Accessibility links

Breaking News

Kyrgyzstan Announces Amnesty On 'Shadow Capital'

BISHKEK -- An amnesty on the assets of illegal businesses has begun in Kyrgyzstan RFE/RL's Kyrgyz Service reports.

According to the law signed by President Kurmanbek Bakiev on October 1, Kyrgyz citizens now have the opportunity to legalize any financial assets or property that were acquired illegally. The amnesty will end on December 31.

Anyone who declares such assets will be free of any punishment or fines. This is the second attempt by the Kyrgyz government to get people to legalize so-called shadow capital.

A similar attempt in 2007 produced few results. Neighboring Kazakhstan has had two such amnesties and Tajikistan has issued one.