| May 22, 2007 |
April Sifford
Branch Chief
United States Securities and Exchange Commission
Washington, D.C. 20549
| Re: | BMB Munai, Inc. |
Form 10-KSB for the Fiscal Year Ended March 31, 2006
Filed June 29, 2006
| File No.: 1-33034 |
|
| Supplemental Response dated March 12, 2007 | |
Dear Ms. Sifford:
In connection with the Company’s responses to comments raised by the staff at the Securities and Exchange Commission in your letter dated April 17, 2007, the Company acknowledges that:
| • | it is responsible for the adequacy and accuracy of the disclosure in its filings; |
| • | staff comments or changes to disclosure in response to staff comments do not foreclose the Commission from taking any action with respect to the filing; and |
| • | it may not assert staff comments as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States. |
If you have any questions or require additional information, please contact me directly.
| Sincerely, |
| /s/ Adam R. Cook |
| Adam R. Cook |
|
| Corporate Secretary | |
