BTA Bank extends the list of persecuted accomplices of Mukhtar Ablyazov among his relatives02.08.2016 12:57:44
Last month a new lawsuit was initiated by BTA Bank against Mukhtar Ablyazov’s accomplices among his closest relatives. As part of the assets recovery process, on June 13, 2016, in US District Court of Virginia, BTA Bank filed a lawsuit against Gauhar Kusainova, a sister of Mukhtar Ablyazov, for recovery of damages and the satisfaction of other Bank’s requirements related to those actions of G.Kusainova, which are illegal and supportive to M. Ablyazov’s assets transactions, according to the Bank.
The ground for the lawsuit filed by BTA Bank is an evidence of using funds totaling more than US $6 million, received by Gauhar Kusainova in the form of gifts, cash and transactions from her brother, M. Ablyazov. G.Kusainova was aware of the source of the money, which she later used to finance her business and to purchase several properties in the US real estate for personal use. G.Kusainova was also aware of the trials against M. Ablyazov, but, in the meantime, she did not try to return the funds dishonestly acquired, and did not try to inform the Bank about funds misused, while her brother committed fraud against BTA Bank.
The representative of BTA Bank stated:
"Filing a claim against Gauhar Kusainova is another important step in BTA’s activity on collecting more than US $ 6 billion, which were stolen by Mukhtar Ablyazov at a time he occupied a position of a Chairman of the Board of Directors of BTA Bank".
Notes for Editor:
Gauhar Kusainova, a citizen of the Republic of Kazakhstan, received an asylum in 2003 and currently resides in Virginia, USA. Prior to these events, in the early 2000s, she owned a private business in Kazakhstan, subsequently led to problems with custom and tax laws.
Gauhar Kusainova is the sister of Mukhtar Ablyazov, with whom in 2009 BTA Bank has started legal proceedings on returning of assets in the amount exceeding US $6 billion. The bank nearly went bankrupt as a result of fraud in a large scale, committed by M.Ablyazov. Due to Ablyazov’s actions, not only BTA Bank but other financial institutions in different countries world-wide suffered financial damage.
The trial of BTA Bank became widely known not only for the huge amounts that M.Ablyazov fraudulently owned at a time he led BTA Bank, but also for well-planned and well-organized actions of the new BTA Bank management, which was able to win lawsuits in various countries on returning of stolen assets totaling more than US $4 billion, as of today.
Unfortunately, bankers in many countries are siphoning off the stolen funds from banks they controlled, but not always the new management of these banks has the strength and the possibilities to return the assets back and be able to pay back the country for financial support it rendered. BTA Bank is one of the few examples of banks that are able to recover from financial crisis and begin to return stolen financial assets. To date, BTA Bank conducts trials against M.Ablyazov and his associates not only in Kazakhstan but also in Russia, Ukraine, UK, USA, France.