The press service of the Almaty City Court reported that 14 defendants were sentenced in the case of illegal use and theft of bank money, one of them was the former chairman of Tengri Bank Erzhan Shaikenov, who headed the financial organization from 2015 to 2020.
According to the case materials, during this period he created a criminal group, which included 13 people. They gave a positive decision on loans, despite the negative characteristics of the borrowers, for example, the lack of solid liquid collateral, the presence of high risks and their insolvency. As a result, the bank suffered damage in the amount of 23.5 billion tenge.
Shaikenov and another defendant, a former deputy chairman of the bank, were found guilty of abuse of power, as well as misappropriation and embezzlement of other people’s property on a large scale. They were sentenced to 10 years in prison with confiscation of property.
Another six were found guilty of misappropriation and embezzlement of other people’s property on a large scale and were each sentenced to eight years in prison with confiscation of property and deprivation of the right to occupy managerial and materially responsible positions.
Three were found guilty of illegally using bank money and sentenced to a year and a year and a half of restriction of freedom with forced labor of 100 hours annually. Two were found guilty of illegally using bank money and were released from criminal liability due to the expiration of the statute of limitations. In relation to one, the case was closed due to death.
To compensate for the damage caused, seizures from the property of the convicted were not lifted in order to foreclose on them during execution.
The court’s verdict did not enter into legal force.
Let us recall that on September 18, 2020, Tengri Bank was deprived of its license to carry out banking and other operations.
On November 10, 2020, it was reported that the former deputy chairman of the board of Tengri Bank, Bakhtiyar Ilyasov, and the ex-deputy director of the Almaty branch of the bank, Aset Zhadykov, were detained. In February 2021, the former chairman of the board of Tengri Bank, Yerzhan Shaikenov, was detained.
Later it became known that ex-managers of Tengri Bank were suspected of theft of 5.4 billion tenge.
On February 15, 2021, the court made a decision to forcefully terminate the activities of Tengri Bank.
