Kyrgyzstan: Former deputy head of Financial Police was detained in case of illegal transfer of $360 million to China

In Kyrgyzstan, Baktybek Gainazarov, former deputy chairman of the State Service for Combating Economic Crimes, was detained in the case of organizing a sustainable channel for the illegal transfer of large sums of money to China. This was reported by the press service of the State Committee for National Security of the Kyrgyz Republic.

Representatives of commercial banks and the head of the Financial Police Department of the capital are also suspected of this crime.

“It has been established that the leaders of the criminal group are citizens of Kyrgyzstan who, through their firms and front companies, with the support of the Deputy Chairman of the Board of Halyk Bank Kyrgyzstan JSC, carried out transfers of funds smuggled into the Kyrgyz Republic from the Russian Federation, and then on the basis of fictitious and fake customs documents were transferred to the Chinese People’s Republic,” the State Committee for National Security said in its statement.

So, from March 23 to May 28, 2020, $49,153,900 was transferred to China from Bishkek 312 LLC through the commercial bank Halyk Bank Kyrgyzstan JSC. From September 1 to October 30, 2020, KG Impex LLC transferred $311 million to China through the commercial bank Halyk Bank Kyrgyzstan JSC.

As a result of the operational search activities, on April 7, Baktybek Gainazarov was detained and placed in the temporary detention facility of the pre-trial detention center of the State Committee for National Security of the Kyrgyz Republic.