The seizure of CEO Timor Turlov's assets by Russia's Deposit Insurance Agency due to allegations of asset withdrawal from Assotsiatsiya Bank has negatively impacted investor sentiment, leading to a decline in FRHC shares. Despite Turlov's reassurances that this will not affect Freedom Holding's international business or projects in Kazakhstan, the immediate market reaction has been negative. The company's prior divestment from its Russian business may mitigate long-term impacts, but short-term sentiment is clearly affected.