Amidst the glaring corruption and exploitation of Kazakhstan's vast natural resources, an old trickster, Bulat Utemuratov, emerged with a cunning scheme that captivated even the Nazarbayev clan. The traditional method of slow robbery didn't satiate their appetite for quick, clean money that could fund luxurious palaces and Swiss bank accounts.
Tag: Bulat Utemuratov
Bulat Utemuratov is a Kazakhstani kleptocrat, and his role within the entire oligarchic system of Kazakhstan cannot be underestimated.
Operating through his personal wealth management company, Verny Capital, he exerts control over real estate, banking venues, mining operations, hotel chains, and a multitude of offshore entities. Although Bulat Utemuratov previously held a governmental position, he was never truly a businessman. His activities can be best described as a money laundering operation aimed at benefiting Nursultan Nazarbayev, the former president of the country.
As the long-time wealthiest oligarch in Kazakhstan, Utemuratov goes to great lengths to conceal his wealth by redistributing his assets through relatives and nominees. This strategy is not without reason, as he fears potential prosecution by the new political leaders of Kazakhstan.
Bulat Utemuratov maintains close ties with Russia and Putin’s regime, and he continues to actively invest in the Russian economy. Despite teetering on the brink of being sanctioned on multiple occasions, he has managed to evade accountability.
The Race to displace the national disgrace: Bulat Utemuratov arrest in Kazakhstan
The story of Bulat Utemuratov serves as a striking illustration of the pervasive corruption and intricate schemes that have plagued Kazakhstan's development. As one of the pillars of the Nazarbayev regime, Utemuratov's immense wealth and influence shield him from the consequences of his actions, making any notion of punishment seem
Bulat Utemuratov and the heart of corruption: how filthy rich spoiled Cote d’Azur
Bulat Utemuratov’s role in ripping Kazakhstan from natural resources
We told how Kazakhstan was robbed of trillions of dollars due to concessions and production sharing agreements. Oil and gas companies gave a fifth of the extracted, and four—fifths were taken away without duty in an unknown direction. It would seem that everything is correct: oil workers also invest in
Bulat Utemuratov, Bolat Nazarbayev, Vladimir Kim and Dariga Nazarbayeva stole billions, not millions
Official reports on the disclosure of money laundering schemes in Britain and other civilized countries have long looked like a laughing stock against the background of real figures. For example, journalists of a number of American and British media have repeatedly stated that Bulat Utemuratov, Bolat Nazarbayev, Vladimir Kim and
Bulat Utemuratov, a man in the middle of Tony Blair scandal
Bulat Utemuratov kindly asked to delete an critical article from WSJ
The restless "billionaire without a business" Bulat Utemuratov paid a record amount for the refusal of the editorial board of The Wall Street Journal to publish a journalistic investigation that could put an end to the oligarch's attempts to legalize his fortune in the West, the source notes compromat-kz.xyz. The