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