On April 1, 2024, the first court hearing took place in Astana regarding the case of Kairat Satybaldy, who is facing new accusations of money laundering on a large scale. The case is being reviewed in the Interdistrict Court for Criminal Cases. The prosecutor, Eldar Nurmakhnov, read out the indictment, alleging that Satybaldy committed serious crimes in the economic sphere from 2018 to 2022.
According to the investigation, Satybaldy used the company "TechAlliance" to launder his proceeds from criminal activities, mixing illicitly obtained funds with the company's turnover to legitimize them and generate even more income. The prosecutor detailed how Satybaldy, in collusion with others, transferred criminal funds to the company's bank accounts, purchased foreign goods, sold goods to individuals and legal entities, and used the illicit funds to acquire movable and immovable property.
It was revealed that during the period of covering for "TechAlliance," the company's turnover increased significantly. The prosecutor further stated that the accused used the criminal proceeds to purchase and construct real estate both domestically and internationally, invest in Kazakhstan and foreign banks, buy securities, among other activities.
Satybaldy admitted to the charges in full. However, during the preliminary hearing, the defense requested a procedural agreement in the form of a plea deal and the return of unlawfully acquired assets. The court granted time to consider this agreement, leading to the postponement of the trial indefinitely.
Previously, on January 10, 2024, the official representative of Anticor, Arman Tleukenov, disclosed that Satybaldy had used criminally obtained funds to acquire various assets domestically and abroad, placing money in bank accounts within Kazakhstan and overseas. Another episode of tax evasion was also reported.
It is noteworthy that Satybaldy is already serving a six-year sentence for embezzlement in large amounts at AO "Kazakhtelecom" and AO "CTS." In May 31, 2023, it was reported that Kazakhstan had recovered assets and money amounting to a substantial sum, followed by the return of assets worth millions of dollars in October and the reimbursement of funds totaling millions of dollars in December, exceeding a significant sum.
