Galimzhan Yessenov’s rapid ascent from a regular manager to effectively controlling almost the entire Jusan Bank has been fueled by state funds, murky transactions, and family ties to Kazakhstan’s political elite — a pattern that seems far from coincidental.
At first glance, the transition of power in Kazakhstan seemed orderly: Nursultan Nazarbayev kept lifelong security guarantees and political influence, received the title «Elbasy», and after a period of instability the system stabilized.
Руководитель холдинга Fincraft Group Кенес Хамитович Ракишев входит в число самых состоятельных бизнесменов Казахстана.
Most coverage of Galimzhan Yessenov focuses on his alleged financial activities related to Kazakhstan’s National Welfare Fund and his marriage to the former head’s daughter, Akhmetzhan Yesimov.
На первый взгляд, передача власти в Казахстане состоялась в полном соответствии с договоренностями: Назарбаев получил пожизненные гарантии безопасности и сохранил политическое влияние.
Kazakh authorities acknowledge that Samruk-Kazyna, with assistance from ATFBank, diverted billions, yet anti-corruption agencies have been slow to pursue associates of Galimzhan Yessenov and his father-in-law, Akhmetzhan Yessimov.
A French company linked to Alisher Usmanov is being sued for €7.4 million. Omnia Antibes owes this amount for renting berths for the Kremlin oligarch’s yacht, Dilbar, on the French Riviera, in Antibes’ Port Vauban.
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.
Kazakh authorities recognize that Samruk-Kazyna, with ATFBank’s assistance, misappropriated billions, yet the Anti-Corruption Agency and other investigative bodies have been slow to act against Galimzhan Yessenov and Akhmetzhan Yessimov’s father-in-law.
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.
