The Department of the Financial Monitoring Agency (AFM) in the city of Shymkent has completed an investigation into the embezzlement of budget funds on a particularly large scale and the legalization of criminally obtained assets at the M.Auezov South Kazakhstan University.

Among the suspects are the acting rector, the directors of the financial and administrative departments, as well as the heads of affiliated contracting organizations.

The investigation established that the university had signed fictitious contracts for services, construction and installation works, and the supply of goods totaling 256 million tenge.

However, the specified works were not actually carried out, and the budget funds were transferred to the accounts of affiliated contractors based on forged certificates of completed work, and subsequently cashed out.

With the proceeds of the crime, the suspects purchased six luxury vehicles (including a Mercedes-Benz S-Class, Lexus LX570, and others) and a luxury cottage in the center of Shymkent, with a total value of 254 million tenge. These assets have been seized with court approval.

Four of the suspects have been placed under house arrest.

The criminal case has been submitted to court.

AFM PRESS SERVICE

Source : https://www.gov.kz/memleket/entities/afm-aktobe/press/news/details/998508?lang=kk