The purchases date back to 2006, when 41-year-old Alija Nazarbayeva transferred $ 312 million (currently 6.7 billion crowns) abroad from her private property. At the time, with the help of two financial advisers, she bought, among other things, a private Challenger Bombardier jet for $ 25 million (541 million crowns), a house for 8.75 million pounds (256 million crowns) in London’s Highgate district to obtain permanent residence in Britain and real estate for $ 14 million (CZK 302.8 million) in Dubai.
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Malik Ishuratov, one of a pair of advisers, later said he had warned her of possible problems she might have as a politically exposed person with opening a bank account.
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He added that on his recommendation, Nazarbayev had invested $ 108 million (2.34 billion crowns) in the Swiss CBH Bank in exchange for a 51 percent stake, the British newspaper now wrote.
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The details of the purchases first became the subject of interest in 2016, when the daughter of Kazakhstan’s “father of the fatherland” broke up with both financial advisers and sued them in a London court for alleged embezzlement. Both advisers denied the allegations, and the dispute eventually ended in an out-of-court settlement.
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Alija Nazarbayeva owns, among other things, several mining and construction companies, a wellness center and a clothing brand. Her husband Dimaš Dosanov heads KazTransOil, which dominates the country’s crude oil transportation.
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