• KGS/USD = 0.01148 0%
  • KZT/USD = 0.00221 0%
  • TJS/USD = 0.09231 -0.97%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01148 0%
  • KZT/USD = 0.00221 0%
  • TJS/USD = 0.09231 -0.97%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01148 0%
  • KZT/USD = 0.00221 0%
  • TJS/USD = 0.09231 -0.97%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01148 0%
  • KZT/USD = 0.00221 0%
  • TJS/USD = 0.09231 -0.97%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01148 0%
  • KZT/USD = 0.00221 0%
  • TJS/USD = 0.09231 -0.97%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01148 0%
  • KZT/USD = 0.00221 0%
  • TJS/USD = 0.09231 -0.97%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01148 0%
  • KZT/USD = 0.00221 0%
  • TJS/USD = 0.09231 -0.97%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01148 0%
  • KZT/USD = 0.00221 0%
  • TJS/USD = 0.09231 -0.97%
  • UZS/USD = 0.00008 0%

Viewing results 1 - 6 of 7

How Kazakhstan Is Cleansing Itself of Nursultan Nazarbayev’s Legacy

“New Kazakhstan,” the term introduced by Kasym-Jomart Tokayev after the attempted coup d'état in January 2022, has also given birth to a thesis about “Old Kazakhstan." "Old Kazakhstan" is associated with the country's first president, Nursultan Nazarbayev, and his numerous relatives, who penetrated all spheres of life in the country. So,  which former head of state's relatives fell into the clutches of justice? Gulmira Satybaldy Gulmira Satybaldy, former wife of Kairat Satybaldyuly, nephew of the first president of Kazakhstan, Nursultan Nazarbayev, is currently on trial in Almaty. She is accused of locking up her relative and business partner, Abai Zhunusov, for 165 days and, after intimidating him, transferring his shares in various companies to her proxies. Damages are estimated at $2.2 million (1.4 billion KZT). The guilty verdict, which few doubt will be passed, will not be her first. On 4 May 2023, the Astana court sentenced Gulmira Satybaldy to seven years' imprisonment for self-rule and kidnapping. A month later, on 30 June 2023, the Kyzylorda court sentenced her to eight years in prison for embezzlement and misappropriation of other people's property. The new, harsher sentence absorbed the previous punishment. Kairat Satybaldyuly Next is Kairat Satybaldyuly, a rather grim figure from the Nazarbayev clan. In the early noughties, on the now defunct Internet site “Aziopa,” which was attributed to Nazarbayev's former eldest son-in-law Rakhat Aliyev,  Kairat Satybaldyuly was painted black with hints of his handcuffing his wife to the radiator and beating her. It also pointed to Kairat's presidential ambitions. Satybaldyuly is the son of Nursultan Nazarbayev's younger brother, Satybaldy, who died in 1981 in a car accident. According to Forbes Kazakhstan, during his uncle's presidency, Kairat was listed as one of the country's most influential business people with a fortune of 163 million dollars. According to Kazakhstan's media, the nephew of the former president of Kazakhstan was listed as the sole founder of the offshore firm Skyline Investment Company S.A., which owns over 24% of the shares of Kazakhstan's telecommunications company Kazakhtelecom. In addition to working  in the civil service, including in the National Security Committee, he was deputy akim of Astana, and held senior positions in national companies. Detained in March 2022 on suspicion of abuse of power and large-scale embezzlement of funds by Kazakhtelecom JSC and Transport Service Center JSC, Satybaldyuly was held in custody until the trial. In court, Satybaldyuly reached a mediation agreement with the injured parties and paid 40 billion tenge ($89.5 million) in damages. He also entered into a procedural plea agreement. In September 2022, he was sentenced to six years in prison. The court ordered the confiscation of his property and banned him from working in the civil service for ten years. A submission was also made to the President of Kazakhstan to strip Satybaldyuly of the title “Major General of the National Security Bodies of Kazakhstan,” as well as the state orders “Kurmet” and “Parasat.” Despite reports that the Anti-Corruption Service of Kazakhstan is investigating criminal cases against Satybaldyuly involving tax...

Nazarbayev In-Law, Askar Kulibayev’s Oil Terminal Seized

Representatives of the General Prosecutor's Office of Kazakhstan have reported that an oil terminal in the port of Aktau belonging to Askar Kulibayev has been returned to the state. The 134-hectare property is valued at $66 million. “It was established that in 2011, the oil terminal was alienated into the ownership of Kulibayev's company. On February 26th, 2024, by the decision of the Specialized Inter-district Economic Court of Mangistau region, the claim of the Almaty city prosecutor was satisfied, and the oil terminal was returned to the state's ownership," said the supervisory body. The Almaty prosecutor's office stated that the claim was filed to compensate for the damage caused by the unlawful seizure of a foreign investor's property. However, the official message does not name the affected company. Now 87-years-old, Askar Kulibayev served as First Secretary of the Guryev (now Atyrau) Regional Committee of the Communist Party of Kazakhstan and as the Minister of Construction in independent Kazakhstan. He is the matchmaker of former President Nursultan Nazarbayev's daughter, and the father of Kazakhstan's richest man, Timur Kulibayev. In 2024, Timur Kulibayev and his wife Dinara Kulibayeva, still sit atop the list of the richest Kazakhs. The combined fortune of the Nazarbayev family is estimated at almost $10 billion.

