Questions from residents of the Karaganda region

    Committee of State Property and Privatization of the Ministry of finance of the Republic of Kazakhstan

    1

    When viewing lots on the e-qazyna electronic auction portal, one may encounter assets—specifically motor vehicles—that are subject to restrictions, seizures, or similar encumbrances. How can these be lifted, and do buyers of such assets incur additional costs?

    Yes, indeed—confiscated assets, particularly the vehicles you mentioned, are subject to liens or seizure orders imposed by bailiffs, investigators, judges, and so forth. Once the purchase and sale agreement has been concluded, full payment made, and the property handover certificate signed, you should submit a request directly to the individuals or authorities that imposed the liens. You must attach copies of the documents related to the acquired property (the auction results protocol, the purchase and sale agreement, and the handover certificate), and they will lift the liens within the statutory timeframes.

    You will incur no additional financial costs.

    2

    Can I reuse the funds in my electronic wallet for other auctions?

    Yes, you do not necessarily have to withdraw funds from the electronic wallet. The money can be reused to participate in other auctions.

    3

    Who is responsible for the safekeeping of state property put up for auction? Do I have the right to inspect this property before the auction takes place?

    In accordance with the regulations established by the legislation of the Republic of Kazakhstan regarding the sale of property, the entity holding the state property on its balance sheet is responsible for the preservation of the privatization object and the accuracy of information concerning it until ownership rights are transferred to the buyer. Following the publication of the notice, the balance holder must ensure that prospective buyers have free access to inspect the privatization object.

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