The metropolitan department of the Agency for Financial Monitoring (AFM) has completed an investigation into the managing director of Samruk-Kazyna Construction JSC and the head of Dorstroytrest LLP.
According to the agency's press service, they are suspected of embezzling budget funds allocated for the construction of the multi-storey Kok-Tobe residential complex.
It has been reported that in January 2022, Samruk-Kazyna Construction JSC entered into an investment agreement for the construction with Dorstroytrest LLP and transferred an advance payment of 2.6 billion tenge.
Despite this, the construction was carried out with violations and was not completed within the stipulated timeframe.
The suspects used the advance payment received to pay off debts unrelated to the construction, as well as to purchase cars. Furthermore, 650 million tenge of this amount was funnelled through fictitious contracts to the accounts of affiliated LLPs and cashed out.
"The criminal proceeds were used to purchase two cars worth 23 million tenge, which were registered in the names of trusted individuals in order to conceal them from potential confiscation," the statement said.
A preventive measure of detention has been imposed on the suspects. With court authorisation, a seizure has been placed on their assets worth 170 million tenge (5 cars and an apartment in Astana). The former managing director of Samruk-Kazyna Construction JSC has been placed on the international wanted list.
It is worth recalling that earlier, the State Committee for National Security (SCNS) of Kyrgyzstan placed on the wanted list Kazakh businessman Erkanat Zhumabekov on suspicion of financing an organised criminal group led by the late Kamchybek Kolbaev.