BDK and IFK have many accusers in different spheres of business. For example, Investment Fund of Kazakhstan once decided to support
the promising 'Myrzabek' LLC, which quarried building stone and chippings in Mangistau region. As a result, the enterprise was declared bankrupt, the quarry was leased out to another entrepreneur, and the owner was left without the apartment and with a billion-tenge debt.
Former founder and head of the company Kuanyshbek Munatov said
to 'Caravan' Kazakhstan-based newspaper that representatives of IFK came to him and offered cooperation. The Fund gave 6.4 million dollars for development and joined shareholders with 49 per cent of shares. 'Myrzabek' had to redeem these shares within three years.
Then difficulties began – customers did not pay for deliveries, broke deadlines, accumulated debts to 'Myrzabek' LLC.
"The Fund did not provide any support, it only demanded money back
. Once I asked IFK to help me return the debt as they are a large national company and they have more opportunities. The Fund was interested with me having money to redeem shares. This is what I thought back then. The Fund said nothing again," Munatov said.
- There was one more thing: Murat Karimsakov, the employee of IFK, joined the founders of 'Myrzabek' LLC as an individual
. I believe he was the assistant chairperson of the Fund's board of directors, said Kuanyshbek Munatov to the newspaper.
The things went wrong. The result of cooperation is as follows: the shares could not be redeemed and the loan was not paid out.