News

27.06.2024
BTA BANK JSC AND THE CITY OF ALMATY OBTAIN COMPLETE WIN FROM AN AMERICAN JURY AGAINST CONSPIRATORS OF MUKHTAR ABLYZOV AND VIKTOR KHRAPUNOV
Following a three-week trial, a jury of four men and five women sitting in the United States District Court for the Southern District of New York returned a jury verdict today in favor of the City of Almaty, Kazakhstan, and BTA Bank JSC on all claims against Felix Sater, Bayrock Group, Inc., Global Habitat Solutions, and MeM Energy Partners LLC. The jury ruled in favor of the City of Almaty and BTA Bank on claims of conversion, unjust enrichment, and money had and received, and also awarded punitive damages against Sater as punishment for his particularly morally culpable conduct. In total, the jury awarded the City of Almaty and BTA Bank more than USD $32,000,000, including interest—a figure in excess of what BTA and Almaty asked for in compensatory damages. The jury deliberated for less than half a day. The Honorable John G. Koeltl, United States District Judge for the Southern District of New York, presided over the trial and received today’s verdict.

06.12.2023
NEW YORK FEDERAL COURT AWARDS BTA BANK ATTORNEYS’ FEES FOLLOWING JURY VERDICT CONCERNING ABLYAZOV’S THEFT
The United States District Court for the Southern District of New York on 28 November 2023 awarded BTA Bank JSC its attorneys’ fees incurred in connection with certain of BTA Bank’s claims against Triadou SPV S.A., a shell company used to launder money stolen by former Chairman Mukhtar Ablyazov and his son-in-law and co-conspirator, Ilyas Khrapunov.

03.08.2023
AMERICAN COURT FOUND THAT MUKHTAR ABLYAZOV STOLE MONEY FROM BTA BANK AND LAUNDERED THEM IN THE USA
July 31, 2023 John G. Költl, Judge of the US District Court in the Southern District of New York, delivered a judgment in favor of BTA Bank JSC against Triadou SPV S.A. for over $193 million. The court's judgment followed the December 2022 jury verdict, under which Triadou was held liable for embezzlement and illicit enrichment. Besides the jury's verdict, the judge detailed the rationale for his decision on 66 pages after studying the case file. As a result, the court recognized the BTA’s claim in respect of Triadou for the trust and any funds that may have been received from the use of BTA funds, and also satisfied BTA's claims in respect of a number of Triadou's assets.

08.07.2023
PRESS-RELEASE
BTA Bank has been informed that Mukhtar Ablyazov has received a document requiring him to leave French territory within 30 days, following the decision of the National Court of Asylum Law to deprive him of his refugee status.

30.05.2023
On the extension of the arrest warrant for Mukhtar Ablyazov
BTA Bank informs that on April 20, 2023, the High Court of England extended the arrest order made in February 2012 for Mukhtar Ablyazov, the former head of the Board of Directors of BTA Bank.

24.05.2023
PRESS-RELEASE
BTA Bank informs that on May 23, 2023, the French Court of Cassation ruled that the terms of criminal prosecution had not expired in the criminal case against Ablyazov under the BTA Bank’s appeal.

15.12.2022
AMERICAN JURY AWARDS BTA BANK MORE THAN USD $218 MILLION IN TRIAL OVER ABLYAZOV’S EMBEZZLEMENT AND MONEY LAUNDERING
Following a three-week trial, a jury of four men and four women sitting in the United States District Court for the Southern District of New York returned a verdict today in favor of BTA Bank JSC on all claims against Triadou SPV S.A. The jury awarded BTA damages of more than USD $100 million with interest dating to mid-2013, resulting in a total award of more than USD $218 million. The Honorable John G. Koeltl, United States District Judge for the Southern District of New York, presided over the trial and received today’s verdict.

18.11.2022
BTA launches site showing full extent of international judgments against
Since Mukhtar Ablyazov fled justice in Kazakhstan in early 2009 the merits of the case of whether he defrauded BTA on a massive scale has been tested in some of the most respected legal jurisdictions in the world. The case against Mr Ablyazov is not simply a Kazakh political dispute but an international one.

