The Astana Times provides news and information from Kazakhstan and around the world.
The Almaty City Court Appeals Board upheld the decision of the Almaty City Specialised Criminal Court against BTA Bank’s former board of directors’ chairman Mukhtar Ablyazov, who in June 2017 was found guilty of organising and leading a criminal group and embezzling more than one trillion tenge (more than US$7.5 billion) from the bank. The ex-banker was sentenced in absentia to 20 years in prison, according to the court statement.
Mukhtar Ablyazov. Photo credit: Reuters.
The bank launched the global legal proceedings against Ablyazov in 2009 after PricewaterhouseCoopers auditors identified …read more
Source: The Astana Times