State Reclaims 51% Stake in Bulaev Su Utility

Summary
Prosecutors successfully reclaimed a 51% stake in Bulaev Su for the state after the private investor failed to invest in water infrastructure.
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A 51% stake in the water utility company Bulaev Su has been returned to state ownership following a court ruling initiated by the prosecutor's office.
During the trial, prosecutors proved that the private investor failed to fulfill their investment obligations and inject capital into the enterprise. Meanwhile, the actual financial burden and operational costs for maintaining the water supply networks continued to be covered by the local akimat using public budget funds.
Following the confirmed breach of investment terms, the controlling interest was legally transferred back to state control.
Source: inbusiness.kz
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