At a meeting of the committee dealing with finance, budget, entrepreneurship, and competition development, the draft law "On Venture Financing" was discussed.
Bekeshev sharply criticized the initiative to create a state venture fund, emphasizing the potential risks of losing budget funds.
“Venture investments are associated with a high degree of risk. Why should we jeopardize citizens' money? In such schemes, fraud and money laundering can easily be disguised. Tomorrow the tax service will come, and they will simply be told: ‘Sorry, the funds are lost, the startup failed,’” noted the deputy.
Bekeshev drew parallels between such schemes and the operation of online casinos, which are often used as crypto exchanges for withdrawing funds. He also reminded about the negative experience of investing significant amounts in state enterprises, from which it is now impossible to recover the funds.
“Let private investors do this. We have already invested a lot of money in state enterprises that we can no longer recover. I will support the draft law in the first reading, but for the second reading, I ask to reconsider the role of the state,” concluded Dastan Bekeshev.
The draft law aims to develop the venture market and create a legal framework to support startups and innovative companies in the country.
