Over 2 Billion Tenge in Public Funds Stolen from East Kazakhstan Construction Projects
Photo: Midjorney, ill. purposes
In the East Kazakhstan region, funds allocated for the construction of 11 social facilities were embezzled and spent on luxury homes, cars, and horses, Orda.kz reports.
According to investigators, the contractor QazConstructions misappropriated more than two billion tenge. Several suspects have already been arrested.
Among the defendants is the company's former deputy director and current member of the Kurchum district maslikhat. The company was awarded a contract to build sports and fitness centers and water supply networks in seven districts of the East Kazakhstan and Abay regions,
the Financial Monitoring Agency stated.
Four sports and recreation centers were never completed, and the water supply system remains nonfunctional in seven villages with a combined population of more than 20,000 people.
Investigators found that the stolen funds were laundered through affiliated firms. The suspects allegedly purchased luxury apartments in Astana, a Lamborghini Urus, a Cadillac Escalade, a Mercedes, and thoroughbred horses. The court has already seized these assets.
Two suspects are currently in custody for a two-month detention period while the investigation continues.
A similar case was previously uncovered in the Aqmola region. The contractor NICS Engineering Group IV and several local officials allegedly issued fake invoices under the Nurly Jer state housing program totaling over 500 million tenge.
Although construction never began, the total damage was estimated at 152 million tenge. The suspects were arrested, and the case has been forwarded to court.
Original Author: Ruslan Loginov
Latest news
- Kazakhstan Cancels Exam Results For More Than 700 University Applicants
- Astana LRT Operator Looks For Funding In China
- Smoke From Russian Wildfires Reaches Eastern Kazakhstan
- Kazakhstan Offers EU A Broader Partnership In Eurasia
- Oil Leak Reported In Caspian Sea Near Azerbaijan Coast
- Kazakhstan To Build 250 Roadside Service Stations For 180 Billion Tenge
- Police Chase With Kazakh Driver In Phuket Ends In Crash And Injuries
- Foreigners Moving To Kazakhstan Are Choosing Big Cities Over Most Regions
- Turkestan Region Leads Kazakhstan In Twin Births
- From Grain To AI: What Kazakhstan Brought To Afghanistan
- Helicopters Drop 39 Tons Of Water On Forest Fire In East Kazakhstan
- Kazakhstan Tightens Border Checks Despite Saying There Is No Fuel Shortage
- Kazakhstan Seeks Greek Investment In Energy And Transport
- Global Rating Agency Confirms Kazakhstan’s Investment-Grade Status
- Kazakh Company Sent $16 Million To China, Got No Goods And A Huge Fine
- Kazakh Parties Are Losing Focus With Overly Broad Programs, Expert Says
- Almaty Man Registered 990 People In One-Room Apartment And Received Sentence
- Montenegro President Makes First Official Visit To Kazakhstan
- Gas Prices In Kazakhstan To Rise From July 1
- Kazakhstan’s Oldest Gold Mining Company Resold For 8.7 Billion Tenge
