Kazakhstan has returned assets worth $2 billion in 2 years - Antikor

Kazakhstan has returned assets worth $2 billion in 2 years - Antikor

ASTANA, September 11 - Sputnik. Kazakhstan has returned assets worth $2 billion in 2 years, the Anti-Corruption Service reports.

Previously, the Ministry of Justice reported that in total assets worth $160 billion were withdrawn from Kazakhstan.

A meeting of law enforcement practitioners was held in Kazakhstan to exchange experience and strengthen the international fight against corruption.

“Kazakhstan presented its experience in asset recovery. Over the past 2 years, assets and funds worth about $2 billion have been returned to the state,” Antikor said in a statement.

Kazakhstan has adopted a separate law on asset recovery. It applies to people who have assets exceeding the threshold of 13 million MCI (44 billion 850 million tenge, or about $96 million).

It was previously reported that Kazakhstan intends to create a company to manage returned assets; a draft government resolution appeared on the Open Legal and Legal Entities portal.

Let us remind you that on July 12, the President of Kazakhstan Kassym-Jomart Tokayev signed the law “On the return of illegally acquired assets to the state.”