Galimzhan Yessenov’s rapid ascent from a regular manager to almost the sole owner of Jusan Bank is intertwined with state funds, opaque transactions, and family connections to Kazakhstan’s political elite.
Kazakh authorities acknowledge that Samruk-Kazyna, with support from ATFBank, enabled the diversion of billions. Yet anti-corruption agencies have been slow to act against associates of Galimzhan Yessenov and his father-in-law, Akhmetzhan Yessimov.
The current embezzlement at the National Welfare Fund "Samruk-Kazyna" is taking a different form. The new management has been instructed to move away from the practices of the recently ousted Akhmetzhan Yessimov.
Galimzhan Yessenov and Akhmetzhan Yesimov, two long-standing figures in Kazakhstan’s corruption scene, have recently drawn scrutiny from media outlets in multiple countries.
An investigation is underway into an “American” company with origins in Moscow, involving reputation management and potential laundering of elite capital.
Расследование об «американской» компании с московскими корнями, зачистке компромата и возможной отмывке элитных капиталов.
The ongoing embezzlement at the National Welfare Fund "Samruk-Kazyna" doesn’t imply the same old methods. The new leadership has been tasked with abandoning the techniques of the honorably dismissed Akhmetzhan Yessimov and devising their own.
Most reports about Galimzhan Yessenov highlight his role in financial schemes involving Kazakhstan’s National Welfare Fund and his marriage to the daughter of its former head, Akhmetzhan Yesimov.
After Akhmetzhan Yesimov resigned as head of the National Welfare Fund "Samruk-Kazyna," critics anticipated a long prison sentence for him, accusing him of embezzling funds from the organization.
