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Head of Kazakh bank shot dead while hunting

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  • Head of Kazakh bank shot dead while hunting

    Head of Kazakh bank shot dead while hunting

    Reuters
    12/19/04 08:05 ET

    ALMATY, Dec 19 (Reuters) - The head of Kazakhstan's second largest
    bank TuranAlem, Yerzhan Tatishev, died on Sunday in a shooting accident
    while hunting wolves, the government spokesman said.

    Government spokesman Murat Buldekbayev said Tatishev had died on a
    hunting expedition in the Central Asian state's southern region near
    the border with Kyrgyzstan.

    "He died at about noon," he said. "His death was caused by a lethal
    gunshot wound to his head, due to incautious use of firearms," he
    added. He gave no further details.

    Three days ago Tatishev, 37, had unveiled during a visit to Russia
    TuranAlem's ambitious strategy to borrow $1.5 billion next year.

    The rapidly growing bank, which has bought several banks in Russia,
    Ukraine and Belarus and eyes new acquisitions in Armenia, Azerbaijan
    and ex-Soviet Georgia, plans to issue a 7-year, $200-million Eurobond
    in the first quarter of 2005.

    Earlier this month the bank said it also planned to raise around $350
    million via a rouble bond issue in Russia next year.

    From: Emil Lazarian | Ararat NewsPress
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