UAPF provided repayment of pension assets in the amount of more than 23.6 billion tenge
Joint-stock company "Unified accumulative pension Fund" continues to actively work on the return of problem debts formed as a result of non-fulfillment of obligations on pension assets.
Recall that the UAPF has been carrying out this work since the transfer of pension assets from private accumulative pension funds to the UAPF. At the time of completion of the transfer of pension assets to the UAPF in 2014, the Fund had 32 problem issuers and their debt amounted to 161.45 billion tenge at face value.
As of August 2020, the UAPF is working on debt repayment for the remaining 19 issuers that defaulted. These 19 problematic issuers can be divided into the following groups:
1. Issuers subject to the rehabilitation procedure
(JSC "Rosa", JSC "Kazakhstan Kagazy" and JSC "Imstalcon"). Only 3 of the Issuer.
The amount of debt of these issuers at par value is 15.80 billion tenge.
2. issuers that are subject to claim / enforcement proceedings (Alternative Finance JSC, remiks-R JSC, Kazneftekhim JSC, Astana-real Estate JSC, construction materials and structures Combine-2 LLP, Ornek XXI JSC, Mineral resources of Central Asia JSC, TEMA Ko JSC, HOMEBROKER JSC, Tort-Kudyk Mining and processing plant JSC, and Kort-Kudyk LLP APK-invest Corporation, KAZEXPORTASTYK holding JSC). There are 12 issuers in total. The amount of debt for this group at face value is 13.03 billion tenge.
3. Issuers that are subject to bankruptcy/compulsory liquidation proceedings (Currency-Transit-Bank JSC, GLOTUR JSC, Qazaq Banki JSC, Eximbank Kazakhstan JSC). There are 4 issuers in total. The amount of debt owed by this group of issuers at par value is 17.5 billion tenge.
Thus, as of August 2020, the total amount of debt (due to pension assets) for the above-mentioned 19 problem issuers is 46.33 billion tenge, at face value, and taking into account the debt of KAZEXPORTASTYK holding JSC for the payment of coupon remuneration in the amount of 5.8 billion tenge, the total amount of debt will be 52.13 billion tenge.
It should be noted that as of July 31, 2020, the total amount of debt repaid to the UAPF on pension assets amounted to 23.634 billion tenge. Including:
in 2014-2016 – 1.475 billion tenge,
in 2017 – 1.249 billion tenge,
in 2018 – 14.853 billion tenge,
in 2019 – 4,507 billion tenge,
In total, for the seven months of 2020 – 1.55 billion tenge, which came from:
* ABDI company JSC - 188.42 million tenge (coupon payment);
• APK-invest Corporation LLP – 17.92 million tenge (repayment within the framework of enforcement proceedings);
• Kazakhstan Kagazy JSC - 127.9 million tenge (repayment under rehabilitation);
* Imstalcon JSC-105 million tenge (repayment under rehabilitation);
* JSC "Ornek XXI" - 22 million tenge (repayment by third parties of part of the debt to the Fund);
* "Combine of building materials and structures-2" LLP - 29.05 million tenge (repayment within the framework of enforcement proceedings);
* Astana-real Estate JSC - 45.11 million tenge (repayment within the framework of enforcement proceedings);
* JSC "Atamaken-agro" - 1,015 billion tenge (repayment according to the court decision).
In addition, according to the results of the claim and claim work carried out this year to recover the debt of JSC "Atameken-agro", as of July 1, the debt of this Issuer was repaid in full in the amount of 1,015,160,000 tenge.
At the same time, the UAPF is taking measures to initiate criminal proceedings in order to bring to justice those responsible for causing damage to pension assets.
So, to date, the Fund is involved in criminal proceedings against 12 issuers-JSC "GLOTUR", JSC" Imstalcon", JSC" Remix-R", JSC" Rosa", JSC" Mineral Resources of Central Asia", JSC" HOMEBROKER", JSC" Kazneftekhim", JSC" Kazakhstan Kagazy", JSC" Kazinvestbank", JSC" Delta bank"," LANDSBANKI", JSC"Astana-real Estate".
It is worth noting that the pre-trial investigation against the former managers and shareholders of two issuers (JSC Imstalcon and JSC Remix-R) has been completed to date. The case files have been submitted to the court for consideration. Based on the results of the court sessions, the court will give an appropriate assessment of the actions of these persons. Also, in order to compensate for damage caused by a criminal offense, the Fund filed claims for compensation for this damage caused to the pension assets of the UAPF. In the event of a conviction, this damage will also be subject to compensation.
It is important to emphasize that a number of managers of these organizations evade the investigation authorities, in connection with which today the former head and shareholder of JSC Imstalcon Vladimir Kananykhin, former Chairman of the Board of JSC remiks-R Timur Bespayev, as well as the head and shareholder of JSC Kazneftekhim Edyl Kirishev are wanted. Their search has been underway for more than two years.
UAPF was established on August 22, 2013 on the basis of JSC " NPF "GNPF". The founder and shareholder of UAPF is the Government of the Republic of Kazakhstan represented by the state property and privatization Committee of the Ministry of Finance of the Republic of Kazakhstan. The national Bank of the Republic of Kazakhstan provides trust management of pension assets of the UAPF. Since January 1, 2016, the functions of developing proposals for improving the efficiency of pension assets management have been transferred to the National Fund management Council. In accordance with the pension legislation, the UAPF attracts mandatory pension contributions, mandatory professional pension contributions, voluntary pension contributions, pension payments, individual accounting of pension savings and payments, and provides the depositor (recipient) with information about the status of his / her pension savings (for more information, see www.enpf.kz).