On 24 October 2022, the US District Court for the Southern District of New York ruled in favor of BTA Bank JSC over the City of Almaty. Mukhtar Ablyazov was convicted of violating court orders.
Ablyazov was found guilty of contempt of a previous court order and Almaty and BTA Bank were awarded $140,115.60 each for the relevant expenditures. Ablyazov is fined $1,000 per day until he pays.
This contempt order follows a U.S. Magistrate Judge Katharine H. Parker order dated 19 August 2022 recommending that Ablyazov is held in contempt and be punished. A 21 October 2022 U.S. District Judge John G. Koeltl order ruled against Ablyazov’s objections to Judge Parker’s orders.
Ablyazov knew of the “clear order and unambiguous order” as he was involved in the proceedings. He also opposed the sanctions. Judge Alison Nathan ruled in favor of the objection.
Ablyazov admitted that he didn’t follow the court ruling, calling it “obvious” and “persuasive.” The court stated that Ablyazov “made no effort” in following the court’s orders.
The Court also rejected Ablyazov’s attempt to blame claimants for following their claims against him. It stated that this rationale “couldn’t explain the apparent violation his discovery responsibilities in the action.”
Six years ago, BTA Bank and the City of Almaty sued Mukhtar Abdullyazov and his criminal associates in New York for money laundering. Ablyazov, who was convicted of money laundering and sentenced to a year in prison in Kazakhstan for issuing bogus loans to BTA Bank, has been held civilly responsible in the UK. The plaintiffs in the U.S. have gathered more evidence and secured witness testimony. The trial will begin in New York City on 28 November 2022.
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