The American Reporter
Thursday, May 26, 2022
  • World
  • National
  • Science
  • Business
  • Health
  • Education
  • Lifestyle
  • Entertainment
  • Sports
  • Technology
No Result
View All Result
  • World
  • National
  • Science
  • Business
  • Health
  • Education
  • Lifestyle
  • Entertainment
  • Sports
  • Technology
No Result
View All Result
The American Reporter
No Result
View All Result

Baker Street Mystery Solved With Dariga Nazarbayeva Unmasked

mm by Richard Brown
November 30, 2020
in World
6 min read
Home World

Dariga Nazarbayeva, the daughter of Kazakhstan’s former ruler, has been revealed as the secret owner of properties worth at least £140 million located on a famous stretch of London’s Baker Street.

The property addresses range from 215 Baker Street to 237 Baker Street, which includes the fictional home of Sherlock Holmes at 221b Baker Street.

RELATED POSTS

History of Slot Machine Symbols Around the World

How is public-funded immunology research in the United States working?

Nazarbayeva was named as the owner of the properties in a joint investigation by The Times of London newspaper and Source Material, an investigative journalism group. Their findings follow on from a 2015 report by Global Witness into the mystery over who owned the Baker Street properties.

The Times-Source Material investigation found that the properties were owned by a company called Farmont Investors Corp, based in the offshore haven of the British Virgin Islands. Based on emails seen by The Times and Source Material, Farmont was 90% owned by Dariga Nazarbayeva and 10% owned by her son Nurali Aliyev.

The Farmont shares were subsequently sold to an Abu Dhabi-based company called Landmark Network Real Estate but it appears that the Nazarbayev family retains control of this entity.

Lawyers for Nazarbayeva declined to comment on whether she and her son own the Baker Street property.

The investigation by The Times and Source Material also found that Nazarbayeva, an opera singer and politician who is estimated to have accumulated a $600 million fortune, may have misled UK courts over the source of funds used to acquire other London properties.

The UK’s National Crime Agency (NCA) brought an unexplained wealth order against Nazarbayeva and her associates in 2019 seeking to freeze her assets. Unexplained wealth orders are an anti-corruption and money laundering tool that require individuals to demonstrate that the source of their funds is legitimate.

Nazarbayeva claimed that she had bought the London properties with proceeds from the sale of a sugar company called Kant. The judge accepted this explanation and dismissed the NCA’s case.

The shares in Kant had been sold to Gas Development for $74.3 million in 2008 but The Times-Source Material investigation found that the company was controlled by individuals close to the Nazarbayev family. The investigation identified a young businessman called Galimzhan Yessenov as the primary frontman who enabled Nazarbayeva to effectively sell the Kant shares to herself and present the proceeds as legitimate.

“What the court was not told was that Nazarbayeva seems to have controlled Gas Development herself,” Source Material wrote. “That would mean Nazarbayeva was simply moving money from one of her assets to another in imitation of a genuine sale.”

Lawyers for Nazarbayeva denied allegations that she may have misled the UK courts over the unexplained wealth orders.

The Times-Source Material investigation found that at the time of the Kant deal, Gas Development was owned by Erbol Tymbaev and Kompaniya Ardelis. Both Tymbaev and Ardelis’s owner Dinara Yessenova are close associates of Galimzhan Yessenov.

Gas Development was later bought by a UAE-based company called Kingsway Limited, which at the time was part-owned by Yessenov.

The implication is that Yessenov controlled Gas Development either directly or indirectly for the benefit of the Nazarbayev family.

Yessenov has rapidly built a fortune estimated at $500 million after marrying the daughter of Akhmetzhan Yessimov, the former deputy prime minister of Kazakhstan and a close ally of President Nursultan Nazarbayev – Dariga Nazarbayeva’s father.

Yessenov, who owns ATF Bank, reportedly holds a number of assets for his father-in-law Yessimov and the Nazarbayev family. This has caused controversy in Kazakhstan over bailouts given to ATF Bank.

ShareTweetShare
Previous Post

Every Business Is People’s Business, Rahul Saggu Confesses

Next Post

Luis Corchon Captures Rustic Beauty of Abandoned Aerojet Rocket Facility

mm

Richard Brown

Richard has worked as a journalist for various print-based magazines for more than 5 years. He brings together substantial news pieces from the Education industry.

Related Posts

5 Secret of Slot Game Online That Most People Don’t Know

History of Slot Machine Symbols Around the World

by Richard Brown
May 26, 2022
0

It is possible to trace the origins of the slot machine back to the third century when it was popular...

How is public-funded immunology research in the United States working?

How is public-funded immunology research in the United States working?

by Kyle Matthews
May 20, 2022
0

In developing countries, the burden of infectious illness is far higher than in industrialized countries. Poor healthcare infrastructure and a...

How can those in the public domain use their platform to support good causes?

How can those in the public domain use their platform to support good causes?

by Jennifer Ross
May 20, 2022
0

Depending on what career you choose to follow and how successful you are, there is a chance you may end...

Reflections on Why a Parent Should Have Life Insurance

How Long does it take to get a Life Insurance Policy?

by Jennifer Ross
May 18, 2022
0

Life insurance is one of the most important types of insurance you can have. Once you have a life insurance...

Tourism to South East Asia is Set To Boom In The Coming 5 Years

Tourism to South East Asia is Set To Boom In The Coming 5 Years

by Richard Brown
May 17, 2022
0

If you're looking for an exotic travel destination that is set to experience a tourism boom in the next five...

Next Post
Luis Corchon Captures Rustic Beauty of Abandoned Aerojet Rocket Facility

Luis Corchon Captures Rustic Beauty of Abandoned Aerojet Rocket Facility

Fatema Jaffer Sheds Light to Immigration Reform by Storytelling

Fatema Jaffer Sheds Light to Immigration Reform by Storytelling

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest News

Key Reasons to Invest in a Set of Dr Trust Scales

Cheap Dental Care: Get The New Secrets

May 26, 2022

The Kajabi Experts to Watch in 2022

May 26, 2022

How Safe Are America’s Roads?

May 26, 2022

History of Slot Machine Symbols Around the World

May 26, 2022

Oscar Manuh steps a firm foot into the fitness niche with his brand “Ace Supplements.”

May 26, 2022

MAD Club: Miami’s Go To Exclusive After Party

May 26, 2022

Here’s why cloud-based authoring tools are a good investment

May 25, 2022

 How Business Magnate Vinson Keefe is Channelizing Multiple Growth Opportunities

May 25, 2022

As a modern-day sportswear brand, Shakir Hammadi’s Jersey Nation raises the bar for other contemporaries

May 25, 2022

League news: Löwen’s Barnes eyeing NBA, team expected to offer record-breaking deal to keep MVP

May 25, 2022

The 5 Success Coaches to Watch in 2022

May 25, 2022

Calling All Students! You can now get 10% off on 883 Police

May 25, 2022
  • Home
  • About Us
  • Our Staff
  • Contact Us
  • Privacy Policy
  • Editorial Policy
  • Use of Cookies

© 2019 - The American Reporter

No Result
View All Result
  • Home
  • About Us
  • Our Staff
  • Contact Us
  • Privacy Policy
  • Editorial Policy
  • Use of Cookies

© 2019 - The American Reporter

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.