The Agency for Financial Monitoring (AFM) has announced the extradition to Kazakhstan of a man previously placed on the international wanted list, as reported by NUR.KZ citing the press service. According to the agency's press service, the AFM and Interpol returned Ulan Baibolov to Kazakhstan, who had been on the international wanted list... reports the website infohub.kz.
According to the investigation, Baibolov U.M. was a member of an organized criminal group whose activities were aimed at systematically evading taxes and other mandatory payments to the budget. The criminal scheme 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 funds.
According to the AFM, one of the enterprises used in this scheme was LLP "Sfera", where Baibolov U.M. was appointed deputy director in 2014. As the agency claims, as a result, group members cashed out over 2.5 billion tenge from the LLP's settlement accounts. Additionally, the amount of additionally assessed taxes exceeded 1 billion tenge. The court has sanctioned a preventive measure of detention for the suspect. The investigation is ongoing.