Head of Kazakh bank shot dead while hunting

Head of Kazakh bank shot dead while hunting

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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