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Regarding the order of the High Court of England in favor of BTA

24.08.2018 06:22:23

JSC BTA Bank would like to inform that the British court issued an order obliging Ilyas Khrapunov to pay about $500 million in favor of BTA as a result of BTA’s performance within the asset recovery process.

BTA has really succeeded in getting this decision in the case of Ilyas Khrapunov.

The court has ruled against Ilyas Khrapunov within BTA's claims for a total of $ 499 961 783, 01.

This decision is the culmination of the last six months of active litigation.

The next step is the recognition of the decisions received in Switzerland, since the defendant - Ilyas Khrapunov - is a resident of this country.

In general, today all BTA’s efforts are focused on work coordination of legal advisors in London and other jurisdictions in order to identify and impose judicial restrictions and recover embezzled assets. BTA is optimistic about the positive outcome in all court proceedings.

                             

Media Contacts:

BTA Bank

Tel: +7(727) 250 40 44

Email: pr@bta.kz   

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