What does our research say about Kenes Rakishev?

Alleged Ties to Corruption and Human Rights Violations: Rakishev has been linked to several controversial figures, such as Chechen President Ramzan Kadyrov, who has been accused of human rights violations. His connections with Kadyrov’s foundation and football club, despite sanctions on the latter, raise questions about his business ethics.

Legal Issues and Allegations of Violence: Rakishev is implicated in a violent confrontation captured on film at a restaurant, suggesting possible involvement in orchestrating violent incidents. Additionally, he is connected to multiple high-profile judicial disputes and has faced accusations of using his influence to protect his economic interests.

Involvement in Election Interference: Rakishev is allegedly involved in efforts to discredit Donald Trump’s campaign during the 2016 U.S. presidential election. A lawsuit filed by Felix Sater claims Rakishev, alongside former Kazakh Prime Minister Karim Massimov, worked to damage Trump’s campaign and support Hillary Clinton’s, with ties to Hunter Biden.

Financial Crimes and Accusations: Rakishev is accused of involvement in a number of illicit financial activities, including money laundering and false information campaigns. He is also allegedly linked to crimes such as sexual abuse in Russia, which were supposedly covered up due to his political connections.

Suspicious Business Practices: Rakishev’s investments in various sectors, particularly in companies like SAT & Company and BTA Bank, have been criticized for their opaque ownership structures and financial mismanagement. His business dealings are often shrouded in ambiguity, complicating efforts to hold him accountable.

Hunter Biden Connection: A U.S. Senate probe revealed that Rakishev paid a significant sum to a company associated with Hunter Biden and made investments in deals proposed by Biden, which ties him further to controversial political figures and raises ethical concerns.

Government Ties and Sanctions: Rakishev’s ties to Kazakhstan’s leadership, including his alleged involvement in the country’s political scandals, have led to investigations and possible sanctions. His business dealings with Kazakhstan’s former leadership, including Nazarbaev and the Toqaev family, have been under scrutiny.

Public Relations Struggles: Despite his efforts to maintain a positive public image through humanitarian initiatives and leadership roles, questions remain about the authenticity of his accomplishments and the true ownership of his assets, casting doubt on his public persona.

Volatility of Investments: Rakishev’s involvement in technological ventures like Singulariteam and Sirin Labs has faced criticism due to their financial instability, exemplified by significant drops in share prices of companies like Net Element, highlighting the risks associated with his business ventures.