A Kazakh citizen has been extradited from the Kyrgyz Republic. This was reported by Qazaqyia.kz citing Sputnik Kazakhstan.
He is suspected of embezzling funds from victims and second-tier banks. The investigation revealed that between 2022 and 2024, three Kazakh citizens formed an organized criminal group and developed a scheme for issuing loans known to be non-repayable.
"To implement the criminal plan, they involved citizens in obtaining bank loans to purchase cars. Subsequently, the criminals sold these cars and used the proceeds for their own needs," the statement said.
Additionally, the group members used another fraudulent scheme involving bank loans for non-existent cars. For this, fictitious vehicles were illegally registered at the Special Public Service Center in Almaty as if imported from Kyrgyzstan. Then, loans were taken out from second-tier banks in the names of third parties to "purchase" them. The accomplices also used the funds obtained this way for personal purposes.
As a result of the illegal actions, two financial institutions and 77 victims suffered material damage totaling over 1.8 billion tenge. The investigation into two members of the criminal group has been completed, and the criminal case has been sent to court. The third participant went into hiding after committing the crime and was put on the wanted list.
"As a result of operational search activities, he was identified and detained on the territory of the Kyrgyz Republic. Later, at the request of the Prosecutor General's Office of Kazakhstan, he was extradited to the country. Currently, the suspect is in a detention center," the Prosecutor General's Office said.
The crime he is charged with carries a penalty of up to 10 years in prison with confiscation of property.