The law firm Frank R. Cruz announces an investigation into the joint stock company Kaspi.kz (KSPI) on behalf of investors

On September 19, 2024, Culper Research published a report alleging, among other things, that Kaspi “systematically misled U.S. investors and regulators by repeatedly claiming – particularly prior to the company’s NADSAQ listing in January 2024 – that the company had no exposure to Russia whatsoever.” Culper Research’s report claims that, in fact, “Russia has contributed significantly to Kaspi’s reported growth.”

On this news, Kaspi’s share price fell as much as 23% in intraday trading on September 19, 2024, hurting investors.

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If you purchased Kaspi securities, have information or would like to learn more about these claims, or have any questions about this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz of The Law Offices of Frank R. Cruz, 2121 Avenue of the Stars, Suite 800, Century City, California 90067, at 310-914-5007, by email at [email protected], or visit our website at www.frankcruzlaw.com. When inquiring by email, please include your mailing address, telephone number, and number of shares purchased.

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Kaspi.kz shares at the time of publication of the news with a decline of -17.51 % up to 89.50EUR on the Lang & Schwarz Stock Exchange (September 19, 2024, 10:08 p.m.).

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