Son-in-Law of Former Kazakh President Nazarbayev Sells His London Mansion

Kazakh billionaire, Timur Kulibayev has sold his mansion in the prestigious London neighborhood of Mayfair for £35 million pounds sterling. The son-in-law of Kazakhstan's former president, Nursultan Nazarbayev is also looking for a buyer for a second house nearby, according to a report in City A.M. The British publication claims that Kulibayev has struck a deal to sell the property to North Wind Capital, an investment company founded by former Deutsche Bank director, Ben Williams. The new owners are planning a large-scale reconstruction of the building. According to City A.M., Kulibayev's mansion on Upper Grosvenor Street was sold at an undervalued price due to the value of luxury real estate taking a significant drop since Brexit. Many London homeowners have already taken substantial losses on investment and residential properties. "Kulibayev has owned two mansions next door to each other for almost 20 years. They are directly opposite the Embassy of Monaco, and just a short walk from Buckingham Palace. Almost all this time, the house which he sold was empty," notes the City A.M. article. In 2024, Timur Kulibayev and his wife Dinara Kulibayeva, daughter of Nursultan Nazarbayev, still sit atop the list of the richest Kazakhs. The combined fortune of the Nazarbayev family is estimated at almost $10 billion.

New Case Against Nazarbayev’s Former Niece-in-Law Brought to Court

The Anti-Corruption Service of Kazakhstan has completed its investigation into the criminal case against Gulmira Satybaldy - the ex-wife of Kairat Satybaldy - nephew of former President of Kazakhstan, Nursultan Nazarbayev. Ms. Satybaldy is accused of illegal imprisonment, extortion on a large scale, and arbitrariness which led to grave consequences. The criminal case was transferred to a specialized court in Almaty. According to law enforcement agencies, other information is not subject to disclosure at this juncture. Gulmira Satybaldy was originally detained by the anti-corruption service on March 16, 2022, accused of abductions and aiding the commission of a crime. A year ago this month, she was sentenced to seven years, but has since been incriminated in further crimes. Gulmira Satybaldy's ex-husband, Kairat, was convicted of abuse of power and embezzlement of funds from the state company, Kazakhtelecom. According to official data, since 2022 he has repatriated more than 700 billion tenge ($1.58 billion) worth of illegal assets to the state.

Nazarbayev’s Nephew Samat Abish Handed Eight-Year Suspended Sentence

An Astana court has found Samat Abish, a nephew of Kazakhstan's former president Nursultan Nazarbayev, guilty of "exceeding power or official authority" and given him an eight-year suspended sentence. Abish, the former deputy chairman of the National Security Committee (KNB), had his criminal case classified as "secret," and all court sessions were held behind closed doors. "By the court's verdict, [Abish] was found guilty of committing a crime under Part 4 of Article 362 of the Criminal Code of the Republic of Kazakhstan, and sentenced to eight years of imprisonment with deprivation of the right to hold certain positions for 10 years. On the basis of article 63 of the Criminal Code of the Republic of Kazakhstan, it [was] decided to consider the appointed punishment as conditional", reads a message from the inter-district criminal court of Astana. Mitigating circumstances for Abish included his young children, and the fact that he admitted his guilt and showed remorse. The court made an additional ruling to strip Abish of all of his state awards. Abish is the son of Satybaldy Nazarbayev, the younger brother of Kazakhstan's first president. Abish's father died in 1981 in a car accident. Nursultan Nazarbayev's nephew was appointed deputy chairman of the National Security Committee in 2013, and in 2015 became first deputy. Abish lost this position on January 17, 2022 after the unrest in the country and the subsequent detention of KNB head Karim Masimov.  At the time, the country's prosecutor general said that Abish was being held as a witness in the investigation into the unrest. In September last year it emerged that a criminal case had been opened against Abish. He came under investigation after the former head of a KNB department said that he had been following orders from his first deputy during the unrest that January. Abish was charged with abuse of power and abuse of authority. Another nephew of Nursultan Nazarbayev, Samat Abish's older brother Kairat Satybaldy, is accused of money laundering. He has been in prison since 2022 on charges of grand embezzlement. The trial is scheduled for April 1.

Karaganda Authorities Refuse Picket Over Renaming Nursultan Nazarbayev Avenue

Karaganda activists insist on returning Nursultan Nazarbayev Avenue to its former name, Peace Boulevard, which it bore until 2019. However, the authorities refused to coordinate eight pickets planned in different parts of the city. For example, in one place, near the Stanislavsky Theater, they explained the reason for their refusal as "snow removal." Reasons for the other refusals remain unknown, as representatives of the Akimat redirected journalists from one employee to another for two days. The actions were to be held near monuments and state institutions on February 17th. The organizer of the action, Aitkozha Fazylov, said that if the proposed place is not suitable for the actions, the authorities are obliged to offer an alternative option. He also said that he had already been refused approval for the picket fifteen times already According to him, Zhumabai Iskakov, another organizer of the action, the deputy akim of Karaganda explained their refusal by stating that holding a picket could lead to uncontrolled actions, whilst the removal of snow from the area was again cited as  the second reason. However, according to Iskakov, sooner or later the renaming will happen anyway, so if people are already coming forward with this proposal the process should not be delayed. In September 2022, having briefly been renamed Nursultan after the former president, the capital of Kazakhstan returned to its former moniker of Astana. But whilst monuments to Nazarbayev are now actively being removed, the fact that there has been no official decision on reversing the renaming of streets in regional cities remains a cause for consternation.

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