The rich man, Utemuratov received a loan of 126.8 billions tenge from the state for the gold business

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Bolat Utemuratov is one of the richest people in the country. They have  a business in every sphere of Kazakhstan. It is known that he owns the assets of RG Gold and RG Processing, which produce gold in Kazakhstan, the national portal Adyrna reports citing

He received a total of 126.8 billions tenge in loans from the Development Bank of Kazakhstan in 2010-2014 and 2015-2019 under the Industrial and Innovative Development Program to expand the gold mining business.

It is no exaggeration to say that gold mining is one of the most successful industries in the country. However, it is not clear that in those years the Development Bank of Kazakhstan overcame many issues and provided significant loans to support the oligarch's gold production. After that, the story goes that the Development Bank of Kazakhstan has become a wallet for people close to the Nazarbayev family.

Shishkin_like reports that RG Gold and RG Processing are owned by Bolat Utemuratov, who is close to the Nazarbayev family. At that time, Turemuratov chased away a lot of money allocated by the state through Temirbank (now ForteBank).

As of May 2022, 64-year-old Bolat Utemuratov is the sixth richest man in the country with a fortune of $ 2.8 billion.

89.35% of ForteBank (the bank's capital amounted to 277.7 billion tenge, total assets reached 2.42 trillion tenge), in addition, 25% of "Kar-Tel" LLP, 49% of "Sky Mobile" It should be noted that 9% is in the interests of Turemuratov.

National portal "Adyrna"