Kazakhstan Recovers $2.2 Billion in Illegally Withdrawn Assets
Kazakhstan Returns $2.2 Billion in Illegally Withdrawn Assets, Expands Anti-Corruption Efforts
ASTANA – Kazakhstan has successfully returned 1.07 trillion tenge (US$2.2 billion) in illegally withdrawn assets over the past 2.5 years, including from oligopolies, announced Chairman of the Anti-Corruption Service Askhat Zhumagali on July 12.
In a recent statement, Zhumagali highlighted the significant progress made by the Anti-Corruption Agency of Kazakhstan, noting that since the beginning of this year alone, nearly 195 billion tenge (US$410 million) has been reimbursed.
The agency’s efforts have also resulted in the recovery of $736 million in the form of money, securities, real estate, and jewelry from countries such as Austria, France, Liechtenstein, Russia, Türkiye, and the United Arab Emirates (UAE).
Furthermore, Zhumagali disclosed that the agency has established 13 memorandums with anti-corruption bodies worldwide, with four new agreements signed this year with Azerbaijan, Hong Kong, Qatar, and Russia.
Looking ahead, the Anti-Corruption Agency of Kazakhstan aims to enhance collaboration in three key regions – Europe, the Middle East, and Southeast Asia, as part of its ongoing efforts to combat corrupt practices and ensure transparency in financial transactions.
These recent developments underscore Kazakhstan’s commitment to combating corruption and promoting accountability, both domestically and internationally.
