The Financial Monitoring Agency, with the assistance of Interpol, has returned Ulan Baibolov to Kazakhstan, who was previously on the international wanted list. The man was extradited from the Republic of Korea, reports infohub.kz.
According to the investigation, Baibolov was a member of an organized criminal group that systematically evaded taxes and other mandatory payments to the budget.
"The scheme of criminal activity involved acquiring and re-registering enterprises under nominal directors, conducting financial transactions through their bank accounts, submitting deliberately distorted information in tax reports, and subsequently cashing out the funds," the agency said.
One of the enterprises used in the scheme was Sfera LLP, where Baibolov was appointed deputy director in 2014. The group members cashed out over 2.5 billion tenge from the company's settlement accounts, and the amount of additionally assessed taxes exceeded 1 billion tenge.
The court sanctioned a preventive measure of detention for Baibolov. The investigation continues, and other information is not subject to disclosure in accordance with Article 201 of the Criminal Procedure Code of Kazakhstan.
The agency reminded that a person is considered innocent until their guilt is proven in accordance with the law and confirmed by a court verdict that has entered into legal force.