USG Rapatriates Forfeited Funds From Bakiyev Regime to the Kyrgyz Republic

Posted: 2:05 am EST

 

On February 26, USDOJ announced the repatriation of stolen assets to the Kyrgyz Republic “from the corruption and theft of government funds” by the regime of second President of Kyrgyzstan, Kurmanbek Bakiyev and his youngest son, Maxim Bakiyev. Bakiyev was ousted from office in 2010 during a public revolt and according to the BBC, father and son had been granted political asylum in Belarus.

The U.S. Department of Justice repatriated stolen assets to the Government of the Kyrgyz Republic arising from the corruption and theft of government funds by the prior regime of Kurmanbek Bakiyev and his son Maxim Bakiyev.  The return of the funds was celebrated yesterday in a ceremony in Bishkek, Kyrgyz Republic attended by Ambassador Alice G. Wells, the head of the Bureau of South and Central Asian Affairs for the Department of State and U.S. Ambassador to the Kyrgyz Republic, Donald Lu.

These funds were identified in the United States in the criminal prosecution of Eugene Gourevitch for insider trading in the U.S. District Court for the Eastern District of New York and a $6 million forfeiture order was subsequently entered by the Court.  Following the conviction in the prosecution led by the U.S. Attorney’s Office for the Eastern District of New York, the Kyrgyz Government filed a Petition for Remission with the U.S. Department of Justice, Money Laundering and Asset Recovery Section, claiming that the funds subject to the forfeiture order traced back to monies stolen by Maxim Bakiyev from Kyrgyz state authorities and other banking institutions.  On Oct. 4, 2018, the Department of Justice granted the Remission Petition.

So far, approximately $4.5 million of the funds have been collected and are approved for repatriation of the $6 million ordered to be forfeited will be repatriated.  These funds will be deposited  in the account of  the Government of the Kyrgyz Republic (“current account of the Central Treasury of the Ministry of Finance of the Kyrgyz Republic in the National Bank of the Kyrgyz Republic”).  MLARS attorneys working in the Kleptocracy Asset Recovery Initiative assisted in the investigation linking these funds to the corruption offenses in Kyrgystan.  Additional efforts will be made by the U.S. Government and the Government of the Kyrgyz Republic to try to locate and return the remainder of the stolen assets in the forfeiture order.

Read more here: Justice Department Rapatriates Forfeited Funds to the Government of the Kyrgyz Republic

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A Shared Love For Jazz: Kyrgyz Republic’s Jazz Band ‘Salt Peanuts’ Performs at the Kennedy Center

Posted: 12:06 am ET
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The Republic of Kyrgyzstan declared its independence from the Soviet Union on August 31, 1991. The United States recognized Kyrgyzstan’s independence on December 25, 1991. Diplomatic relations were also established on December 25, 1991, when President George H.W. Bush announced the decision in an address to the nation regarding the dissolution of the Soviet Union.  The American Embassy in Bishkek was established on February 1, 1992, with Edmund McWilliams as Chargé d’Affaires ad interim.

This year, the Kyrgyz Republic celebrates its 25th Independence Day and 25 year of diplomatic relations with the United States. Below is Kyrgyz’s Salt Peanuts performing at the Kennedy Center on September 10. A shared love for jazz, have a listen — they’re awesome!

 

 

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US Embassy Bishkek: World Nomad Games in Kyrgyzstan

Posted: 4:10 am ET
Updated: 6:34 am: corrected the headline, Astana is the capital of Kazakhstan. Kazakh team played against the United States during the Games held in Kyrgzstan
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The second World Nomad Games was held in Kyrgzstan from September 3-8, 2016. This year’s event was participated by 40 countries with 23 kinds of nomadic sport. The games include kok-boru, a sport similar to Buzkashi, where riders fight for a goat carcass, horse racing, folk wrestling, horseback wrestling, Salburun, a traditional kind of hunt in Central Asia, involving falconry and archery, and competitive yurt building, to name a few.  It looks like former action star Steven Segal was a featured guest.  A US team also played against Kazakhstan in kok-buro (scroll to the bottom for the photos, and video from US Embassy Bishkek).