Kazakhstan: Court Orders Dissolution of Charity Fund Led by Fraud Suspect Perizat Kairat

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A specialized interdistrict economic court in Astana has ordered the dissolution of the charity fund Biz Birgemiz Qazaqstan 2030, whose director, Perizat Kairat, is facing fraud charges. The ruling, reported by Tengrinews.kz citing the court’s press service, has not yet taken legal effect.

According to case materials, Biz Birgemiz Qazaqstan 2030 was registered in October 2021 as a public association. Under Kazakh law, charity funds are required to have a board of trustees, undergo financial audits, and publish annual reports—requirements that do not apply to public associations. The fund was established by ten individuals, but investigators discovered that Kairat had forged the signatures of nine of them on its founding documents.

As a result, the fund’s registration was deemed invalid, leading to the court’s decision to liquidate it.

Earlier reports indicated that the fund’s registered founders included members of Zhasstar Rukhy, the youth wing of the ruling AMANAT party—among them, Arslanbek Magzum, Aigerim Serikzhanova, and Ayan Khafiz. Another listed founder, Sergei Matyushenko, heads a district branch of the party in Astana. Matyushenko claimed he had never signed any documents related to the fund and was unaware of his designation as a founder.

Perizat Kairat was arrested last fall on suspicion of embezzling 1.7 billion tenge ($3.4 million) in donations meant for victims of floods in Kazakhstan and residents of Palestine. Investigators allege that instead of distributing the funds, Kairat spent the money on luxury goods, real estate, and international travel. In December, authorities revealed that her mother, Gaini Alashbayeva, was also under investigation in the case.

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