The grandson of Kazakhstan’s autocratic former leader was the mystery client at the centre of the collapse of a City firm specialising in ‘golden visas’ for the super-rich, openDemocracy and SourceMaterial have learned.
Dolfin Financial went into administration last year after the Financial Conduct Authority (FCA) banned it from regulated activities, saying it “dishonestly or recklessly provided misleading information” about its visa schemes and a relationship with an “ultra-high net worth client”.
The FCA did not name the client but openDemocracy and SourceMaterial have established it was Nurali Aliyev, the favoured grandson of Nursultan Nazarbayev, Kazakhstan’s long-time ‘leader of the nation’.
