• Sign in
  • 1744009905_435.svg 1744009905_642.svg

  • Latest news
  • Top headlines
  • Most read
  • Columnists
O'zbekcha
Ўзбекча
Русский
  • O'zb
  • Ўзб
  • Рус
  • Eng
  • O'zb
  • Ўзб
  • Рус
  • Eng
  • Latest news
  • Top headlines
  • Most read
  • Columnists
    • USD12410.99
    • RUB158.38
    • EUR14237.89
    • Google play
    • App Store
    • Telegram
    • Tashkent
      +40°C
      • Andijan
      • Karshi
      • Bukhara
      • Samarkand
      • Ferghana
      • Sirdarya
      • Jizzakh
      • Termez
      • Namangan
      • Tashkent
      • Navoiy
      • Tashkent reg
      • Nukus
      • Urgench
    • Daryo
      • About Daryo
      • Editorial office
      • Contact us
      • Terms of use
      • Privacy policy
      • News archive
    • Advertisement
    • Social networks
      • Instagram | Main
      • Instagram | Lifestyle
      • Instagram | Sport
      • Facebook | Main
      • OK | Main
      • YouTube | Daryo
      • YouTube | Daryo in Russian
      • YouTube | Daryo Global
    Telegram Youtube Facebook Instagram Twitter vkontakte
    Daryo logo white
    • Uzbekistan
      • Others
      • Navoi
      • Tashkent region
      • Syrdarya
      • Jizzakh
      • Kashkadarya
      • Surkhandarya
      • Khorezm
      • Bukhara
      • Samarkand
      • Namangan
      • Fergana
      • Andijan
      • Karakalpakstan
      • Tashkent City
      • DaryoKindness
      • Weather
    • Central Asia
      • Uzbekistan
      • Afghanistan
      • Kyrgyzstan
      • Kazakhstan
      • Turkmenistan
      • Tajikistan
    • World
    • Money
      • Business
      • Economics
      • Finance
      • Crypto
    • Culture
      • Movies
      • Books
      • Music
      • Celebrities
    • Lifestyle
      • Women only
        • Children
        • Beauty
        • Carrier
        • Advises
        • Fashion
        • Recipes
      • Technology
        • Architecture
        • Gadjets
        • Science
        • Space
        • Media
      • Auto
      • Entertainment
      • Travel
      • Health
      • Education
        • Entrant
        • Learn english
    • Sport
      • Football
      • UFC
      • Boxing
    infinix
    Daryo.uz - Login
    Daryo.uz Daryo.uz
    Daryo.uz - Login
    Kazakhstan

    Kazakh businessman returns $195mn worth of assets to state but still receives six-year jail sentence

    Kazakh businessman returns $195mn worth of assets to state but still receives six-year jail sentence

    Kazakh businessman Kairat Boranbayev has made a voluntary decision to return assets valued at over KZT 90bn ($195.4mn) to the state, the Financial Monitoring Agency of Kazakhstan informs.

    Kazakh businessman returns $195mn worth of assets to state but still receives six-year jail sentence.
    Sourec: Sputnik

    These assets include an oil field, a gas distribution company, a service company, a hotel and shopping and entertainment complexes, a network of fitness centers, office buildings, and more. Additionally, Boranbayev has contributed KZT 30bn ($65mn) to the Education Infrastructure Support Fund.

    The returned assets will be placed under the control of state entities and companies, with the funds directed toward the development of educational infrastructure, as per the agency's statement. It's worth noting that Boranbayev had previously paid KZT 14.5bn ($31.5mn) in damages as part of an investigation into the embezzlement of natural gas imports.

    Aysultan Nazarbayev with Alima Boranbayeva
    Source: Il Fatto Quotidiano

    Kairat Boranbayev was a prominent figure among Kazakhstan's 50 wealthiest and most influential businessmen. His daughter, Alima Boranbayeva, was previously married to Aysultan Nazarbayev, the grandson of former president Nursultan Nazarbayev, who passed away in August 2020. Boranbayev was arrested in March 2022 and accused of embezzling a significant sum of funds.

    In March of the same year, a court in Astana sentenced Boranbayev to eight years in prison, along with two other defendants in the case, Roman Nakhanov, CEO of "AziaGazChunja," and Tair Januzak, former deputy chairman of the board of "KazaqGaz." They were all found guilty of embezzling KZT 14.5bn (nearly $30mn) during the resale of gas to the national company.

    Kairat Boranbayev and other in the court.
    Source: Informburo

    However, in the summer, the criminal trial panel overturned the verdict due to the absence of an original document indicating the gas price. Recently, Boranbayev signed a procedural agreement with the Astana Prosecutor's Office, resulting in a six-year prison sentence with property confiscation for him and similar sentences for Nakhanov and Januzak. All three individuals were also banned from public service for life.

