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He embezzled 253 mln subsidies and went to jail for six years

07.12.2023
He embezzled 253 mln subsidies and went to jail for six years

In Karaganda region, a man was convicted for embezzlement of investment subsidies on a particularly large scale, the World of NAN reports citing the Financial Monitoring Agency.

253 million tenge were paid to reimburse the costs of purchasing solar panel kits by an agribusiness entity.

"The investigation found that in the period 2018-2020, the suspect on behalf of peasant and farming farms in the Karaganda region on the basis of fictitious documents with inflated cost of equipment filed applications for subsidies, on the basis of which the funds were paid," the agency explained.

The court verdict found the man guilty and sentenced him to 6.5 years of imprisonment, with the forfeiture of the right to engage in entrepreneurial activities for 10 years, with compensation for the damage caused.


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