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

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.

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.

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.

Billions were embezzled by Samruk-Kazyna with the involvement of ATFBank.

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).