Tender Fraud Scheme in Almaty Netted 664 Million Tenge and Luxury Assets
Photo: Olga Ibraeva, Orda.kz
Members of a criminal group in Almaty manipulated public tender ratings for construction companies over a three-year period in exchange for kickbacks, which they used to buy luxury cars and real estate, Orda.kz reports.
According to Kazakhstan’s Financial Monitoring Agency (FMA), the department’s Almaty branch is conducting a pre-trial investigation into four suspects involved in the scheme. From 2021 to 2024, the group exploited loopholes in the state procurement system.
The suspects used shell companies and fake documents to artificially boost the ratings of construction firms competing for government contracts. In return, they received illicit payments ranging from 500,000 to 1.5 million tenge per tender. Investigators say the total amount gained over three years exceeded 664 million tenge.
With that money, they purchased 11 vehicles and 12 real estate properties — including five residential homes and seven land plots, the FMA noted.
Investigators estimate that their fraudulent actions led to the signing of state contracts worth nearly 70 billion tenge.
The four suspects are currently in pre-trial detention. The investigation is ongoing, and further details are being withheld under the Criminal Procedure Code.
Original Author: Nikita Drobny
Latest news
- Two Injured Russian Climbers Rescued From Almaty Mountains
- Kazakhstan Denies Reports of Full CPC Shutdown
- South Korea to Help Kazakhstan Forecast Demographic Change
- Almaty Waste Company Stake to Return to State After Undervalued Sale
- Inspection of Former Almaty Akim’s Family Project Declared Illegal
- Kazakhstan Could Refine Russian Oil as Russia Faces Fuel Shortages
- Who Is Behind the Company Searching for Copper Near Atbasar?
- Almaty Airport to Take Out $670 Million Loan
- Kazakhstani Woman Dies in Belgrade, Father Suspects Her Friends Were Involved
- Who Will Keep Health Coverage Under Kazakhstan’s New Rules?
- Fake Journalists Tricked Karaganda Official Into Taking Out Loan
- Pavel Durov Declared a “Terrorist” in Russia
- Lawsuit Pushes Oskemen Authorities to Adopt New Alert Rules After Kazzinc Explosion
- Emergency at Pavlodar Power Plant: Two Workers Seek Medical Help
- What Back-to-School Aid Has Been Promised to Vulnerable Families?
- Employment Falls at Kazakhstan’s Small and Medium Businesses
- How Much Will It Cost to Ride Astana’s LRT From August 1?
- KASE and AIX Record Sharp Rise in Trading Activity
- Ten-Year Record: More Kazakhstanis Are Losing Their Driver’s Licenses
- What Can Tourists Expect? Kazakhstan Approves New Rules for Visitor Centers
