ALMATY: Kazakh prosecutors have filed a lawsuit seeking to nullify the transfer of a local bank’s ownership from ex-president Nursultan Nazarbayev’s non-profit foundation to a foreign company, they said on Thursday.
The foundation established by Nazarbayev, who ran the oil-rich Central Asian nation for three decades until resigning in 2019, used to own Jusan Bank, the sixth-largest lender in the former Soviet republic.
But according to a statement by the prosecutor general’s office, the company through which the foundation owned the bank transferred its shares to Jusan Technologies, a British company, in 2020, “endangering public interest.”
Jusan Technologies’ parent company, Nevada-based Jysan Holding, in a separate statement on Thursday said it has filed a lawsuit in a federal district court in Nevada against the Kazakh government, accusing it “of engaging in a campaign of fear and intimidation in order to seize control of the companies’ Kazakhstan-based assets worth more than $1.5 billion.”
A spokesperson for the Jusan Group said that Nazarbayev and his daughter Dariga Nazarbayeva had “never had any role or connection — directly or indirectly — with Jusan.”
“This asset freeze is part of an attempt by the Government of Kazakhstan to unwind lawful transactions involving the Jusan Group that were undertaken with their prior express approval,” the group’s spokesperson said.
Nazarbayev, 82, fell out with his successor Kassym-Jomart Tokayev last year and lost key positions which had given him sweeping powers, such as the chairmanship of the security council, even after his resignation.
The Nazarbayev foundation, run by his daughter Dariga Nazarbayeva, acquired Jusan in 2019 after it was bailed out by the state.
According to prosecutors, the foundation asked them this month to look into the case, describing the ownership transfer as a result of illegal actions by several entities.
Neither the foundation, which runs a university and a network of prestigious schools, nor Nazarbayev’s spokesman could be immediately reached for comment. (Reporting by Olzhas Auyezov; Editing by Christian Schmollinger and Sonali Paul)
Kazakhstan challenges large asset transfer by ex-president Nursultan Nazarbayev’s foundation
https://arab.news/yhk8d
Kazakhstan challenges large asset transfer by ex-president Nursultan Nazarbayev’s foundation

- US-based Jysan Holding countered by filing a lawsuit against the Kazakh government, accusing it “of engaging in a campaign of fear and intimidation" in order to seize control of the companies’ assets
France says to expel Algerian diplomats in tit-for-tat move

Barrot told the BFMTV broadcaster that he would summon Algeria’s charge d’affaires to inform him of the decision that he said was “perfectly proportionate at this point” to the Algerian move, which he called “unjustified and unjustifiable.”
Japanese military training plane crashes with two on board

TOKYO: A Japanese military training plane crashed shortly after takeoff, authorities said Wednesday, with reports saying two people were on board the aircraft which appeared to have fallen in a lake.
“We’re aware a T-4 plane that belongs to the Air Self-Defense Force fell down immediately after taking off at Komaki Air Base” in central Japan, top government spokesman Yoshimasa Hayashi said.
“Details are being probed by the defense ministry,” he told reporters.
The T-4 seats two and is a “domestically produced, highly reliable and maintainable training aircraft... used for all basic flight courses,” according to the defense ministry website.
The aircraft was flying around Lake Iruka near Inuyama city north of Nagoya, according to media outlets including public broadcaster NHK.
“There is no sight of the plane yet. We’ve been told that an aerial survey by an Aichi region helicopter found a spot where oil was floating on the surface of the lake,” local fire department official Hajjime Nakamura told AFP.
He said his office had received unconfirmed information that there were two people on board but that they had not been able to independently verify this.
Aerial footage of the lake broadcast by NHK showed an oil sheen on its surface, dotted with what appeared to be various pieces of debris.
Just after 3:00 p.m. (0600 GMT) the local fire department received a call saying it appeared that a plane had crashed into the lake, the reports said.
The reports added, citing defense ministry sources, that the training plane had disappeared from the radar.
The defense ministry was not able to immediately confirm details to AFP.
Jiji Press said the local municipality had said there had been no damage to houses in the area.
Kabul says ready for ‘dialogue’ with US on Afghan refugees

- Over 11,000 Afghans in the US risk deportation after losing temporary protected status this month
- Many of them backed the US during the 20-year war in Afghanistan and fled in fear of the Taliban
KABUL: The Taliban government said Tuesday it was ready for “dialogue” with the Trump administration on the repatriation of Afghan refugees whose legal protections in the United States will be revoked in July.
Citing an improved security situation in Afghanistan, Washington announced Monday that the temporary protected status (TPS) designation for Afghanistan would expire on May 20 and the termination would take effect on July 12.
Kabul is “ready to engage in constructive dialogue with the US & other countries regarding repatriation of Afghans who no longer meet criteria to remain in host countries,” said Abdul Qahar Balkhi, spokesman for the Ministry of Foreign Affairs, on X.
The Taliban government has already offered assurances that those Afghans who fled the country as they stormed back to power in 2021 could safely return.
However, the United Nations has reported cases of executions and disappearances.
Taliban authorities have also squeezed women out of education, jobs and public life since 2021, creating what the UN has called “gender apartheid.”
The move by Washington could affect more than 11,000 Afghans, many of whom supported the United States during two decades of war and fled Taliban persecution, according to Shawn VanDiver, president of AfghanEvac.
“Afghanistan is the shared home of all Afghans, & all have the right to free movement,” Balkhi said in his statement.
The country has faced a major economic crisis since 2021 and is enduring the second worst humanitarian crisis in the world after Sudan, according to the United Nations.
More than 100,000 Afghans have returned home since neighboring Pakistan launched a new mass expulsion campaign in April.
More than 265,000 undocumented Afghans also returned from neighboring Iran between January and April, according to the International Organization for Migration (IOM).
US federal law permits the government to grant TPS to foreign citizens who cannot safely return home because of war, natural disasters or other “extraordinary” conditions.
But since taking office President Donald Trump has moved to strip the designation from citizens of countries including Haiti and Venezuela as part of his broader crackdown on immigration.
US Republicans eye key votes on Trump tax cuts mega-bill

