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Kyrgyz court sentences Maxim Bakiyev to life imprisonment in absentia

On May 12, Pervomaisky District Court of Bishkek found the son of ex-president Kurmanbek Bakiyev, Maxim, guilty of corruption in the case of Manas Bank CJSC, committed in the interests of the criminal group, of organizing money laundering and sentenced him to life imprisonment, a fine of 50 calculated rates, confiscation of property and deprivation of the right to hold public posts for a period of three years. Press service of the Supreme Court of the Kyrgyz Republic reported.

The court ruled that Maxim Bakiyev should serve his sentence in high-security penal colony.

The former head of Manas Bank CJSC Valery Belokon was also found guilty of organizing money laundering.

The court sentenced him to 20 years in prison with confiscation of property and deprivation of the right to engage in banking activities for a period of three years with serving a sentence in a penal colony.

The chairman of the bank’s board Evgeniy Verbitsky was also found guilty. He was sentenced to 20 years in prison with confiscation of property and serving his sentence in a penal colony with high-security regime.

The bank’s officials — Anita Lase, Yury Kachnov and Sergey Kostyrin were found guilty of money laundering. The court sentenced them to 20 years behind bars with confiscation of property and serving a sentence in a special security colony.

Another employee of the bank, Cholpon Imanalieva, was found guilty of complicity in the organization of money laundering. The court sentenced her to imprisonment for a period of 7 years with confiscation of property and serving punishment in the high-security penal colony.

The court found ex-chairman of the National Bank, Marat Alapayev, guilty and sentenced to 25 years in jail with confiscation of property and deprivation of the right to hold state posts for a period of three years. Alapayev will serve his sentence in a high-security penal colony.

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