The Samruk-Kazyna Fund and the national company Kazakhstan Temir Zholy (KTZ) have announced that they are continuing to operate as normal following the detention of their heads on suspicion of corruption.
STATEMENT BY SAMRUK-KAZYNA
On 12 November, the press service of Samruk-Kazyna reported that the fund and its constituent companies are continuing to operate as normal. All obligations to investors, creditors, international financial organisations and business partners are retained and being fulfilled.
"The Fund's investment projects and strategic programmes continue to be implemented in accordance with the approved plans. The Fund maintains its financial and institutional stability, continues to perform its strategic functions and remains a reliable partner for Kazakh and international investors."
WHAT KTZ REPORTED
KTZ stated that transportation is being carried out without interruption. Passenger and freight train services are being provided in full.
"Traffic safety and compliance with the transportation schedule are under constant supervision. All of the company's obligations to passengers and clients are being fulfilled in full."
WHAT IS KNOWN ABOUT THE DETENTIONS
Earlier, officers of the Anti-Corruption Service of the National Security Committee (NSC) detained the Chairman of the Management Board of Samruk-Kazyna, Nurlan Zhakupov, and the head of KTZ, Yelzhas Otynshiyev, on suspicion of a corruption offence.
According to Ulysmedia.kz, the materials received by the editorial team refer to Part 3 of Article 24 of the Criminal Code of the Republic of Kazakhstan ("Attempted offence") and Part 4 of Article 366 of the Criminal Code of the Republic of Kazakhstan ("Receiving a bribe on an especially large scale").
The NSC confirmed that an investigation is under way but did not disclose details of the case.
