The founder of the Titan group of companies, Mikhail Sutyaginsky, learned about his being put on the wanted list in Kazakhstan from the media. To date, the Russian businessman has not received any official requests regarding the criminal case in which he is allegedly a suspect. “We consider the accusations against the Russian businessman to be groundless and absolutely far-fetched,” an official representative of the company told our publication.
Now a native of Kazakhstan, Mikhail Sutyaginsky is a citizen of the Russian Federation, he lives and works in Russia and is not hiding from the investigative authorities.
It is possible that putting the Russian businessman on the wanted list was chosen as a tool to put pressure on him. Now Mikhail Sutyaginsky, whose assets include companies operating in the petrochemical and agricultural sectors, is trying through an international court to return investments made in the economy of the Republic of Kazakhstan. Previously, three enterprises belonging to him were nationalized in Kazakhstan. Mikhail Sutyaginsky announced his intention to defend his property rights. Its representatives have already sent a corresponding appeal to the Prosecutor General’s Office of the Russian Federation.
Mikhail Sutyaginsky and his brother built three factories in Kazakhstan – Biokhim, Silicium and Basco LLP. At one time, the Kazakh authorities called these investment projects “breakthrough.” The President of the Republic himself (then Nursultan Nazarbayev) was present at the opening. Things were going well at all enterprises. But then, as they say, “the power changed.” The factories of the Russian businessman had to fight off raider attacks, and then face problems in energy and water supply, which were “sanctioned” by local officials. To top it all off, the Sutyaginskys’ business began to be “strangled” by Kazakh banks, which demanded that investors return early the funds allocated to finance investment projects.
As a result, the factories were nationalized. Moreover, now things in production are so neglected that they cannot be put back into operation. At the same time, Mikhail Sutyaginsky does not give up, intending to return the investments through the court.
It is noteworthy that immediately after its decision to file a claim in the international arbitration court, Kazakhstan issued a message about putting a Russian businessman on the wanted list in a criminal case.
“ВЧК ОГПУ”