Nazarboev's nephew returned $1.6 billion worth of assets to the state
Kairat Satibaldi (Satibaldiuli), the nephew of the former president of Kazakhstan, Nursultan Nazarboev, returned to the state his illegally acquired property of 32.8 billion tenge or more than 1.6 billion dollars in two years .
Kairat Satibaldi (Satibaldiuli), the nephew of the former president of Kazakhstan, Nursultan Nazarboev, returned 32.8 billion tenge or more than 1.6 billion dollars of illegally acquired property to the state in two years, Fergana news agency reports, citing the press service of the Anti-Corruption Department. Agency.
Assets returned include office buildings, exclusive jewelry, luxury homes, apartments and cars, shares and stocks in companies, railways, and cash . 661.5 million dollars of assets were returned to Kazakhstan from abroad, in particular from Austria, Liechtenstein, UAE and Turkey.
115 objects in Kazakhstan with a total value of 158 billion tenge (about 330 million dollars), including 13 houses, 10 buildings, 13 land plots, 4 apartments, 3 constructions, 2 madrasa buildings, 2 parking spaces, 25 structures, one unfinished object, as well as 29 cars, five special equipment and three quadricycles were transferred to the state property.
Part of the property was registered in the name of Satibaldi's close relatives, affiliates and controlled companies.
"Previously, these assets were leased and annually brought many billions of dollars to the owner, which is the state receiving the property," the Anti-Corruption Agency noted.
Kairat Satibaldi is the son of Satibaldi Nazarboev, the brother of the first president who died in a car accident. He later took his father's name as his last name. Through Skyline Investment Company SA, Qairat owned almost a quarter of the monopoly in the telecommunications services market of Kazakhstan. For years , he worked in the National Security Committee, was actively involved in politics and business, and was one of the richest people in Kazakhstan.
On March 13, 2022, the businessman was arrested by the anti-corruption service on suspicion of abuse of official authority and the theft of a large amount of funds from "Kazakhtelecom". The next day the capital office of the company was searched, and a month later, the companies under the control of the businessman returned 28.8 percent of Kazakhtelecom to the state.
On September 26, 2022, the court sentenced Satibaldi to six years in prison in connection with the case of theft in JSC "Kazaktelecom" and "Transport Service Center" joint-stock company. Charges of money laundering and customs duty evasion were also investigated against the entrepreneur. He fully confessed his guilt and promised to compensate the damage caused to the state.
Sotibaldi is currently serving his sentence in a medium-sized correctional institution. Last December, he applied for parole, but the court rejected it because "the prisoner's conduct is not impeccable."
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