Ablyazov
Arrest warrant for Kazakh billionaire accused of one of world's biggest frauds
17.02.2012. Category:Kazakhstan
A high court judge has issued an arrest warrant for a Kazakh billionaire accused of committing one of the world's biggest ever frauds.
Mukhtar Ablyazov, who is alleged to have embezzled $5bn (£3.2bn), was found guilty of lying to the court about the scale of his vast fortune, including a £17m mansion on The Bishops Avenue, known as London's "billionaires' row". Mr Justice Teare sentenced Ablyazov to 22 months in jail for "serious" and "brazen" contempt of court in trying to hide more than £34m of assets from creditors, who claim he siphoned off billions of pounds from the Kazakh bank he used to run, BTA.More ...
Mukhtar Ablyazov, who is alleged to have embezzled $5bn (£3.2bn), was found guilty of lying to the court about the scale of his vast fortune, including a £17m mansion on The Bishops Avenue, known as London's "billionaires' row". Mr Justice Teare sentenced Ablyazov to 22 months in jail for "serious" and "brazen" contempt of court in trying to hide more than £34m of assets from creditors, who claim he siphoned off billions of pounds from the Kazakh bank he used to run, BTA.More ...