Georgia extradites to Kazakhstan suspect in 10-billion-tenge fraud

Tengrinews.kz — A suspect accused of organizing a financial pyramid scheme has been extradited from Georgia to Kazakhstan, the Prosecutor General’s Office said.

The investigation established that the suspect, acting as a member of an organized group, headed the structures of the financial pyramid scheme in various regions of Kazakhstan from 2019 to 2021.

“As a result of the illegal activities of the criminal group members, more than 10 billion tenge was attracted under the pretext of providing citizens with high returns. Several accomplices have already been sentenced to real prison terms, while this offender fled after committing the crimes and was therefore placed on the international wanted list,” the Prosecutor General’s Office said.

In February 2026, he was detained in Georgia and, at the request of the Prosecutor General’s Office of Kazakhstan, extradited to his home country.

The suspect has now been placed in a pre-trial detention center.

The crimes he is accused of carry a sentence of up to 12 years in prison with confiscation of property.