The State Committee for National Security of Kyrgyzstan reported on the return to state ownership of part of the shares of Kyrgyzneftegaz, purchased by the previous company management at an undervalue.

During operational activities, the illegal acquisition of 383,590 shares by the former chairman of the company's management board, known under the initials B. R. A., was revealed.

The investigation became known that in 2019, while holding the position of an executive, B. R. A. initiated the buyout of shares from minority shareholders, referring to the government's program to sell the company's assets to the Russian corporation Gazprom. However, capitalizing on his position, he repurchased these shares at an undervalued price and registered them to affiliated persons.

As a result, B. R. A. voluntarily returned to the state the shares of the OJSC “Kyrgyzneftegaz”, which total value is estimated at 65.6 million KGS.