Kazakhstan's National Welfare Fund Samruk-Kazin plans to conducts checks in all subsidiaries to prevent illegal amortization of assets. The decision was adopted following a scandal regarding Kaztomprom state-owned company, DW-WORLD.DE reported.
Samruk-Kazy" will check all the transactions of subsidiaries on amortization alienation of assets. The decision was adopted in connection with violations identified by the Prosecutor General in activities of former management of the national atomic company Kazatomprom.
The document said comprehensive inspections will be conducted "in order to detect possible violations of similar laws in this area and to take prompt action to protect the interests of the state."
The statement by Samruk-Kazyna subsidiaries of which account for 40 per cent of Kazakhstan's GDP, was issued a after day after against the ex-head of the Kazatomprom Mukhtar Dzhakisheva was charged with illegal sale of uranium deposits in Kazakhstan, AFP reported.
Opposition says criminal case is fabricated
Meanwhile, leaders of Kazakh opposition party Azat (Freedom) believe that the criminal charges against Dzhakishev are fabricated. Kazatomprom is 100 percent state-owned company. All shares are owned by Ministry of Energy and Mineral Resources. This is not a private shop where Dzhakishev can hand out fields to the right and left. It is impossible," party's Chairman Bulat Abilov said at a press conference.
He said all illegal contracts that Dzhakishev is accused of was also signed Minister of Energy and Mineral Resources or his assistants. Abilov believes that the former manager is prosecuted fact that he dealt with former chairman of the Board of Directors of "BTA Bank" Mukhtar Ablyahov quickly.
Later, the state established control over the bank. In response, the shareholders sued Kazakhstan for damages in the amount of 3 billion U.S. dollars. A suit was filed also against Ablyakhov. However, a former banker, who moved into opposition against president, can not be accessed Kazakh law enforcement bodies in London, where he describes multibillion suits by government as illegal control over the Bank BTA Bank.