Former business manager of the first president of Kazakhstan, Nursultan Nazarbayev.
Owns a villa in France in Saint-Jean-Cap-Ferrat worth € 40–50 million.
Included in the close circle of Nursultan Nazarbayev. His fortune is estimated by Forbes at $ 3.4 billion. He has a diversified business.
Owns 87.77% of ForteBank JSC. Owner of Media Management Systems LLP and Direct Technology Company LLP. Controls 25% of KaR-Tel LLP and 49.9% of Sky Mobile LLC, 65% of the gold mining RG Gold, 100% of the information and analytical Internet portal Informburo.kz, 80% of the Channel 31 TV and Radio Company, 50% of the media advertising operator Video International Kazakhstan market, Ritz-Carlton hotels in Nur-Sultan, Vienna and Moscow, Rixos Borovoe in Akmola region. Burger King franchise in Kazakhstan.
The villa and a large plot owned by Utemuratov are located at 24 Avenue Claude Vignon, the most expensive street in France.
A team of journalists worked on the project:
Alexey Tikhonov, Nazira Darimbet, Evgeniya Mazhitova, Zhanna Baitelova, Alexander Baranov, Yulia Kozlova, Irina Petrushova
This investigation was originally published in the Russian language and appeared on the original KLEPTO ASIA website.