A court in Uralsk has handed down a verdict in a large-scale fraud case: the defendant, who orchestrated the theft of $2.2 million from a company's accounts, will serve 10 years in prison, infohub.kz reports.

The press service of the West Kazakhstan Regional Court said the Uralsk City Court heard the case against the defendant under Part 4, Article 190, Subparagraph 2 of the Criminal Code of the Republic of Kazakhstan — fraud on an especially large scale.

The court found that the defendant registered a limited liability partnership in Aksai, where he was the sole founder and director. He later redistributed shares in the charter capital among employees but in fact continued to control the partnership's activities as a business manager.

While in the United States, the defendant devised a criminal plan to embezzle the company's funds. By misleading the new director of the LLP, he provided knowingly false information about the need to purchase equipment to extend a contract with another partnership.

To circumvent the currency control requirements of the Republic of Kazakhstan, the defendant persuaded the director to structure the transactions as interest-free loans.

As a result, funds totaling $2.2 million, equivalent to 948,337,000 tenge, were transferred from the LLP's accounts to an American company controlled by the defendant in several tranches.

The court found the man guilty of large-scale fraud under Part 4, Article 190, Subparagraph 2 of the Criminal Code of the Republic of Kazakhstan and sentenced him to 8 years in prison.

Pursuant to Parts 5 and 6 of Article 58 of the Criminal Code of the Republic of Kazakhstan, by absorbing the lesser sentence into the more severe one imposed by the July 24, 2025 ruling of Atyrau Court No. 2, the defendant was ultimately sentenced to 10 years in prison to be served in a medium-security correctional facility.

Additionally, he was deprived of the right to hold managerial positions in commercial enterprises for 3 years, with confiscation of property obtained through crime.

The civil claim filed by the injured party was fully satisfied. The convicted man was ordered to pay the LLP $2.2 million (948,337,000 tenge) in property damages, as well as a state fee.

To secure the civil claim, the arrest on the bank accounts of the convicted man and the foreign company under his control was maintained.

The verdict has not entered into legal force and may be appealed.