Another hearing on a new episode of a criminal case against Kairat Satybaldy took place in Astana on April 11. The case is being reviewed in the Interdistrict Court for Criminal Cases in Astana. Satybaldy is accused of money laundering on a large scale.
During the previous court session, the defendant requested to enter into a plea agreement for admitting guilt and returning illegally acquired assets. The prosecutor highlighted the time needed for the return of assets, including those held abroad, and requested a postponement of the case to allow for these procedures.
The court ultimately postponed the hearing to a later date to resolve the plea agreement issue. During the initial hearing, the prosecution stated that Satybaldy, in collaboration with others, transferred criminal funds through a company, engaged in various financial activities, and increased the company's turnover significantly.
The illicit proceeds were used for real estate investments both domestically and abroad, as well as for financial placements in Kazakhstani and foreign banks, purchase of securities, and other activities, according to the prosecution.
