Former Kazakh premier jailed for 10 years for corruption

Former Kazakh premier jailed for 10 years for corruption
By bne IntelliNews December 14, 2015

Serik Akhmetov, the former prime minister of Kazakhstan, has been sentenced to 10 years in prison and the confiscation of his property for corruption, according to a judgement issued by the Karaganda Region Court on December 11.

Baurzhan Abdishev, the former governor of Karaganda region, was sentenced to five years in prison and the former mayor of Karaganda, Meyram Smagulov, received a three-year prison term. Along with Akhmetov, Abdishev and Smagulov a further 18 former officials from the region and city were tried on seven counts of corruption, embezzlement and abuse of power, the evidence for which was presented in 338 volumes.

The targeting of a functionary who lacks charisma or an independent position, together with officials from an unimportant region, may serve as a warning to other, more influential, members of the elite about what fate they would face should they annoy President Nursultan Nazarbayev and his trusted lieutenants.

Akhmetov, 57, was charged and placed under house arrest in November 2014 after prosecutors in Karaganda launched a criminal probe into serious corruption crimes committed by former leaders of Karaganda region and the city of Karaganda, as well as the Saryarka social entrepreneurial corporation, Metallurgy-Metal Processing special economic zone and KazAgroFinance.

Akhmetov, who was prime minister between September 2012 and April 2014 and defence minister between April and October 2014, headed Karaganda Region in November 2009 and January 2012. He was also mayor of Temirtau in Karaganda Region in 2001-2003.

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss