1. Main
  2. Learn
  3. Incidents
  4. Crime

Ablyazov arrested by French special forces

Mukhtar Ablyazov. Photo courtesy of vesti.kz Mukhtar Ablyazov. Photo courtesy of vesti.kz
Mukhtar Ablyazov, the ex-banker of Kazakhstan's BTA bank accused of embezzling billions and sentenced to a prison term by London's High Court, has been finally arrested, Financial Times reports citing Ablyazov's lawyer. He has been arrested in the south of France near Cannes by French special forces while traveling with a Central African Republic passport today, on Wednesday, his family lawyer told FT. Russia, that is one of the countries where he is wanted for his extensive financial crimes and frauds, has already requested his extradition and Kazakhstan will doubtlessly follow shortly, so as Ukraine. In the meantime, Ablyazov denies all the charges and hopes that France will not deport him to any of the said countries, his lawyer said. Ablyazov is wanted in Kazakhstan for embezzlement, fraud, money laundering and siphoning off BTA bank's funds through dummy companies and illegal financial schemes. He fled Kazakhstan in 2009 when BTA Bank he used to chair was found to have an estimated $15 billion hole in its accounts. He was put on the international wanted list in March 2009. Ablyazov was granted asylum in the United Kingdom in 2011, but repaid it with a contempt of London's High Court. The court barred his lawyers from making oral submissions because of their client’s numerous obstructions of justice and sentenced Ablyazov to 22 months in jail for contempt of court for lying about his assets and violating the court's freezing order issued in 2009. Later the court deprived Ablyazov of the right to defend in court. BTA bank is pursuing Mr Ablyazov in London’s court for misappropriation of at least $6bn from the bank. FT called this case "one of the biggest and most complex fraud cases in banking history".

Nobel prizewinner proposes a new city in KZ
New abnormal snowfalls expected in Kazakhstan
Huge glacier retreat triggered in 1940s
Hyperloop construction begins in Las Vegas
"Moonlight" to top Spirit Awards nominations
Oil prices fall due to investors uncertainty
New dwarf galaxy discovered around Milky Way
Kanat Islam becomes a top ten WBO boxer
World oil prices continue to rise
Kazakhstan expects warming - Kazhydromet
Merkel to seek fourth term as chancellor
Sale of Tintin drawings set to break records
US, EU stocks fall as markets focus on dollar
Pacific leaders urged to defend free trade
EU warns eight nations on budget deficit
Universiade-2017: Athletic Village is ready
Bob Dylan can't make Nobel ceremony
Messi will never leave Barca - club president
Google, Facebook take aim at 'fake' news
Aerosmith announces Europe 'farewell' tour
Putin, Trump to normalise US-Russia ties
At least 10 hurt in southern Turkey blast
6.2 quake hits western Japan
OPEC agrees shock oil output cut
Israeli ex-president and Nobel laureate Peres dies
Germany blocks WhatsApp data transfers to Facebook
32,000 arrested in Turkey coup probe
Youth to the fore as Milan fashion week opens
Xenophobia threatening peace in eastern Germany
Four-in-10 Japanese are virgins: poll
Sweden re-militarises Baltic island of Gotland
China to launch second space laboratory: Xinhua
More than a billion stars mapped in Milky Way: ESA
Boxing: Golovkin eyes Saunders after stopping Brook
Kazakhstan shifts PM to security chief
Oil prices gain despite rising OPEC supply forecast
US to give Philippines military planes
Singapore wages war on Zika-bearing mosquitoes
Italy quake death toll nears 250
Viral photos add fuel to French burkini debate
18 dead as Italy struck by powerful quake
Japan's first lady visits Pearl Harbor
Pokemon's a no-go on Bangkok's roads
July was Earth's hottest month in modern times
Pakistan rock climbers scale new heights