27 members of an organized criminal group that embezzled over 3 billion tenge in budget funds have been convicted in Turkistan. This was reported by Qazaqyia.kz citing Sputnik Kazakhstan.
According to the Financial Monitoring Agency, each convict received a prison sentence ranging from 6 to 8 years, depending on their role in the crime.
It was established that in 2016–2021, the management of KT Yassy Nesiye LLP organized a scheme to embezzle funds allocated by Agrarian Credit Corporation JSC under an agribusiness support program for purchasing cattle. To obtain loans, fake peasant farms and individual entrepreneurs were registered in the names of fictitious persons.
The applications were accompanied by forged business plans, title documents, and collateral property that did not actually exist. Lending specialists prepared the necessary documents, drafting fake credit reports, inspection acts, and documents on the targeted use of funds, creating a false impression of legitimate loan issuance. Appraisers and collateral specialists produced fake property valuation reports, confirming the existence of non-existent or overvalued property. Notaries, for monetary compensation, certified forged documents on collateral property.
The investigation revealed 33 criminal offenses. 24 fictitious loans were processed, and 54 non-existent objects were provided as collateral. By court decision, 19 residential houses, 10 land plots, 2 apartments, 4 commercial premises, and 4 vehicles were confiscated to the state revenue. The court verdict has not yet entered into legal force.