A secret billionaire has been revealed in Kazakhstan amid a fraud investigation triggered by riots.

Reported 5 months ago

Kazakhstan's anti-corruption campaign targeted Kairat Satybaldyuly, the nephew of the former president, Nursultan Nazarbayev, who surrendered illegally acquired assets worth $1.65 billion to the state. Satybaldyuly, previously estimated at $160 million in wealth, was arrested as part of the crackdown following mass protests in 2022. His meticulous record-keeping led to his downfall, and he received a six-year jail sentence for embezzlement and money laundering. The case illustrates President Tokayev's efforts to combat corruption in Kazakhstan, with recovered assets totaling $2.3 billion over two years.

Source: YAHOO

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