated. They will soon go to trial.
JSC "Regional Center for Public-Private Partnership of East Kazakhstan Region" is a state institution searching for social infrastructure investments via implementing PPP projects.
Original Author: Zarina Fayzulina
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
