Following the launch of a corruption probe in the UK involving a natural resources giant with strong links to Kazakhstan, the company, ENRC, has become the subject of a hostile takeover bid by powerful interests with connections to the Central Asian state.
The three oligarchs who founded the London-listed Eurasian Natural Resources Corporation – Alexander Machkevitch, Patokh Chodiev and Alijan Ibragimov (who are all believed to have powerful connections in Kazakhstan) – have teamed up with the Kazakh government to mount the takeover. Together the four parties hold a combined 55.33 percent of ENRC, with the three founders owning equal shares of 14.56 percent each and Astana owning 11.65 percent.
ENRC’s committee of independent directors has rejected the bid on the grounds that it “materially undervalues ENRC,” according to a May 17 statement.
The committee said that the City of London’s Panel on Takeovers and Mergers, which regulates takeover bids for London Stock Exchange-listed firms, had granted its request for an extension until June 3 for a decision on the bid, to allow the consortium time to make a better offer – something there is no guarantee it will do.
The takeover panel issued a statement on May 20 saying that another London-listed company linked to Kazakhstan, the Kazakhmys copper miner, is officially to be treated as part of the takeover bid, because Astana plans to use its stake in Kazakhmys to finance the ENRC buyout.
The jailed former boss of Kazakhstan’s nuclear industry has marked the fourth anniversary of his arrest by voicing suspicions from his prison cell that Russian machinations were behind the charges against him.
Mukhtar Dzhakishev, the highly respected head of Kazakhstan’s state nuclear company Kazatomprom until he was abruptly fired and arrested on May 21, 2009, said he was “convinced” Moscow had “prepared a bundle of accusations and ‘proof’ tailored to Soviet mentality” to have him arrested to stymie a nuclear deal.
On the day of his arrest, Dzhakishev was scheduled to meet Sergey Kiriyenko, the visiting head of Russia’s state-run Rosatom nuclear giant, to discuss possible trilateral nuclear collaboration with Japan, he said in comments posted on a website set up by his daughter, Aigerim Dzhakisheva.
“[The Russian] delegation had been in Japan and made an offer of a partnership that would exclude Kazakhstan,” Dzhakishev said. “The Japanese refused and demanded to have Kazakhstan included in these deals, as I had previously discussed and agreed with them.”
Video filmed after Dzhakishev’s arrest and leaked to YouTube showed him discussing his ambition to transform Kazakhstan's nuclear industry into a world leader and saying he wanted to stop Russian investors gaining a controlling stake in Uranium One, a Canada-based company with operations in Kazakhstan, which he believed would impede Kazakhstan's atomic ambitions.
A group of villagers is held in thrall by omnipotent rulers, who warn that misfortune will befall the inhabitants if they defy authorities. And then, one day, the emperor is revealed to have no clothes.
A major terror trial has opened in Astana, hearing allegations that a group of radicals intended to blow the city’s landmark pyramid sky high and plotted to assassinate senior officials, Tengri News reports.
The iconic pyramid, called the Palace of Peace and Reconciliation and designed by British architect Norman Foster, has become a symbol of President Nursultan Nazarbayev’s glitzy capital. It is also a symbol of religious tolerance, every few years hosting a Congress of World and Traditional Religions to promote inter-faith dialogue.
Prosecutor Malika Shashdauletova alleged that the group also planned to attack the HQ of the National Security Committee’s domestic intelligence service (KNB) and murder agents; plotted the assassinations of unidentified “senior figures of the Republic of Kazakhstan”; and planned an act of terrorism at the opening of Astana Opera, the city’s new opera house.
Shashdauletova said that alleged ringleader Serik Koshalakov opened a kebab shop near an Astana mosque to recruit followers to pursue the ultimate goal of setting up an Islamic caliphate in Kazakhstan.
Almaty’s arts scene has acquired an innovative new theater that aims to promote experimental drama and also prove that theater can be a profitable business.
Theatre BT launched in March as “an open, experimental platform,” director Aigul Sultanbekova said. BT stands for “business theater,” and the idea is to harness the corporate world to make an economic success out of the project -- a rarity in Kazakhstan, where few theaters turn a profit.
Theatre BT is offering five-day corporate training programs based on improvisational acting techniques, which should help finance its drama productions.
The training, conducted by psychologist Valeriy Bochkarev (who is the theater’s deputy director and also acts in its productions), in tandem with an actor, is targeted at business people and covers areas such as effective communication and conflict management.
“The main value driver is the business theater, for the time being, but in the long run we want to come to the point where the place would be self-sustainable,” Sultanbekova told EurasiaNet.org.
