Thread by @Ordakazakhstan_

❗️LONG THREAD❗️
Mansions in London, luxury yachts and offshore – what else does Nurali Aliyev own?

Nurali Aliyev is the first grandson of the ex–president of Kazakhstan and the son of Dariga Nazarbayeva and Rakhat Aliyev.
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Telecommunications magnate
Transtelecom is one of the largest telecom operators in #Kazakhstan, specializing in telecommunications, digitalization and system integration in the field of communications, automation and energy; it is a member of the register of natural monopolies./2

The acquisition of such a significant strategic facility as Transtelecom took place slowly and systematically.

Marlen Mukhanov had been collecting Transtelecom shares for five years in order to transfer them all to Nurali Aliyev.
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The fact that Marlen Mukhanov is Nurali Aliyev's confidant has been known since 2009. Then Marlen was mentioned as Nurali's confidant in the list of shareholders of Nurbank.
kase.kz/files/emitters…
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In 2015, Marlene acquired 49% of Transtelecom shares for 8.94 billion KZT.
adilet.zan.kz/rus/docs/P1600…
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At the same time, the amount of the transaction was announced in May 2015, but the government's decision on alienation was dated February 25, 2016 – after the collapse of the tenge in August
primeminister.kz/ru/news/prodan…
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In 2016, Transtelecom received a $12 million loan from the #Eurasian Development Bank for new projects. In the same year, Nurali Aliyev became chairman of the Board of Directors of the company.
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In May 2018, Marlen Mukhanov bought another 26% of the shares minus one share as a result of bidding in an open two-stage tender for 9.45 billion tenge.
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Six months later, in October, Transtelecom, together with the Russian company Transtelecom, announced the implementation of a joint project to launch a cross-border network transition. The junction made it possible to form a transit data transfer route between Europe and Asia.
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A couple of years later, in February 2021, Marlen Mukhanov sold all his shares to Nurali Aliyev's company. Unit Telecom received the controlling stake: 75% minus one share. Another 25% of Transtelecom shares now belong to the national company Kazakhstan Temir Zholy. /10
egov ph.

At the time of purchase, the authorized capital of Transtelecom was 12.241 billion KZT, and net profit was 202.623 million KZT.Monopolization in the field of subsidizing the agricultural market
Transtelecom is one of the owners of the Subsidies module on the Qoldau platform.
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This system is designed for applications for agricultural subsidies, but the system has been hit by a barrage of criticism from farmers and the Ministry of Agriculture because of the fee that must be paid for its use.
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In April of this year, a meeting of the Commission on the Demonopolization of the Economy under the Government of the Republic of Kazakhstan was held. /13
primeminister.kz/ru/news/sostoy…

At the meeting, it was proposed to "analyze the sale of shares of Transtelecom JSC to private individuals (Marlen Mukhanov, and then Nurali Aliyev.), as well as possible damage to the state during alienation."
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Orda.kz sent a request to the Ministry of Digital Development of the Republic of Kazakhstan regarding the alienation of Transtelecom.
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Three weeks later, the department replied that "the determination of the damage analysis from the completed transaction for the sale of shares of 75% of the block of shares minus one share of Transtelecom joint stock company is not within the competence of the ministry."
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In addition, Bagdat Musin stated that Transtelecom monopolized certain types of activities. For example, Transtelecom has the exclusive right to lay a fiber-optic communication line along the bottom of the Caspian Sea.
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Prime Minister Alikhan Smailov instructed the Ministry of Digital Development to hold talks with the Azerbaijani side on replacing Transtelecom with another Kazakh operator. Now they want to replace Transtelecom with the national Kazakhtelecom.
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The legislative regulation of the prices of access to the networks of Kazakhtelecom JSC and Transtelecom JSC was also discussed, it was proposed to analyze the validity of the tariffs of Transtelecom JSC regarding the engineering infrastructure for data processing centers.
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Offshore grandson
Nurali Aliyev announced in 2016 that he was leaving the post of deputy akim so he could engage in business.
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However, Nurali Aliyev's departure from the civil service chronologically coincided with the results of the investigation of the journalists of the Panama Dossier.

