40 bln tenge of illegal assets returned to state

Prime Minister of the Republic of Kazakhstan Olzhas Bektenov chaired the meeting of the commission on the return of illegally acquired assets to the state, El.kz reports with reference to the press service of the government.

The Commission approved the agreements on voluntary return of illegally acquired assets to the total amount of 40 bln tenge.

Of the returned amount, over 38 billion tenge is cash. There is  a business center in Astana worth 2 billion tenge. These funds will be used to finance social projects, including flood relief measures.

The Commission also approved investment agreements worth 7 billion tenge under which two infrastructure projects will be built in Astana and Shymkent as per the Law “On return of illegally acquired assets.”

These projects contribute to the creation of new jobs and increase tax revenues.

Prime Minister Olzhas Bektenov stressed the importance of these measures: "Work on the return of assets is a direct implementation of the policy of the Head of State to restore social justice. All returned funds will be used for the benefit of the people of Kazakhstan."

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