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  "documentTitle": "CPI Property Group (CPIPGR)",
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  "authorName": "Muddy Waters Research",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2024-05-29 00:00:00",
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  "notes": "Uses excerpts from legal documents to substantiate claims of unauthorized fund usage.",
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      "kind": "callout",
      "text": "Whether Aliza Nazarbayeva was actually defrauded (or not) is immaterial. Her money was used to finance the Buxmead.",
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      "text": "Excerpt from legal complaint regarding Buxmead Loan",
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      "text": "Excerpt from legal complaint regarding Buxmead Bonds",
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      "kind": "paragraph",
      "text": "Whether Aliza Nazarbayeva was actually defrauded (or not) is immaterial. Her money was used to finance the Buxmead. Aliya’s complaint states that ~£38.6m of her money was invested in the Buxmead in two transactions: 1. a 2010 loan for $27.3m (£17.3m) 2. a 2011 bond for £21.3m ($34.7m)",
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      "kind": "quote",
      "text": "On or around 1 October 2010, the Defendants used Ms Nazarbayeva’s Funds and/or caused her to make a loan to Harrison Varma in connection with the Buxmead Development (the “Buxmead Loan”). — Nazarbayeva v. Ishmuratov, Korotkov-Koganvocich, Particulars of Claim, 23-03-2016, HC-2016-000924.",
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      "text": "Nazarbayeva v. Ishmuratov, Korotkov-Koganvocich, Particulars of Claim, 23-03-2016, HC-2016-000924. Prior to making an investment into the Buxmead with Aliya’s money, Malik and Denis also arranged for her to purchase a Harrison Varma project known as the Grange View Property in Highgate for ~£8.75m.",
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      "text": "Aliya Nazarbayeva’s Claim is Clear, Her Kazakh Wealth Managers Put ~£38.6m of Her Personal Money into the Buxmead",
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      "evidence": "The document continues to build a case against CPIPGR, presenting more evidence of questionable transactions.",
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