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Kazakhstan’s BTA Bank sues ex-chairman and 52 others in the BVI for ‘$231M offshore SPV fraud’

mukhtar-ablyazov
In a complaint filed at the British Virgin Islands High Court, Kazakhstan's BTA Bank has accused 53 defendants in the BVI, Cyprus, Germany, Guernsey, Kazakhstan, Latvia, Panama, Russia, Seychelles, Singapore, Switzerland, and USA, including its former chairman, Mukhtar Ablyazov, of defrauding the bank of $231 million.