    *Kazakhstan has recently enacted a law permitting local businessmen to return unverifiable assets to the state without facing legal consequences. This law grants entrepreneurs immunity from liability when they voluntarily disclose and return such assets.

     

    Follow Daryo's official Instagram and Twitter pages to keep current on world news.

    16.09.2023, 17:25   Comments (0)   3297
    Facebook Twitter LinkedIn Telegram Email

    Comments (0)

    Sign in
    Leave A Reply Cancel

    On this topic

    President Tokayev strengthens Kazakhstan's global economic ties in key meetings with China and Qatar

    14.09.2023, 12:56

    Overall crime rate in Kazakhstan declines by 15.2%

    14.09.2023, 19:33

    Kazakhstan unveils ambitious trade opportunities at eighth Belt and Road Summit 

    15.09.2023, 15:48

    German businesses in Kazakhstan may soon relocate their operations to Uzbekistan  

    15.09.2023, 23:04

    Turkistan's Arpaozen petroglyphs eye UNESCO recognition: cultural gem for tourism boost 

    16.09.2023, 14:01

    Amsterdam hosts spectacular Turkic heritage exhibition: 'Tamga and Ancient Turkic Scripts, Petroglyphs 

    16.09.2023, 13:24
    ×Lightbox Image

    Daryo.uz | Solution to your problems


    Beeline Uzbekistan started 2025 with a significant network modernization


    Beepul 's rising popularity: 3.5x user growth, transaction up 2.3x in 2024


    More than 500,000 new users: residents of Uzbekistan choose the Hambi superapp


    Don't want to waste time standing in lines? Pay your utility bills through the Ipoteka Retail mobile app?

     

    Recommended

    Iran as the pressure point: How Washington’s campaign against Tehran seeks to undercut China and Russia - and why Central Asia risks the fallout

    19 June, 12:24

    "Visa simplification with Uzbekistan could be on the table," EU Ambassador Klaar points out

    11 June, 12:12

    “Uzbekistan is undergoing large-scale reforms and transformation,” says EU business leader at TIIF

    11 June, 08:34

    Central Bank warns half of monthly income goes to loans as debt burden rises in Uzbekistan

    3 June, 12:34
     
     
     

    Latest news

    World Bank approves $101mn to support Kyrgyzstan’s energy reforms and inclusive growth

    Kyrgyzstan | 24 June, 12:00

    Uzbekistan to commission 12 solar, 4 wind power plants and 12 storage systems by end of 2025

    Uzbekistan | 24 June, 10:31

    Uzbekistan, Saudi Arabia, and France to launch $78mn waste-to-fuel project

    Uzbekistan | 24 June, 09:05

    Komil Allamjonov designated as independent advisor to Uzbekistan’s Presidential Administration head Saida Mirziyoyeva

    Uzbekistan | 23 June, 22:58

    Saida Mirziyoyeva appointed head of Uzbekistan’s presidential administration

    Uzbekistan | 23 June, 22:45

    Uzbekistan, Mongolia ink agreements for joint wool and leather projects ahead of presidential visit

    Uzbekistan | 23 June, 16:02

    Uzbekistan tops Central Asia in FDI for first time in 30 years with $2.8bn inflow

    Uzbekistan | 23 June, 15:00

    Kyrgyzstan, UNDP partner to strengthen national systems for green and climate finance

    Kyrgyzstan | 23 June, 14:02

    China and Kazakhstan sign deal to expand rail freight to Europe via Central Asia

    Central Asia | 23 June, 12:43
    Daryo About Us

    Full reproduction or partial quoting of material, as well as the use of photographic, graphic, audio and/or video materials of Daryo (the Uzbek Press and Information Agency (UzAPI, now the Agency for Information and Mass Communications under the Presidential Administration of the Republic of Uzbekistan) is registered on 13.03.2015 with certificate number No. 0944 as a mass media) is allowed if there is a hyperlink to the website daryo.uz and/or are accompanied by a note indicating the authorship of the online publication Daryo. Individual publications may contain information that is not intended for users under the age of 18. Info@daryo.uz

    Telegram Youtube Facebook Instagram Twitter vkontakte

    © Simple Networking Solutions, 2013–2025

    Age restriction

    Did you find a bug? Press Ctrl + Enter

    • Terms of use
    • Privacy policy
    • Advertisement
    What are we going to search for?

    Sign In or Register

    Welcome Back!

    Login below or Register Now.

    Google

    or with email

    Leaving a comment, Пользовательского соглашения and Политики конфиденциальности

    Register Now

    Already registered? Login.

    Google

    or with email

    A password will be e-mailed to you.

    Leaving a comment, Пользовательского соглашения and Политики конфиденциальности

    Found an error in the text?

    ×

    Thank you. We have received your message and will fix the error as soon as possible.