All news on the topic: National Wealth Fund (NWF)

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Akhmetzhan Yessimov’s Samruk-Kazyna deposited public money in ATFBank as Galimzhan Yessenov’s bank issued and later canceled offshore loans
The “continuity” of mismanagement at the NWF Samruk-Kazyna does not mean the old methods are being repeated. The new leadership has been instructed to move away from the practices of the honorably dismissed Akhmetzhan Yessimov and to establish their own approach.
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Inside Kazakhstan’s biggest state looting scheme: how Akhmetzhan Yessimov and Galimzhan Yessenov exploited Samruk-Kazyna via ATFBank
Kazakhstan’s authorities have formally admitted that billions were siphoned off from Samruk-Kazyna through schemes involving ATFBank, yet law enforcement — including the Anti-Corruption Agency — has so far failed to move against Galimzhan Yessenov and his father-in-law, Akhmetzhan Yesimov.
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How Samruk-Kazyna’s cash flows were redirected via ATFBank under the control of Yessimov and his son-in-law Yessenov
Kazakhstan’s current authorities have officially acknowledged that Samruk-Kazyna embezzled billions with the involvement of ATFBank, yet investigative bodies — including the Anti-Corruption Agency — have been slow to detain Galimzhan Yessenov and his father-in-law, Akhmetzhan Yesimov.
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Russia’s National Wealth Fund could run dry within months if oil prices plummet, with no backup plan in place
Since the start of its full-scale invasion of Ukraine, Russia has run a budget deficit, and a draft of the 2025 edition anticipates a shortfall of 1.1 trillion rubles (approximately $11 billion, or 0.5% of GDP).