31.10.2022
NEW YORK FEDERAL COURT HOLDS MUKHTAR ABLYAZOV IN CONTEMPT
The United States District Court for the Southern District of New York on 24 October 2022 entered a final judgment, following an evidentiary hearing, in favor of claimants BTA Bank JSC and the City of Almaty and against Mukhtar Ablyazov for his repeated violations of court orders.

08.09.2022
US court ordered Mukhtar Ablyazov to disclose all his sources of income and assets
American justice came to this decision in connection with the repeated violation of the court’s requirements by Ablyazov.

25.07.2022
Tribunal Terminates Arbitration Filed By Two-Time Felon
On 9 July 2022, a tribunal formed by the International Dispute Resolution Centre under the rules of the American Arbitration Association terminated all claims filed by Litco LLC against the Republic of Kazakhstan, the City of Almaty, BTA Bank JSC, and a consultant retained by them.

11.03.2022
PRESS RELEASE
New York Supreme Court awarded USD 7 billion to BTA Bank in a lawsuit against Mukhtar Ablyazov.

21.02.2022
PRESS RELEASE
BTA Bank JSC informs you that after the January attempt of malefactors to carry out an attack on the structures of the organization, an internal investigation was carried out regarding the information about hacking of the internal structures of BTA Bank. The test results showed that all systems operate in a normal mode, information about the hacking activities was not confirmed.

31.01.2022
The US Court of Appeals ruled in favor of BTA Bank
On January 18, 2022, the US Court of Appeals for the Second Circuit ruled in favor of BTA Bank JSC in a protracted dispute against bank bondholders represented by a group of affiliated Panamanian companies: Atlantica Holdings Inc, Baltica Investment Holding Inc, Blu Funds Inc.

08.08.2020
US Court delivered a judgment in favor of BTA Bank
On August 05, 2020, the US District Court for the Southern District of New York delivered a judgment in favor of BTA in a dispute against bondholders of a group of Panamanian affiliated companies: Atlantica Holdings Inc, Baltica Investment Holding Inc, Blu Funds Inc.

21.05.2020
US District Court ruled against Ilyas Khrapunov and Viktor Khrapunov
May 19, 2020. The United States District Court for the Southern District of New York ruled in favor of BTA Bank and the Almaty Akimat (Mayor's office), imposing sanctions on Ilyas Khrapunov and Viktor Khrapunov for violating court orders, giving false testimony and intentionally destroying relevant evidence in the course of the proceedings.

22.11.2019
BTA Bank announces launch of criminal case against Ilyas Khrapunov
The Prosecutor’s Office in Geneva is conducting a criminal case against Ilyas Khrapunov, son-in-law of BTA Bank’s former owner. Khrapunov is suspected of laundering money stolen from BTA Bank.

19.09.2019
Regarding the seizure of property of the companies, controlled by M.K. Ablyazov
On August 28, 2019, the information appeared in some Media that as the result of litigation between BTA Bank JSC and Atyraumunaigasgeologya JSC the mass dismissal of employees of the Atyraumunaigasgeologya JSC has begun. The authors of the publication wrote about the impending "social explosion" in Atyrau region. Whereby, only one side of the conflict was quoted as the evidence – Director of the Company, Askar Nugumanov.

26.07.2019
The High Court of England issued a new warrant for Mukhtar Ablyazov’s arrest
Almaty, July 25, 2019. – JSC BTA Bank announces that on July 16, 2019, Judge Teare, the High Court of England extended the Committal Warrant issued in February 2012 against the former Head of the Board of Directors of BTA Bank - Mukhtar Ablyazov for 22 months for contempt of court.

12.07.2019
The New York Federal Court has ruled in favor of BTA
Almaty, July 11, 2019. - On July 3, 2019, the New York City Federal Court obliged Mukhtar Ablyazov to pay legal fees in connection with the BTA Bank's lawsuit as part of the case against the former Chairman of the Board of Directors of BTA Bank JSC for laundering stolen funds through the purchase of real estate in the United States. The amount of the fees will be determined by the court in the proceeding of the case.