AstanaNurlan Zhakupov, arrested Thursday, ran assets worth almost 40% of Kazakhstan’s GDP.

President Tokayev says the arrests will not disrupt the fund, which owns Air Astana and KazMunayGaz.

Railway chief Yelzhas Otynshiyev was also arrested, after the state railway cleared a Hong Kong listing hearing for a planned offering.

Tokayev also said officials reviewed some contracts signed by mistake, without saying which industries or counterparties.

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Reuters
ties the Samruk-Kazyna arrests to the fund's ~40% share of GDP and KTZ's planned Hong Kong IPO

Sources: Reuters