List of Confiscated Assets in Tokhtarov Case Published
Photo: Orda.kz
The list of confiscated assets is included in a ruling by the Astana Interdistrict Criminal Court, Orda.kz reports.
A verdict in absentia was issued in late April against Olzhas Tokhtarov, the former chair of the board and majority shareholder of Astana Bank. At that time, it was announced that assets worth 14 billion tenge would be confiscated in the case.
According to the Anti-Corruption Agency, the assets were registered under other individuals but were owned by Tokhtarov.
Details of the confiscated property became known after the verdict was published on the Court Cabinet website.
According to the ruling, the main assets involved belong to the Pavlodar-based brewery “Zhana Rosa.” The court document states that the following were confiscated from Zhana Rosa LLP: two administrative buildings, a vehicle scale, garage boxes, several warehouses, production facilities, land plots, a laboratory, a store, and even a checkpoint.
Tokhtarov also lost a house in the Edelweiss neighborhood of Almaty and a land plot in Astana. Another building on Kabdolov Street in Almaty was ordered by the court to be transferred to City Transportation Systems, Astana’s public transport operator.
Additionally, Tokhtarov’s five million bonds from the microfinance organization Freedom Finance Credit, each with a nominal value of 1,000 tenge, were seized. The court also ordered the confiscation of $4,924 held on the Binance cryptocurrency exchange.
The court lifted the asset freezes on other individuals involved in the case.
Original Author: Igor Ulitiin
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