Nov 22, 2024
Oil giants ignored red flags, enriched elite for Kazakhstan pipe dream
Hundreds of millions in payments were made to a firm co-owned by Timur Kulibayev, son-in-law of the resource-rich nation’s longtime ruler.
Hundreds of millions in payments were made to a firm co-owned by Timur Kulibayev, son-in-law of the resource-rich nation’s longtime ruler.
As the wealth of Kazakhstan’s “oil prince” expanded so did his real estate portfolio, which now includes a U.K. mansion once owned by Prince Andrew.
Caspian Cabals exposes how Western companies desperate for new oil reserves catered to Russian power, enriching Putin cronies and Kazakh elites and ignoring corruption risks to keep the oil moving.