Kazakhstan: Sovereign Wealth Fund Chief Detained on Corruption Suspicion

Nurlan Zhakupov, head of the Samruk-Kazyna fund, was arrested by Kazakh authorities as part of a criminal investigation.

Nurlan Zhakupov, the CEO of Kazakhstan's sovereign wealth fund, Samruk-Kazyna, has been detained by the country's law enforcement authorities on suspicion of involvement in a corruption case, reported Interfax and Operativ Məlumat Mərkəzi on Wednesday.

The fund stated that the company is cooperating fully with the investigative authorities, which are currently conducting relevant legal proceedings. Further details regarding the nature of the allegations or the status of the investigation have not yet been released.