Daniyar Abulgazin, Timur Kulibayev’s financial officer – and his role in Ingma Holdings
Daniyar Abulgazin, a ‘perfect lieutenant’, according to the Public Eye, of Timur Kulibayev, began his career as a Felix Derzhinsky Higher School of the KGB of the U.S.S.R. student in Moscow. He graduated in 1991. The Soviet Union collapsed the same year which left young Daniyar briefly unemployed. However, his skills and family ties allowed him to progress in finance and corporate areas. His highest point in state hierarchy was Vice-Minister of Finance, but he preferred to keep a distance with the state. Daniyar Abulgazin understood that there is much more income and power in corporate semi-state business than in rapidly changing Kazakhstan apparatus, Talk Finance considers.

Timur Kulibayev is a close friend of Daniyar Abulgazin
Unfortunately for the company the correspondence between Daniyar Abulgazin and Dias Suleimenov concerning oil affairs leaked online and became what is known as ‘Kazaworld leaks’. It shines light on the secretive community around Timur Kulibayev and the golden years of oil-related affairs.

Daniyar Abulgazin
Vitol gained control over the two most important oil fields by providing loan to KazMunayGas. The ‘cash for crude deal’ gave Vitol the privileged access. It’s nothing criminal in it by itself, it is often practised in cash-hungry third-world countries. However the way it was done makes the picture whole. Nearly one billion USD ended up in pockets of Nazarbayev/Kulibayev clan.

Timur Kulibayev, son-in-law of the president Nursulatan Nazarbayev
We will describe the scheme in depth in the upcoming articles. Daniyar Abulgazin and his friends made an outstanding job concealing the beneficiary of the Ingma. However they were unprepared to the mail leak that followed.
photo credits atameken.kz
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