Iskander has been a successful entrepreneur in Kazakhstan for many years. In 2002, together with well-known Kazakh businessman Margulan Seysembayev, he purchased a telecommunication company KaR-Tel for $12 million, using mostly bank loans. At that time, KaR-Tel had only 200,000 subscribers. The new management restructured the company to become the second largest cellular operator in Kazakhstan, increasing its subscriber base to 670,000. In August 2004, KaR-Tel was sold to Russia’s VimpelCom (the Beeline brand) for $350 million. The same year, Iskander founded SkyService, one of Kazakhstan’s most successful airlines in the field of light aviation, and Sky Tech, a company engaging in technical servicing and heavy repair of helicopters and airplanes. More than 100 people work for both companies. In 2013, Iskander bought Konfety Karagandy, a confectionery factory. At the time of his arrest, more than five hundred jobs were depending on his fate. Himself a pilot, Iskander is married, father of five children, of which three are minors. He also has a grandson.
Document: Who Is Iskander Yerimbetov