One of Kazakhstan’s richest businessman announced guilty of fraud

AKIPRESS.COM - The guilty verdict was announced for ex-Director General of Ivolga-Holding Vasily Rozinov in Kazakhstan, Tengrinews.kz reported. Rozinov was earlier among top-50 richest people in Kazakhstan.
Now he was announced guilty of fraud and was sentenced to 2 years and 6 months of freedom restriction.
Rozanov can't change a place of his residence without informing controlling agencies, visit entertainment facilities and so on.
Rozanov did not admit his guilt.
It was reported earlier the holding owned by Vasily Rozinov owed $80 million to the Eurasian Development Bank. The company obtained loans for development of grain industry. The holding was not declared a bankrupt despite overdue loans for 2 years. The Bank accused the Ivolga-Holding of fraud. In 2018, Vasily Rozinov was replaced by Aidarbek Hojanazarov.