Kazakhstan’s Prosecutor General Berik Assylov has reported the recovery of KZT 262bn ($548mn) in assets, including $205 mn sourced from abroad. Property and shares worth KZT 82bn ($171mn) were transferred to the state asset management company as part of the recovery efforts. Additionally, agreements were reached for the return of assets valued at KZT 450bn ($941mn).

The report also highlighted legal assistance provided to 445 investors who contributed 8.3 trillion tenge ($17 bn) to the Kazakh economy. Through the “prosecutor’s filter,” 500 state body decisions unfavourable to investors were rejected to bolster investor confidence in state institutions.

Regarding land reclamation efforts, 17mn hectares of land have been returned to state use over the past four years, significantly addressing the deficit in pasture land. The shortage of pasture has been reduced from 29 mn hectares to 8 mn hectares. Additionally, the rights of 11,000 shareholders have been reinstated, further supporting Kazakhstan’s economic and land management reforms.

These developments were presented by Assylov during a meeting with President Kassym-Jomart Tokayev, as part of ongoing efforts to improve asset recovery, investor relations, and land management in the country.