Former Kazakh Prime Minister Karim Massimov's luxurious home has been transferred to state ownership

A luxurious house in Astana, owned by the former chairman of the National Security Committee of Kazakhstan and the country's former prime minister Karim Masimov, has been confiscated for social needs. This was officially announced by the management company of the assets returned to Kazakhstan.

As it turned out, the Astana city administration made an official request to use this property for social purposes. Taking into account the importance of the request and the requirements of current legislation, the management company announced that it had withdrawn this real estate from the electronic auction. Now this object will serve to meet the social needs of the city's population.

It should be noted that this real estate of Masimov was put up for auction several times before, but no buyer was found. Initially, his house was valued at 1.8 billion tenge, but the last time this figure was reduced to 1.6 billion tenge. However, after no buyer even for this amount appeared, the state decided to keep the property for social needs.

Karim Massimov was found guilty of treason and other crimes in April 2023 and was sentenced to 18 years in prison. In addition, all his property was confiscated and he was deprived of the right to work in the civil service for life.

Massimov was born in 1965, holds the rank of lieutenant general, and served as Prime Minister of Kazakhstan from 2007 to 2012 and 2014 to 2016, and as Head of the Presidential Administration from 2012 to 2014. Since 2016, he has headed the National Security Committee.

He was arrested in January 2022 in connection with mass unrest in Kazakhstan, and it was reported that $17.2 million in cash, numerous gold items, expensive watches and other valuables were seized from his home. Read 'Zamin' on Telegram!