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Banking magnate Yertayev, jailed for stealing 144 billion tenge, has been granted clemency by Minister Sadikov. Discover the reasons behind his release and the upcoming events following this controversial decision.

This individual holds a position within the government.
This individual holds a position within the government.

Government official in service

Former Banker Zhamart Ertaev Released from Prison

In a recent development, Zhamart Ertaev, a former banker, has been released from prison. The exact reasons for his release are not clear, but it is known that his good behavior played a significant role.

However, it is important to note that Ertaev's release does not appear to be part of the current amnesty declared in honor of the 30th anniversary of the Constitution. The Interior Minister, Erjan Sadenov, could not comment on the decision to release Ertaev on amnesty.

In March 2021, the court softened Ertaev's sentence in the first criminal case to 9 years. He was initially sentenced to 11 years in prison in November 2020 for stealing 144 billion tenge. Four accomplices were also convicted, and along with Ertaev, another 35 people were convicted in November 2020.

After his release, Ertaev remains under probation control. He has also been placed under state debtor restrictions, meaning he is required to repay large sums to the banks. The convicted were ordered to repay about 98 billion tenge to Bank RBK, over 46 billion tenge to Qazaq Banki, and over 24 billion tenge to the Eurasian Bank.

There is a possibility that Ertaev may file a protest against his release. Despite this, the Committee of the Penitentiary System of the Ministry of Internal Affairs has confirmed his release from prison.

The details surrounding Ertaev's release and the potential amnesty are still unclear, and further information is needed to fully understand the situation. However, it is clear that Ertaev's release has sparked controversy and debate, with many questioning the decision and the implications it may have.

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