Uncovered in Atyrau: Fraudulent billing scheme involving 1.8 billion tenge
In a significant development, a group led by Kanat Ibrayev, along with his associates Almas Argalash and Timur Tiyakpaev, has been found guilty of organizing a money laundering scheme involving fake invoices worth 1.8 billion tenge.
According to the Financial Monitoring Agency's press service, the scheme was uncovered and reported, resulting in the state losing over 590 million tenge in taxes. During the investigation, the accused voluntarily compensated 236 million tenge.
The court's verdict is not yet in effect, but Tiyakpaev was sentenced to a prison term of four years, Argalash to three years and eight months, and Bulatov to two years and four months. The court also seized four vehicles, two apartments, a house, and an apartment in Atyrau, as well as a vehicle purchased with criminal proceeds, in favor of the state.
In a related development, Tiyakpaev transferred 342 million tenge in criminal proceeds to his wife's personal account. However, no new sentences were provided about the prison terms for Tiyakpaev, Argalash, and Bulatov, nor were any details provided about the compensations made by the accused or the involvement of dentistry in siphoning pension funds.
The court maintained the seizure of the rest of the seized property pending a civil lawsuit. It's important to note that no dismantling of organised crime groups (OCGs) or financial pyramids was reported in this case. The exact value of the money laundering scheme or the state's lost taxes remains undisclosed.
This case serves as a reminder of the ongoing efforts to combat financial crimes and protect the integrity of the Kazakhstan's financial system. The court's decision is a significant step towards ensuring justice and accountability for those involved in such illegal activities.
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