The Department of the Financial Monitoring Agency and the transport prosecutor's office of Kazakhstan exposed a dodgy scheme of Russian grain buying and further exporting to third countries through Kazakhstan, the press service of the agency reports.
The Kazakh-registered company sold to Uzbekistan, Afghanistan and Tajikistan 8.3 thousand tons of Russian grain worth more than 1 billion tenge between 2021-2022.
“In order to obtain a preferential export tariff, the Kazakh company used counterfeit invoices of domestic grain farms, allegedly confirming Kazakh origin, which allowed it to evade the transit tariff. The illegal activity cost damage of almost 335 thousand USD,” the agency noted.⠀
According to experts, an illegitimate grain export business ranges from 1.5 to 2 million tons per year, financial losses are about $500 million.
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