Kazakhstan’s Government Appeals to UK Courts to Unfreeze $22 Billion in Banks
Kazakhstan’s government has appealed to the U.K. court to unfreeze $22 billion of assets in BNY Mellon. The $22 billion assets represented almost 40% of Kazakhstan’s sovereign wealth fund, Kazakhstan’s National Fund. The $22 billion assets were frozen due to a legal dispute with Moldavian businessmen Anatolie Stati and Gabriel Stati.
” Kazakhstan’s Government Appeals to UK Courts to Unfreeze $22 Billion in Banks “
In late 2017, Moldova’s businessman & tycoon Anatolie Stati and Gabriel Stati, had both won a verdict for settlement in the U.K. court against the Kazakhstan government for harassing and forcing them to sell their investments in the Kazakhstan’s oil and gas industry cheaply.
Video:
Video:
The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals. Our global workforce seamlessly to present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.
Get The Wealth Insider Daily
- For Press Release, please contact press@thewealthinsider.com
- For Media-related enquiries, please contact media@thewealthinsider.com
- For Advertisement, please contact our official ad agency