The Case of Ablyazov – Lack of Political Will

The biggest fraud case in British history, almost nine years since the case of BTA Bank v Mukhtar Ablyazov first appeared in the U.K. courts, a new round of litigation has been set into motion, whilst lawsuits are also ongoing in France, Kazakhstan and the United States."In this action the Bank brings a claim against Mr. Ablyazov and Mr. Khrapunov, his son-in-law, alleging a conspiracy by unlawful means," the court document reads. "The Bank has judgments for over $4.6 [now $4.9] billion against Mr. Ablyazov, and it alleges that he and Mr. Khrapunov acted together to deal with assets in breach of court orders made against Mr. Ablyazov so as to prevent it from enforcing the judgments.