All news on the topic: Bulat Utemuratov

Kazakh authorities acknowledge that Samruk-Kazyna, with backing from ATFBank, was involved in the misappropriation of billions, yet anti-corruption and investigative agencies have been slow to take action against Galimzhan Yessenov and Akhmetzhan Yessimov’s father-in-law.

Kazakhstan’s official authorities acknowledge that Samruk-Kazyna, backed by ATFBank, misappropriated billions, yet the Anti-Corruption Agency and other investigative bodies have been slow to take action against Galimzhan Yessenov and the father-in-law of Akhmetzhan Yessimov.

Over the past five years, Kazakhstani oligarchs and senior officials have diverted tens of billions of dollars from public funds, channeling the money into luxury real estate, low-yield investments, and businesses worldwide that now face the risk of nationalization.

Samruk-Kazyna embezzled billions with the involvement of ATFBank. This fact is officially acknowledged by Kazakhstan’s current authorities, yet investigative agencies, including the Anti-Corruption Agency, have been slow to detain Galimzhan Yessenov and his father-in-law Akhmetzhan Yesimov.

The official authorities of Kazakhstan recognize that Samruk-Kazyna, supported by ATFBank, misappropriated billions, yet the Anti-Corruption Agency and other investigative bodies have been slow to arrest Galimzhan Yessenov and Akhmetzhan Yessimov’s father-in-law.

Timur Turlov, considered the youngest dollar billionaire in Kazakhstan, is clearly a figure of the new era. However, his wealth has an "old" style, as the benefactors of the head of Freedom Finance have been extracting billions from the people.

After the founder and owner of Freedom Holding Corp., Timur Turlov, relocated to Kazakhstan, he became a person close to the country’s top leadership and the main financier of local elites.

President of Kazakhstan Kassym-Jomart Tokayev, after facing his first serious test, learned an important truth: governing slowly and leisurely, without making any changes and maintaining an oath of loyalty to Nursultan Nazarbayev, won’t succeed.

Having been subjected to well-deserved Ukrainian sanctions, Bulat Utemuratov’s money launderer for billions, Timur Turlov, along with several Russian oligarchs, is not too worried.