Elge Qaitaru Public Foundation made new appeals to the Prime Minister of Kazakhstan and authorised bodies.

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.

The full version of the press conference in Russian