WASHINGTON: Republicans geared up Tuesday for a series of crucial votes on Donald Trump’s domestic policy mega-bill, with rows over spending threatening to unravel the US president’s plans for sweeping tax cuts.
Three key House committees are slated to finalize and vote on their portions of Trump’s much-touted “big, beautiful” bill, led by a roughly $5 trillion extension of his 2017 tax relief.
Republicans are weighing partially covering the cost with deep cuts to the Medicaid health insurance program that benefits more than 70 million low-income people.
Before it can get to Trump’s desk, the package must survive votes of the full House and Senate, where Republicans have razor-thin controlling margins.
“The bill delivers what Americans voted for — tax policies that put working families first — and kick-starts a new golden era of American prosperity and strength,” said Jason Smith, chairman of the Ways and Means Committee, which is charged with drafting the tax proposals.
The marathon committee debates are expected to continue into the night and even spill into daytime Wednesday ahead of a make-or-break full House vote planned for next week.
If any of the committees fall short, the timetable for ushering in Trump’s priorities could be upended.
As the Republican billionaire seeks to cement his legacy with lasting legislation, every week is considered crucial ahead of 2026 midterm elections that could see his grip on the levers of power weakened.
But the package is threatened by bitter infighting, with conservatives angling for much deeper cuts and moderates worried about threats to health coverage.
Republicans plan to slash more than $700 billion from health care alone, which would leave several million people without coverage, according to a nonpartisan estimate by the Congressional Budget Office.
Democrats have angrily defended at-risk entitlements and hit out at tax cuts they say are a debt-inflating gift to the rich, funded by the middle class.
On the tax front, House Republicans released a nearly 390-page bill Monday detailing where they want to raise revenues to cover Trump’s promised extension of the expiring 2017 tax cuts.
The Joint Committee on Taxation estimates that this portion of the package will mean $3.7 trillion in lost revenue between 2025-2034, when savings in the text are taken into account.
The president appears on course to get most of what he wants — including a four-year pause on tax on tips, overtime and interest on loans for American-made cars.
There are big tax hikes on the endowments of wealthy colleges such as Harvard, Yale and Princeton, and an aggressive roll-back of Joe Biden’s clean energy tax credits.
But Republicans representing districts in high-tax states have rejected as too low a proposed increase in the relief they get in state and local taxes from $10,000 to $30,000.
Democrats hosted a press event at the US Capitol to decry the proposed cuts ahead of the committee meetings, deploying a mobile billboard criticizing Republicans over the Medicaid proposals.
“Let’s be clear: There’s nothing moderate, efficient, or reasonable about Donald Trump and Republicans’ dangerous plans to gut health care and force kids to go hungry so they can fund tax handouts for billionaires,” said Democratic National Committee spokesperson Aida Ross.
Twenty-five activists were arrested outside one of the committee rooms for “illegally demonstrating,” the US Capitol Police told AFP.
“It is against the law to protest inside the congressional buildings,” the force said in a statement.
Trump’s approval rating rises as Americans worry less about recession

WASHINGTON: President Donald Trump’s approval rating rose this week as Americans worried less about his handling of the economy and prospects of a recession, according to a Reuters/Ipsos poll that closed on Tuesday.
The two-day poll showed 44 percent of respondents approved of the Republican leader’s performance, up from 42 percent in a prior Reuters/Ipsos survey carried out April 25-27. The poll had a margin of error of 3 percentage points.
Approval of Trump’s economic stewardship rose to 39 percent from 36 percent.
Trump began his term with a 47 percent approval rating, and saw his popularity tick lower as Americans worried about a series of trade wars he launched since taking office on January 20.
Trump’s moves to hike tariffs to historic levels on major trading partners, notably China, fueled stock market declines as many economists predicted a recession was looming.
In recent weeks, Trump has eased back on his sharpest trade actions and announced on Monday morning he was slashing tariffs on China. The benchmark S&P 500 stock index is up about 17 percent from its lowest closing of Trump’s second administration, hit soon after he unveiled sweeping tariffs.
Among the public, concerns about recession have also eased but remain high.
Some 69 percent of respondents in the new poll said they were concerned about a recession, down from 76 percent in a Reuters/Ipsos poll conducted April 16-21. The share who said they worried about the stock market fell to 60 percent from 67 percent.
Trump has said blame for the country’s economic problems should fall on former President Joe Biden, his Democratic predecessor. Inflation surged during Biden’s presidency amid the global economic chaos of the COVID-19 pandemic, but trended lower toward the end of his presidency. Annual price inflation cooled in April, the Labor Department said on Tuesday, though economists continue to warn that Trump’s trade actions are likely to boost prices later in the year.
In the Reuters/Ipsos poll, 59 percent of respondents said it would be Trump’s fault if the economy falls into recession this year, compared to 37 percent who said it would be Biden’s fault.
The Reuters/Ipsos poll, conducted nationwide online, surveyed 1,163 people.