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Sovereign Wealth Funds Briefing - Categorized | People

Kazakh leader dismisses son in law from $80 bln fund

Posted on 03 January 2012

Kazakhstan’s president, Nursultan Nazarbayev, has dismissed Timur Kulibayev, his son in law, from his post as CEO and Chairman of the Management Board of the sovereign wealth fund, Samruk-Kaznya after oil and gas workers staged a strike, which turned into rioting that left 16 dead and over 100 injured.
The fund has an estimated value of $80 billion and either owns fully or in part important parts of the economy, including national rail and postal services and KazMunayGas, the state oil and gas company………………………………………..Full Article: Source


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