Kazakhstan to Audit Millions in Bonuses Paid to Samruk-Kazyna Executives

Kazakhstan to Audit Bonuses Paid to Samruk-Kazyna Top Managers NUR-SULTAN, Kazakhstan – June 4, 2025 – The Accounting and Auditing Committee (AAC) of Kazakhstan announced today that a comprehensive audit will be conducted to review the bonuses received by top executives at Samruk-Kazyna, the country's sovereign wealth fund, and its subsidiaries. The decision follows growing public scrutiny of executive compensation in state-owned enterprises. Alihan Smaïlov, head of the AAC, stated at a press conference, "Auditors will verify the justification for the bonuses received by top managers of "Samruk-Kazyna" and its subsidiaries." This statement highlights the government's commitment to transparency and accountability in the management of public funds. The audit will cover a period of several years and will assess whether the bonus payments were in line with performance targets and legal requirements. The results of the audit will be made public, ensuring transparency and accountability. This move underscores the Kazakhstani government's efforts to enhance corporate governance and address concerns about potential misuse of public funds. The outcome of the audit will have significant implications for the future compensation practices of state-owned enterprises in Kazakhstan.