PRESS RELEASE
Elge Qaitaru Public Foundation made new appeals to the Prime Minister of Kazakhstan and authorised bodies.
The first topic of the press conference is devoted to the long strike of oil workers in the Mangistau region.
Public Foundation “Elge Qaitaru” sees the roots of the problem in the offences that accompanied the 2011 transaction on the acquisition by NC “KazMunayGas” of a hundred per cent stake in the authorised capital of LLP “Aktaunefteservice”. The direct buyer was a subsidiary of NC KazMunayGas. The value of the transaction amounted to 334 million US dollars. In publications in the public Internet reported that the real owner of LLP “Aktaunefteservice” and, accordingly, the ultimate beneficiary of the transaction amounting to 334 million U.S. dollars is Timur Kulibayev, at that time chairman of the board of Samruk-Kazyna, which includes JSC NC KazMunayGas. Public Foundation “Elge Qaitaru” asks the authorised bodies to verify the circumstances of this transaction, take measures to recover 334 million U.S. dollars, and direct this amount to solve the problems of striking oil workers in the Mangistau region.
The second part of the press conference is devoted to the topic of buying out the assets of BTA Bank and Kazkommertsbank by the “Problem Loans Fund”.
Such “financial recovery” resulted in the irretrievable loss of 2.4 trillion tenge of people’s money. The public fund “Elge Qaitaru” disclosed some details of the “Framework Agreement between the Government of the Republic of Kazakhstan represented by several state bodies and the citizen of the Republic of Kazakhstan Kenes Rakishev”, concluded on 2 June 2017. According to financial experts, “the market value of the repurchased assets according to the results of an independent appraisal was 268 billion tenge or 10 times less than the amount paid. As a result, the Problem Loans Fund recognised a loss of 2372 billion tenge on such purchase of assets”. The public fund “Elge Qaitaru” demands to investigate this transaction, to bring to justice those responsible, to ensure compensation of the state for the damage.
The final topic of the press conference was the frequent accidents in the sphere of heat and electricity supply, and a significant increase in regulated tariffs for all types of goods and services, which is envisaged by the National Development Plan of the Republic of Kazakhstan until 2029.
Public Foundation “Elge Qaitaru” considers the Government’s plans to use KZT 1.5 trillion of pension savings for infrastructure modernisation to be controversial. Foremost, a clear analysis of the effective use of current cash flows in the industry is required. For example, attention should be paid to the fact that from 30 November 2020 to 4 November 2022, Pavlodarenergo JSC, a member of the CAEK group, bought 100% of the stake in CAEK Green Energy LLP in three stages for USD 232 million, which indicates a significant overpayment for this asset. This company also received unjustified privileges by the decision of the Government. In case the facts of violation of the law and damage to the interests of the state and its citizens are established, the Public Foundation “Elge Qaitaru” demands to bring to justice those responsible and take measures to compensate for the damage.
Press conference of the Public Foundation “Elge Qaitaru” at 22 February 2024, Almaty, Kazakhstan.
