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Kumtor audit reveals production of 25 gold medals under Tengiz Bolturuk

During the period of temporary external management, 25 gold medals worth $62,200 were produced at Kumtor. The report of the Accounts Chamber on the results of the audit of Kumtor Gold Company’s work during external management says.

Of 25 medals, nine worth $10,500 are already missing. The rest are kept in the cash office. The Accounts Chamber considers spending on them as unjustified expenses.

Recommendation of the Accounts Chamber on this matter is as brief and clear as possible: to stop investing in projects that do not generate income for the management of Kumtor Gold Company CJSC.

The Accounts Chamber finally published a report on the audit of Kumtor during the period of external management. The document contains over 100 pages.

Tengiz Bolturuk and Ryspek Toktogulov were dismissed from all the positions they held. It was reported that the Prosecutor General’s Office began a detailed check. It resulted in three criminal cases with preliminary damage to the state of 1 billion soms. As a result, the former external manager of Kumtor was detained and placed in the remand center of the State Committee for National Security until March 10, 2023. Tengiz Bolturuk himself does not admit his guilt. He stated that all the accusations were false. His lawyer says that the accused is ready to cooperate with the investigation.

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