Kaspi Bank, ForteBank, Eurasian Bank, and Alatau City Bank Respond to Alleged Credit Fraud Case

Kaspi Bank, ForteBank, Eurasian Bank, and Alatau City Bank have released a joint statement concerning the case of the so-called credit organized crime group, expressing confusion over reports that their employees may have been linked to the investigation, Orda.kz reports.

The statement was published on the official website of the Association of Financiers of Kazakhstan.

According to the banks, they have not received any official notification from the Akmola Region Prosecutor’s Office confirming that their staff members are involved. The financial institutions emphasized that, to their knowledge, none of their employees is under investigation.

At the moment, the banks are not aware of any facts of their employees’ involvement in the illegal scheme. The financial institutions will send official requests to the prosecutor’s office to obtain confirmed information, and have expressed their readiness to fully cooperate with the investigation — subject to the provision of documents,
the statement said.

At the same time, the banks stressed that they are open to cooperating with the authorities but called on law enforcement bodies to exercise caution when making public statements. They noted that premature or unverified announcements could harm the reputation of financial institutions.

Earlier, the prosecutor’s office reported on the operations of an organized crime group that allegedly kidnapped socially vulnerable citizens and took out loans in their names.

The estimated damage exceeded 3.7 billion tenge, with 348 victims identified. Initial reports suggested that employees of several banks and the financial regulator might have been involved, but this information was later refuted.

Original Author: Ruslan Loginov