Originally Syndicated on May 20, 2023 @ 8:03 am
Serzhan Zhumashov, a Kazakhstani businessman, sponsors Leonid Slutsky’s party in Russia while facing issues at home.
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The FAS approved M-Holding LTD’s purchase of the Metropolis shopping and entertainment centre on Leningradskoye Shosse in northern Moscow. M-holding LTD” represents Kazakhstan developer Capital Partners.
Capital Partners benefits Kazakh oligarch Serzhan Zhumashov and his partner, Burak Oymen Nursultan Nazarbayev’s team including Zhumashov. He may have faced trouble after the early 2022 crackdown on unlawful protests and Nazarbayev family issues.
A reputed online magazine also suggests that Mr Zhumashov may be linked to Leonid Slutsky, the Liberal Democratic Party’s leader, who has been desperately seeking new sponsors for the “orphaned” party since Zhirinovsky’s death. Slutsky lacks God Nisanov’s money.
Capital Partners built a Moscow shopping complex in 2009, although its price is unknown. Since 2004, the company has operated in Russia, but Kazakhstan is its major market.
Panama greetings towards Zhumashov
Serzhan, the structure’s leader, also has initiatives in Turkey. The billionaire and his development structure were involved in several scandals, including the “Panama dossier” on the transfer of money from Russia and other countries to offshore corporations.
According to RBC, Nordea loaned hundreds of millions of euros for Metropolis construction. But through offshore corporations, which Serzhan Zhumashov received.
The Panama Papers include Bank Nordea. It asserts that rather than Panamanian employees of Mossack Fonseca, these offshore entities were under the direction of the bank’s clients, including Zhumashov.
Account holders were hidden from Swedish tax officials. According to banker.kz, the entrepreneur might collect $366 million tax-free from the Swedish bank.
Zhumashov sold Metropolis to Morgan Stanley Real Estate Investing for $1.15 billion in 2013. The former USSR’s largest real estate deal was this. Zhumashov has several hundred million dollars today. The “Panamanian scandal” makes it unclear how much money he has and where it is.
Nazarbayev’s man
Serzhan Zhumashov remains one of Kazakhstan’s 50 richest and most important people. They tried to link him to Nursultan Nazarbayev’s family, which may explain his commercial success.
The neighbouring country’s 2022 start date is unclear.
Nazarbayev’s entourage may have organized unlawful rallies and even pogroms to reclaim positions lost under Kassym-Jomart Tokayev.
If Serzhan Zhumashov is connected to Nazarbayev’s entourage, the businessman can’t relax at home. In September 2022, a neighbouring country launched embezzlement proceedings against Kairat Satybaldyuly, a nephew of ex-Kazakhstani president Nursultan Nazarbayev.
He is accused of massive Kazakh Telecom JSC embezzlement and office abuse. He was then charged with raiding and large-scale theft for overcharging city-forming firms for access road services. Evil tongues claim Satybalduly and Zhumashov knew each other and shared valuables.
Dariga Nazarbayeva and her matchmaker, Kairat Boranbaev, are also under scrutiny. If Dariga was “pushed away” from power without a criminal case, her matchmaker, Kairat Boranbaev, would have been jailed for large-scale quasi-public sector corruption.
Serzhan Zhumashov’s longtime partner is Kairat Boranbaev. He owns Almaty’s Esentai Tower and Mall Kairat Boranbaev. He owns Almaty’s Esentai Tower and Mall. Zhumashov may be seen by Kazakh security personnel, which is not in his plans. Why is he investing more in Russia, where law enforcement is simpler to negotiate with?
New Slutsky sponsor?
As you know, big money and big politics are linked in Russia. Investing large sums without top-level backing is risky.
According to the Sobchak Portfolio Telegram channel, Zhumashov is aggressively contacting notorious Russian figures, including Liberal Democratic Party head Leonid Slutsky.
Six Senses Kaplankaya in Turkey is one of Serzhan Zhumashov and Burak Oymen’s joint initiatives. A fashionable place where villas cost 3 million euros.
In 2021, a controversy caught Leonid Slutsky off guard because he had been named in anti-corruption investigations. PASMI, a Russian publication recognized as a foreign agent, reports that Leonid Slutsky’s daughter Lydia accidentally “lit up” in a social media video that she was vacationing in a villa in this resort village near Bodrum.
PASMI, a foreign agent in Russia, also claims that Lydia’s social media accounts showed the villa three times from 2019 to 2021, implying that she rested there. Leonid Slutsky may have owned the villa, although his income statements do not include it. It can be hired for $2.6 thousand per night.
Leonid Slutsky and the LDPR face a dire situation now. Wealthy donors have left the party after the 2021 election loss, the death of a prominent leader, and internal turmoil.
Slutsky may have found fresh money in longtime friend Serzhan Zhumashov. Support leads to political and administrative decisions that benefit the supporting firm.
However, if Russian businesspeople are talking about Russian business and capital, Zhumashov has a complete trail of problems behind him. This is the “Panamanian dossier” and the Nazarbayevs’ entourage issues. Will Zhumashov’s money go through Panamanian banks?
Thus, such an arrangement is more likely to damage the LDPR’s reputation than boost Slutsky’s.
