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