Featured

Swiss prosecutors reportedly target Nazarbayev, Kulibayev

naz sovKazakh leader Nursultan Nazarbayev and his son-in-law Timur Kulibyev are facing a lawsuit for laundering at least $436 million, Swiss media reported a lawyer involved in the case as saying on Monday.

Though Kulibayev was already under investigation for laundering $645 million in a deal involving the sale of his shares in state-owned KazMunaiGaz (KMG), the probe has widened to include Nazarbayev, Swiss lawyer Bruno de Preux told the news agency.

Swiss prosecutors are now looking into Nazarbayev's role in pocketing $100 million after the sale of state-operated satellite television group Khabar Agency, the Swissinfo.ch news agency reported on Monday.

A group of Kazakhs who remain unnamed are responsible for bringing the suit forward in Swiss courts. De Preux is representing them in court.

The money was reportedly routed through a delegate working in Kazakhstan's mission to the UN in Geneva. According to the lawyer representing the Kazakh group, the $100 million was deposited in Zurich in a Credit Suisse account.

However, federal prosecutors have refused to confirm whether Nazarbayev is targeted by the lawsuit.

www.universalnewswires.com

Experts of the Committee against Torture Commend Kazakhstan for Enhanced Legislation

Experts of the Committee against Torture Commend Kazakhstan for Enhanced Legislation

More details
Kazakh official: Not the time to resolve differences through war

Kazakh official: Not the time to resolve differences through war

More details
Oil majors sued by Kazakh government over billions in revenue

Oil majors sued by Kazakh government over billions in revenue

More details