The Financial Monitoring Agency (AFM) has uncovered instances of fraud in obtaining loans for breeding pedigree cattle at the Aktobe branch of JSC 'Agrarian Credit Corporation'.
According to the agency's press service, representatives of 4 peasant farms (PF), using fictitious documents, cashed out subsidies and credit funds allocated under the state programme 'Sybaga', and did not purchase any livestock.
As a result, the state suffered damage on an especially large scale totalling nearly 1 billion tenge. During the pre-trial investigation, the damage caused was compensated.
For fraud on an especially large scale in the agro-industrial complex, the court sentenced three representatives of the PFs to 5 years of imprisonment. The movable and immovable property of the convicted individuals was confiscated to the state's revenue.
Recall that earlier, a deputy of the Kobda district maslikhat of the Aktobe region, Asylbek Nurgeldin, appeared before the court on suspicion of embezzling state programme funds.
According to the prosecution, Nurgeldin misled the state, appropriating 457 million tenge. Initially, he submitted a request to JSC 'Agrarian Credit Corporation' for subsidies amounting to 390 million tenge to purchase 600 head of cattle from Russia under the state programme 'Sybaga'. However, the cattle were never bought. Furthermore, Nurgeldin received an additional 66 million tenge in subsidies for cattle feed.