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Kazakh TV says bank chief's death may remain mystery

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  • Kazakh TV says bank chief's death may remain mystery

    Kazakh TV says bank chief's death may remain mystery

    Kazakh Television first channel, Astana
    20 Dec 04

    The death of the Kazakh TuranAlem private bank's president, Yerzhan
    Tatishev, may remain a mystery, Kazakh TV first channel has said. The
    TV report also said that an attempt was made on Tatishev's life in
    2002. Tatishev was shot dead in a hunting accident in southern Kazakh
    Zhambyl Region on 19 December. The following is the text of report
    by Kazakh TV on 20 December:

    [Presenter] Despite the fact that media sources have said that Yerzhan
    Tatishev's sudden death was an accident, as the head of a leading
    financial establishment and a well-experienced and rich banker, his
    death will undoubtedly give rise to various rumours. There had been
    few rumours even before Tatishev's death.

    [Correspondent, over video of an archive footage of Tatishev at a
    meeting, a TuranAlem bank office] The name of Yerzhan Tatishev, who
    put the TuranAlem bank to its feet and brought it to the international
    financial market, became well-known after his joining the Democratic
    Choice of Kazakhstan [opposition] party. However, Tatishev left the
    party two years ago, saying that the bank should be engaged in its
    professional business and, first of all, be concerned with depositors'
    interests.

    A rumour, which damaged not only the bank chairman's name but the
    country's international reputation, was circulated on an Internet
    web site in summer last year. According to the rumour, the bank
    chairman appropriated all the funds of the bank and escaped to the
    USA. Tatishev denied this rumour via a video-link while being on a trip
    to the USA. The rumour's authors linked Tatishev's trip to the USA
    with the early release of Mukhtar Ablyazov [a former minister and an
    opposition leader who was given a prison sentence for abuse of power].

    In addition, an attempt was made on the banker's life two years
    ago. But he was not in a service car [when attacked]. The police said
    there was a hidden political motive. Having signed the statement by
    major Kazakh banks, Tatishev recently once again said that he would
    not be involved in politics.

    Some foreign media sources link the name of the TuranAlem bank chairman
    with Kazakhstan's debt worth 2.5m dollars to Uzbekistan.

    In recent years, the Kazakh bank has started to penetrate the financial
    markets of CIS countries. Ukrainian media sources called the TuranAlem
    bank's intention to buy a bank in this country a Kazakh offensive. The
    bank also has its branches in Russia and China.

    The bank ranks sixth among private banks in the CIS. Its assets are
    worth 4bn dollars. The bank has recently voiced its plans to open joint
    ventures in Azerbaijan and Armenia and to buy a bank in Tatarstan.

    No matter what they say, it is possible the banker's death at the age
    of 37 will remain a mystery. There are a lot of questions which have
    not been answered yet.

    From: Emil Lazarian | Ararat NewsPress
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