“My idea is that theater could be profitable; it could be economically viable, but of course you need to get to that point. [...] The market should be ready."
Most theaters in Kazakhstan receive heavy state subsidies and continue the Soviet tradition of charging low prices for tickets to make culture accessible for the masses.
Theatre BT’s prices won’t break the bank: It charges 2,000 tenge (around $13) for tickets. The repertoire includes Amerika, based on the novel by Franz Kafka, and O.k.no, based on the play Jean et Béatrice by Canadian playwright Carole Fréchette.
In the foothills of the Tien Shan mountains in southeastern Kazakhstan, a falcon perches in a tree. Its eyes dart to and fro, all senses on alert. Suddenly it swoops, snapping up some prey and soars off.
The industrial city of Karaganda in northeastern Kazakhstan has seen an event utterly out of the ordinary for the former Soviet Union: a wedding between two women.
The couple organized the symbolic wedding to celebrate their union, the Vox Populi website reports in a photo story showing the elaborate celebration, which included all the usual trappings: from the white limousine that the bride and groom ride in during more traditional celebrations to the flutes of champagne to toast the happy couple.
The marriage has no legal force in Kazakhstan, where same-sex weddings are not recognized by law – but the two women, identified only as Karolina and Kristina, decided to tie the knot symbolically. As Vox Populi put it, “love has no law.”
The pictures showed the elegant couple – one wearing a white wedding dress and the other a white suit – popping champagne corks and following the usual tradition of stopping off at popular sites around the city to have a glass of champagne with wedding guests.
When the wedding party dropped into a shopping mall to buy some food, eyebrows were raised, said Vox Populi. It described onlookers' mood as “spiteful,” with “hostile looks from the shoppers, whispering into walkie-talkies by the security guards, surprised looks from the salespeople.”
The LGBT (lesbian, gay, bisexual, and transgender) community tends not to be very visible in Kazakhstan, where anecdotal evidence suggests that members face widespread discrimination.
Vox Populi’s story on the wedding sparked a lively discussion thread, with some participants openly and proudly voicing those prejudices while others stood up in defense of LGBT rights.
The United Kingdom’s Serious Fraud Office (SFO) has launched a criminal investigation into alleged corruption at a London-listed natural resources giant with strong links to Kazakhstan, British media report.
The SFO probe targets the Eurasian Natural Resources Corporation (ENRC), a company with interests in the energy and mining sectors mainly in Kazakhstan but also in China, Brazil and some African states. It is partially owned by three oligarchs believed to have powerful connections in Kazakhstan. The Kazakh government also holds a stake.
“The focus of the investigation will be fraud, bribery and corruption relating to the activities of the company or its subsidiaries in Kazakhstan and Africa,” The Guardian newspaper quoted the SFO – an arm of the British government – as saying in an April 25 statement.
ENRC, which is listed on the London Stock Exchange, said in a statement the same day that it “is assisting and cooperating fully with the SFO” and “is committed to a full and transparent investigation of its procedures and conduct.”
The news follows a troubled period for ENRC, whose chairman Mehmet Dalman resigned on April 23, less than two weeks after a law firm appointed by ENRC to pursue an internal inquiry into the corruption allegations – first made by a whistleblower – was abruptly replaced.
Kazakhstan’s social affairs minister was pelted with eggs Friday while addressing the government’s controversial pension reforms at a lively press conference.
In a show of protest rare for Kazakhstan, Minister of Labor and Social Protection Serik Abdenov was targeted as he attempted to explain why the government is seeking to raise the pension age for women from 58 to 63 over the next decade. The reform, which would bring the female retirement age into line with the male one, has passed its first reading in the lower house of parliament (with several more stages to go before it becomes law), raising a storm of controversy.
Abdenov called the briefing in Almaty on April 26 to douse the flames of the dispute – but one protestor was not in the mood for listening. Activist Andrey Tsukanov got up and hurled two eggs at the minister, Tengri News reports. A video posted by Radio Azattyq showed Abdenov batting away the make-do missiles.
Abdenov has become the target of vilification and ridicule in the past week after another unsuccessful attempt to defend Astana’s pension reforms to a group of workers in Temirtau, an industrial city in eastern Kazakhstan, fell flat.
Asked why women should work for five more years, Abdenov got a little lost for words. “You have to work and work,” he said, to guffaws of laughter from the audience,” because, my dear fellow countrymen, because, because.”
News that the suspected perpetrators of the April 15 Boston marathon bombings have links to Kazakhstan – albeit extremely tenuous ones – has brought unwanted attention to this oil-rich Central Asian state neighboring Kyrgyzstan, where the two suspects have family roots.