A resident of Kazakhstan lost over 100 million tenge while trying to buy property in Cyprus, reports infohub.kz.
A man suspected of large-scale fraud has been extradited from Georgia to Kazakhstan. According to the Prosecutor General's Office, he obtained more than 100 million tenge from a Kazakh woman under the pretext of helping her purchase an apartment in Cyprus.
"He is suspected of stealing over 100 million tenge from a Kazakh citizen between January 2021 and February 2022 in Atyrau, by receiving multiple money transfers under the guise of assisting in the purchase of an apartment in Cyprus," the supervisory authority said.
After the alleged crime, the man left Kazakhstan and was placed on the international wanted list. In June 2026, he was detained in Georgia. After reviewing the request from the Prosecutor General's Office, the suspect was handed over to the Kazakh side.
He is currently held in a pre-trial detention center. If found guilty, he faces up to 10 years in prison with confiscation of property. The court may also impose an additional penalty of banning him from holding certain positions or engaging in certain activities for up to ten years.
Earlier, it was reported that in July, the Agency for Financial Monitoring completed an investigation into the alleged organizer of a branch of the financial pyramid World Business Consulting. According to investigators, she attracted citizens' money under the guise of high-yield investments. In 2024, she was put on the international wanted list, and in January 2026, she was extradited from Georgia to Kazakhstan. The criminal case has been sent to court.