(13 February 2026 | Source: Press Service of the Financial Monitoring Agency of the Republic of Kazakhstan)
In Almaty, investigative authorities have reported a large-scale scheme to attract citizens' funds under the guise of investment and insurance programmes. The case concerns the project "Life Insurance 'Partners & Consultants'", through which, according to the investigation, depositors' money was collected over several years.
HOW THE SCHEME WORKED
According to the Financial Monitoring Agency (FMA), between 2013 and 2021, the suspect organised a mechanism to attract funds under the guise of investing in life insurance programmes and savings insurance deposits.
Citizens were persuaded to transfer money to the accounts of controlled legal entities — JSC "Evroasia Global Investment" and LLP "Evropa Investment". They were promised a return of up to 12% per annum.
To confirm the project's reliability, references were made to international insurance programmes and certificates, which, according to the investigation, did not actually exist.
HOW THE INVESTMENTS WERE DOCUMENTED
Money was accepted via bank transfer. After the funds were transferred, depositors were issued documents that created the appearance of long-term deposits and investment obligations.
The case materials indicate that 270 people were affected, and the total damage exceeded 620 million tenge.
INVESTIGATIVE MEASURES
The suspect used the funds obtained to acquire real and movable property. Restrictions have currently been placed on the disposal of this property.
The suspect has been taken into custody.