New Details Emerge on Businessman Almaz Zaripov Accused of Large-Scale Fraud in Bishkek

New details have emerged about the case of Almaz Zaripov from Astana, who was detained in Bishkek on suspicion of large-scale fraud, Orda.kz reports.

According to Kyrgyz security services, investigators confirmed the theft. Zaripov has been formally charged with embezzlement and misappropriation on an especially large scale, and a court ordered him held in custody.

The accused has fully admitted his guilt and has begun to compensate for the damages caused. Therefore, the investigation is considering changing the latter's preventive measure to one that does not involve imprisonment. The investigation into this criminal case is ongoing,
 the State Committee for National Security stated.

Zaripov, owner of the KAZBRAND food holding and head of the Agrarian-Industrial Union of Kazakhstan, is accused of embezzling $2.5 million (over 1.3 billion tenge).

The case dates back to March 2025, when two Bishkek residents reported him to the authorities.

They said the 51-year-old businessman had won their trust and proposed a “lucrative business” — supplying grain products from Kazakhstan. After receiving $2.5 million from the victims, Zaripov allegedly cut off contact and disappeared.

He was arrested in August.

Original Author: Alina Pak