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APC: Billions of profit made from power tariff increase are paid to shareholders Kazakhstan News

APC: Billions of profit made from power tariff increase are paid to shareholders

According to Gabidulla Abdrakhimov, the Chairman of Agency for Protection of Competition (APC), in the result of APC’s joint audit with the Prosecutor General’s Office, the Ministry of Industry and AREM a number of problems in the sphere of power production has been revealed: the majority of the funds received as the result of power tariffs’ increase was spent for payment of dividends to the shareholders. October 15 2012, 16:19 1 646 просмотрs
Maxim Bakiev, Kyrgyz ex-leader's son, released on bail until December World News

Maxim Bakiev, Kyrgyz ex-leader's son, released on bail until December

Scotland Yard has arrested the son of the ousted former president of Kyrgyzstan in London. Businessman Maksim Bakiyev, 34, faces extradition to the US on charges of conspiracy to defraud and perverting the course of justice. Mr Bakiyev appeared at Westminster Magistrates Court on Friday and was released on bail until Dec. 7, independent.co.uk. reports on Sunday. The amount of the bail is unknown. October 15 2012, 10:23 2 156 просмотрs