The documents were obtained by the German newspaper Süddeutsche Zeitung in 2015 from an anonymous source.
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During the year, a group of international journalists under the supervision of the International Consortium of Investigative Journalists (ICIJ) of the Center for the Study of Organized Crime and Corruption studied the documents.
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The results of the investigation were published in April 2016. They reveal offshore companies, secret real estate and the business of state leaders, high-ranking officials and celebrities hidden from prying eyes.
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Nurali Aliyev is no exception. According to the Panama archive, the grandson of the first president owned/managed companies registered in the British Virgin Islands, Switzerland, Great Britain and has real estate in London and Chelsea.
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Offshore companies
According to the OCCRP, Alba International is a company registered in the British Virgin Islands (BVI). As its activity, it is indicated that the company "has a bank account in Cyprus" – another offshore paradise.
occrp.org/en/panamapaper…
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Askar Tarabayev was listed as the head of the company at the time of the document leak. In 2013, he also managed the British company Finnesse Executive Ltd., associated with Nurali Aliyev through another person – Muhammad-Ali Kurmanbayev.
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He has represented Aliyev's interests in a number of transactions, for example, when selling an elite yacht or buying London real estate.
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Yacht "Nomad"

Yacht model Astondoa A-766. Source: Itboat.com
The Baltimore Alliance Inc. company was registered in early 2008 in BVI.
cdn.occrp.org/projects/panam…..
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Three months after its inception, the company acquired a 23-meter new yacht Astondoa A-766, built in the same year in Spain by Astilleros Astondoa S.A.
cdn.occrp.org/projects/panam…
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The price of the yacht is not indicated anywhere, but the same model, used, costs about $ 1.8 million. According to the Panama papers, Aliyev himself chose the name of the yacht – "Nomad".
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The yacht was entered into the BVI Water Transport Register on June 11, 2008. On the same day, Aliyev's name was entered into the register of shareholders at the request of Kurmanbayev.
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cdn.occrp.org/projects/panam…..
cdn.occrp.org/projects/panam…..

However, the yacht apparently did not reach Aliyev. During transportation from the Italian port of Genoa to Jebel Ali in the UAE, the Nomad was severely damaged. The captain transporting the yacht was forced to unload the yacht in the Italian port of Civitavecchia near Rome. /32

A lawsuit had then began between the carrier company and the Baltimore Alliance over damages and the seizure of the vessel. At that time, Aliyev sold his share from Baltimore – Schneider Systems Ltd.
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All other shares were transferred to Greatex Trade and Invest Corp, which was also controlled by Nurali Aliyev.
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cdn.occrp.org/projects/panam…..

In 2011, Aliyev decided to sell the damaged yacht through Kurmanbayev, who at that time was listed as an employee of Greatex Trade and Invest Corp.
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cdn.occrp.org/projects/panam…
cdn.occrp.org/projects/panam…
cdn.occrp.org/projects/panam…..

Greatex Trade and Invest Corp sold the company Baltimore Alliance Inc., including Nomad, to the yacht manufacturer – Astilleros Astondoa S.A. for "one pound and other compensation, without debts, free of charge, without mortgage and the right to seize property."
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Scheme: Orda.kz
London Real Estate
Greatex Trade and Invest Corp in 2008-2011 owned Greatex Limited and Farmont Baker Street, which managed London real estate worth 147 million pounds.
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This includes the Sherlock Holmes House and other buildings and land between 215 and 237 Baker Street. Farmont Baker Street acquired London real estate back in 2005 for Rahat Aliyev.
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…te.company-information.service.gov.uk/company/054534…

In 2009, the head of Farmont Baker Street became Muhammad-Ali Kurmanbayev, who allegedly worked for Nurali Aliyev since 2007.
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Farmont Baker Street had two subsidiaries (until 2016): Dynamic Estates Ltd and Parkview Estates Ltd, which managed properties on Baker Street and a mansion in the Highgate area. Kurmanbayev was the head of all three companies in 2009-2014.
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orda.kz/o-chyom-mechta…

In April 2008, Parkview acquired a mansion in the Highgate area for 9.3 million pounds. In 2013, the mansion was transferred to the Panamanian company Villa Magna Foundation.

