Staff from the Prosecutor General's Office and the Ministry of Internal Affairs, with the assistance of the Ministry of Foreign Affairs of the Republic of Kazakhstan, extradited a suspect in the creation and management of a financial pyramid from Georgia.
According to the press service of the Prosecutor General's Office, the man is accused of organising a criminal group that set up a financial pyramid, ‘Plus Capital’, in the Mangystau Region and illegally appropriated funds, movable and immovable property belonging to more than 600 investors. The damage caused by the organised criminal group's activities exceeded 3 billion tenge.
Previously, some members of the criminal group had already been sentenced to various types of punishment. The suspect, for his part, went into hiding after committing the crime and was placed on an international wanted list. It is reported that in November 2023 he was detained on the territory of Georgia. The suspect has now been placed in a pre-trial detention centre in Aktau.
‘The commission of the incriminated offence carries a penalty of imprisonment for a term of 7 to 12 years with confiscation of property and lifelong deprivation of the right to hold certain positions’, the statement reads.
For context, it was previously reported that in the Mangystau Region, a local resident and a notary were detained in connection with the ‘Plus Capital’ financial pyramid case, and were sentenced to 12 years in prison.
Furthermore, it emerged that the organiser of a branch of the ‘QNET’ financial pyramid in the Aktobe Region received a 5-year prison sentence. He was accused of creating and managing a structural division of the company, the activities of which were disguised as legitimate network marketing.
Also in the Aktobe Region, long prison terms were handed down to the organisers of the ‘Auto Seller’ financial pyramid. The total amount of damage amounted to nearly 404 million tenge. The organiser was sentenced to 9 years in prison. His accomplices received between 7 and 8 years in prison.