Kazakh Tycoon in Talks on Making $1 Billion Payout to the State
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One of Kazakhstan’s richest men is in talks to pay about $1 billion to the state as part of a government investigation into wealth accumulated under the country’s first president.
Should an agreement be reached, Timur Kulibayev, former President Nursultan Nazarbayev’s son-in-law, would make a combination of payments and investments, according to two people familiar with the negotiations who asked not to be identified because the talks are private. The payout would not include any admission of fault, the people said.