Kazakhstan Recovers $548 Million in Embezzled Assets
Kazakhstan’s Prosecutor General Berik Assylov reported the recovery of assets totaling 262 billion tenge (US$548 million), including $205 million from abroad, during his presentation to President Kassym-Jomart Tokayev on Sept. 19, reported Akorda.
Property and shares in companies worth 82 billion tenge (US$171 million) have been handed over to the asset management company. Agreements have been reached to return assets valued at 450 billion tenge (US$941 million).
Assylov also noted that 445 investors who contributed 8.3 trillion tenge (US$17 billion) to Kazakhstan’s economy received legal support. Through the “prosecutor’s filter,” 500 decisions from state bodies against investors were overturned, boosting confidence in government institutions.
In the past four years, the state has reclaimed 17 million hectares of land, making it usable again and significantly reducing the pasture deficit. The shortage has decreased from 29 million hectares to 8 million hectares. Additionally, the rights of 11,000 shareholders have been reinstated.(Source:astanatimes)