A mansion in Highgate. Source: zagranburo.org
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In April 2009, Greatex Limited acquired ownership of a block of buildings on Baker Street containing a Beatles gift shop and an Elvisly Yours concept store dedicated to the work of the king of rock and roll, Elvis Presley.
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Six months later, Greaatex Limited sold the ownership for 1.12 million pounds to another company registered in the Virgin Islands.

Map: Global Witness 2015

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Greatex Limited also leased two buildings near Hyde Park. Global Witness writes that the entire property was purchased without obtaining a loan or mortgage.

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In 2014, Massimiliano Dall'Osso took over the role of manager instead of Kurmanbayev. Until 2007, Dall'Osso worked for Nurali's father, Rahat Aliyev, later he began to work for Dariga Nazarbayeva, as he himself said at a court hearing held in Malta in the case of Rahat Aliyev./45

In October 2015, Dynamics Estates, Parkview Estates, along with Baker Street assets, were transferred to Landmark Network Real Estate Ltd, established in Abu Dhabi.
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source-material.org/blog/sherlock-…

Landmark in Abu Dhabi has five shareholders, each of whom owns 20%. One of them is Mohamed Said Mohamed Al Ariki, Executive Director of Al Hilal Bank and director of its branch in Kazakhstan, as stated by SourceMaterial.
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Just a few months before the creation of Landmark, Al Ariki registered another company at the same address – SpaceEdge International Real Estate. His business partner was Massimiliano Dall'Osso, a longtime confidant of Aliyev's parents.
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More real estate
In 2020, the National Crime Agency initiated the issuance of orders on unexplained wealth in relation to corporate structures, the beneficiaries of which were thought to be Dariga Nazarbayeva and Nurali Aliyev, with the requirement to prove the legality of../49

..the origin of more than $ 100 million that was spent on the purchase of housing in fashionable areas of London.
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bbc.com/news/uk-518097…

The case considered:

– A house at 33 Bishop's Avenue in Hampstead, in an area known as "Billionaires' Street", worth more than 80 million pounds. The 10-bedroom mansion has an underground swimming pool, "tropical showers",../51

..a glass domed roof, a special cinema and separate rooms for staff.

The house on Bishop's Avenue. Source: dailymail.co.uk
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– Mega apartment in a luxury gated complex at 21 Manresa Road, Chelsea. It was combined with the apartment next door.

A house in Chelsea with a mega apartment. Source: dailymail.co.uk
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– A mansion at 32 Denwood Road, Highgate, a private cul-de-sac overlooking one of London's largest golf clubs.

A mansion in the Highgate area. Source: dailymail.co.uk
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The court sided with Nurali Aliyev and Dariga Nazarbayeva
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Specialists of the National Agency for Combating Crime indicated that the source of these funds is probably the criminal income of Dariga Nazarbayeva's ex–husband, Rakhat Aliyev.
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ft.com/content/c4f96d…

The defense contested such accusations, stating that by the time of the purchase of real estate, the spouses had already been officially divorced and Dariga had her own sources of income, for which the property was purchased.
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dailymail.co.uk/news/article-8…

The court sided with the Nazarbayevs and lifted the orders. In addition, Dariga and Nurali demanded compensation from the Crime Agency for the costs of conducting trials in the total amount of 1.5 million pounds. The court also satisfied this requirement.
/END

reuters.com/article/us-bri…

orda.kz/o-chyom-mechta…

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