Aliya Nazarbayeva moved $312 million to an offshore account

The former president of Kazakhstan's youngest daughter purchased a house in London, a villa in Dubai, a Challenger Bombardier jet, and a 51% share in a Swiss bank

Nazarbayev’s youngest daughter took out over $300 million from Kazakhstan and used it to buy luxury properties, a private jet, and other assets, as per The Telegraph. The details came to light through a lawsuit filed by Nazarbayeva against her financial advisors.

Aliya Nazarbayeva, the youngest daughter of ex-Kazakh President Nursultan Nazarbayev, moved over $300 million out of Kazakhstan, acting on the advice of financial advisors. She spent this on luxury real estate, a private jet, and other assets, according to The Telegraph.

The claim stems from a legal case filed by Nazarbayeva against her financial consultants Malik Ishmuratov and Denis Korotkov-Koganovich for £165 million ($233 million) in the London High Court. The lawsuit accuses the defendants of dishonesty, misappropriation of funds, conspiracy to commit fraud, unjust enrichment, and more.

As per court documents obtained by the publication, Nazarbayeva alleged that consultants persuaded her to move the money out of Kazakhstan, arguing it wasn't safe there. She stated she earned $325 million from selling shares in Kazakh companies and transferred a total of $312 million to a network of offshore trusts and companies “from Liechtenstein to the British Virgin Islands.”

According to The Telegraph, Nazarbayeva used the money to purchase high-end properties, including a private Challenger Bombardier jet valued at $25 million, an £8.75 million ($11.6 million) house in London for gaining residency in the UK, and also acquired a 51% stake in a Swiss bank.

According to novayagazeta.ru, 01/10/2022, “The Telegraph: Nazarbayev’s daughter withdrew about $300 million from Kazakhstan, spending them on a plane, a villa in Dubai and a mansion in London”: Journalists note that the daughter of the first president of Kazakhstan also acquired several properties in Dubai, including a villa on the artificial island of Palm Jumeirah. She spent about $14 million on this. […]

Aliya Nazarbayeva studied International Relations at the University of Richmond in London. She has worked in the Administration of the President of Kazakhstan and has also been involved in producing documentaries and feature films.

Nursultan Nazarbayev, Aliya’s father, took charge of the country’s Security Council after stepping down as President of Kazakhstan, wielding significant influence. Amid widespread protests that started in the country on January 2, the current president, Kassym-Jomart Tokayev, removed the politician from his position and took over his duties.

Nazarbayeva stated that Ishmuratov informed her that, being a politically exposed individual, she couldn't simply open a bank account, and instead needed to purchase a bank to resolve this issue. The documents reveal that Nazarbayeva, following Ishmuratov’s advice, invested $108 million in a private Swiss bank, CBH Bank, in exchange for a 51% ownership stake.

Nazarbayeva’s lawsuit was filed back in 2016, but the details of the case became known only now, the newspaper notes. Representatives of Ishmuratov and Korotkov-Koganovich said, upon inquiry, that the unfounded accusations against them were dismissed by the court, and after that a settlement agreement was reached. Nazarbayeva herself did not respond to a request for comment.

“Radio Azattyk”, Kazakhstan, 09/17/2021, “Nazarbayev’s daughter presented a book in Almaty. Events banned in the city due to quarantine”: Aliya Nazarbayeva, 41, is the youngest daughter of former Kazakh President Nursultan Nazarbayev and his wife Sarah. […]

This year, Aliya Nazarbayeva made headlines in the Swiss media in connection with the suicide of a doctor who, according to the press, owed a large amount of money to the company of the daughter of the former president of Kazakhstan, who was going to build a medical clinic for wealthy people in a European country. – Inset K.ru

Kaktus.media, 03/20/2019, “What is known about the members of Nursultan Nazarbayev’s family”: The youngest daughter of the Kazakh leader owns a chain of fitness clubs, the Alsara jewelry company, and manages the Elitstroy construction company. She also owns a production company that makes documentaries. Last year, as a producer, she received a state award for the film “The Road to Mother”, and her father presented the award to her. Now she is working on the historical film “Tomiris”, which is scheduled for release in May 2019.

In the early 2000s, she was married to Aidar Akaev, the eldest son of Askar Akaev. The life of the young did not work out, and the couple soon divorced. Then she married a businessman and football player Daniyar Khasenov, from whom she gave birth to two daughters.

Now she is married to Dimash Dosanov. He has worked in the oil business for many years and is now the head of Kaztransoil, the largest oil supplier in Kazakhstan.

Aliya Nazarbayeva is the mother of four children. – Inset K.ru