Former Samruq-Qazyna Construction Manager on Wanted List Over Embezzlement
Photo: Dall-E, illustrative purposes
Investigators from the Financial Monitoring Agency's capital department have completed an investigation into the embezzlement of more than 2.6 billion tenge, Orda.kz reports.
The funds were allocated for the construction of the Kok-Tobe residential complex under a contract between Samruq-Qazyna Construction JSC and Dorstroytrest LLP. According to the investigation, the suspects used the advance payments not for construction, but to cover other debts and purchase vehicles.
An additional 650 million tenge was funneled through fictitious transactions and cashed out via affiliated companies. Investigators found that two cars worth 23 million tenge were registered to front persons to hide ownership.
The court has ordered the seizure of the suspects’ assets, including five cars and an apartment in the capital valued at 170 million tenge. One defendant, a former managing director at Samruq-Qazyna Construction, has been placed on the international wanted list.
Both suspects have been taken into custody.
Original Author: Ruslan Loginov
Latest news
- While Thousands Lost Power, KEGOC Executives Received Nearly Half a Billion Tenge
- Changi Airport Group May Help Build Astana’s New Airport
- US Again Extends Deadline for Lukoil to Sell Its Assets in Kazakhstan
- Kazakhstan Extradites Business Manager From Russia in 290 Million Tenge Tax Case
- Released Amur Tiger Successfully Hunts in Kazakhstan’s Wild
- Kazakhstan Moves to Develop Critical Minerals as Global Competition Intensifies
- Another Performance by Kazakh Stand-Up Comedian Called Off
- Uzbekistan Begins Preparations for Second Nuclear Power Plant
- Backpack Links Glacier Remains to Man Missing for 19 Years
- 650-Hectare Wildfire Contained in Karaganda Region
- Unusual Wildlife Encounter Captured in Altyn-Emel
- Retired Border Service Dog Sold for $2 at Kazakhstan Auction
- Will Kazakhstan Have Enough Coal This Winter?
- Belarusian Hikers Find Body on Glacier Near Almaty
- Kazakhstan Investigates Spending on 242 Million Tenge Educational Game
- Kazakhstan Makes Caspian Oil Companies Pay for Counterterrorism Deployments
- Kazakhstan Faces Shortage of 245,000 School Places
- Waste Dumping Reported Near Yurt Camps at Lake Zaisan
- Kazakh Oil Rerouted to Novorossiysk as Russia Frees Baltic Export Capacity
- Amur Tiger Umit Adapts to Life in the Wild in Southern Balkhash
