RFE/RL Investigation: Nazarbaev Relatives Have Invested $785 Million In Luxury Properties In Six Countries

An RFE/RL investigation shows the relatives of former Kazakh President Nursultan Nazarbaev have invested nearly $785 million in luxury properties in at least six countries over a 20-year…

An RFE/RL investigation shows the relatives of former Kazakh President Nursultan Nazarbaev have invested nearly $785 million in luxury properties in at least six countries over a 20-year time span.

The investigation, published on December 22, is not a comprehensive accounting of all the real estate investments made by Nazarbaev’s children, grandchildren, in-laws, or other politically connected Kazakh elite, but for the first time attempts to document and value those investments, some of which have drawn media and legal scrutiny over the years or been the source of controversy.

SPECIAL REPORT: Big Houses, Deep Pockets

A luxury hillside villa in Cannes, France, figured into a bitter, multiyear lawsuit between Nazarbaev’s brother, Bolat, and his ex-wife Maira Kurmangalieva, as did posh apartments on New York City’s Wall Street and overlooking Central Park.

A palatial, ocean-side estate on Spain’s Costa Brava owned by Timur Kulibaev, the husband of Nazarbaev’s second daughter, Dinara, has been a regular source of controversy, as local environmentalists have fought the estate’s efforts to close an access road. Nazarbaev has reportedly visited the property, known as Can Juncadella.

Several U.K. properties linked to Nazarbaev’s eldest daughter, Darigha, and her son Nurali have been the target of Britain’s National Crime Agency, which charged that the funds used to purchase the properties may have come from illicit sources. A court in April, however, dismissed those allegations.

Darigha also owns part of a block of townhouses on London’s famous Baker Street, whose acquisition was made using anonymous shell companies.

The father-in-law of Darigha’s other son, Aisultan, owns a luxury estate southwest of London, near a famous golf course, and hotels in the Czech Republic.

And Kulibaev’s purchase and renovations of the U.K. mansion once owned by Prince Andrew have drawn scrutiny from British newspapers.

In Switzerland, Nazarbaev’s second daughter, Dinara, owns two chateau-type mansions on the shores of Lake Geneva.

And Kulibaev has also been tied to a historic property in Lugano, in southern Switzerland, and a semi-dilapidated spa on a hilltop overlooking the historic Czech spa town of Karlovy Vary.

Between 1991 and 2019, Nazarbaev was Kazakhstan’s singular political leader, holding an iron grip over the country’s political life and stamping out any rival attempts to challenge him.

The country’s prosperity grew substantially during that period, fueled by its large oil and gas reserves, but corruption and nepotism in the country became entrenched.

Anti-corruption activists and Central Asian researchers have said a clan-type system benefiting a narrowing group of elites poses a long-term danger.

Kazakhstan ranked 113th of 198 countries on Transparency International’s corruption index in 2019 and was 157th on Reporters Without Borders 2020 World Press Freedom Index.

This post was originally published on Radio Free.


Print Share Comment Cite Upload Translate
APA
Radio Free | radiofree.asia (2021-07-30T23:48:14+00:00) » RFE/RL Investigation: Nazarbaev Relatives Have Invested $785 Million In Luxury Properties In Six Countries. Retrieved from https://radiofree.asia/2020/12/22/rfe-rl-investigation-nazarbaev-relatives-have-invested-785-million-in-luxury-properties-in-six-countries/.
MLA
" » RFE/RL Investigation: Nazarbaev Relatives Have Invested $785 Million In Luxury Properties In Six Countries." Radio Free | radiofree.asia - Tuesday December 22, 2020, https://radiofree.asia/2020/12/22/rfe-rl-investigation-nazarbaev-relatives-have-invested-785-million-in-luxury-properties-in-six-countries/
HARVARD
Radio Free | radiofree.asia Tuesday December 22, 2020 » RFE/RL Investigation: Nazarbaev Relatives Have Invested $785 Million In Luxury Properties In Six Countries., viewed 2021-07-30T23:48:14+00:00,<https://radiofree.asia/2020/12/22/rfe-rl-investigation-nazarbaev-relatives-have-invested-785-million-in-luxury-properties-in-six-countries/>
VANCOUVER
Radio Free | radiofree.asia - » RFE/RL Investigation: Nazarbaev Relatives Have Invested $785 Million In Luxury Properties In Six Countries. [Internet]. [Accessed 2021-07-30T23:48:14+00:00]. Available from: https://radiofree.asia/2020/12/22/rfe-rl-investigation-nazarbaev-relatives-have-invested-785-million-in-luxury-properties-in-six-countries/
CHICAGO
" » RFE/RL Investigation: Nazarbaev Relatives Have Invested $785 Million In Luxury Properties In Six Countries." Radio Free | radiofree.asia - Accessed 2021-07-30T23:48:14+00:00. https://radiofree.asia/2020/12/22/rfe-rl-investigation-nazarbaev-relatives-have-invested-785-million-in-luxury-properties-in-six-countries/
IEEE
" » RFE/RL Investigation: Nazarbaev Relatives Have Invested $785 Million In Luxury Properties In Six Countries." Radio Free | radiofree.asia [Online]. Available: https://radiofree.asia/2020/12/22/rfe-rl-investigation-nazarbaev-relatives-have-invested-785-million-in-luxury-properties-in-six-countries/. [Accessed: 2021-07-30T23:48:14+00:00]
rf:citation
» RFE/RL Investigation: Nazarbaev Relatives Have Invested $785 Million In Luxury Properties In Six Countries | Radio Free | radiofree.asia | https://radiofree.asia/2020/12/22/rfe-rl-investigation-nazarbaev-relatives-have-invested-785-million-in-luxury-properties-in-six-countries/ | 2021-07-30T23:48:14+00:00
https://github.com/addpipe/simple-recorderjs-demo



A Free News Initiative

Investigative Journalism for People, Not Profits.

Discussion