The uncle of the suspects in last week’s Boston Marathon bombing told a London court in 2010 that Kazakhstan President Nursultan Nazarbayev had overseen the theft of state assets worth billions of dollars.
BTA Bank said a U.K. court ordered former chairman Mukhtar Ablyazov, accused of embezzlement from the Kazakh lender before its default three years ago, to pay 1.02 billion pounds ($1.63 billion) plus interest.
Former BTA Bank Chairman Mukhtar Ablyazov, accused of embezzling from the Kazakh lender before its default four years ago, was denied permission by the U.K. Supreme Court to appeal a contempt ruling and prison sentence.
A British man accused of helping former BTA Bank Chairman Mukhtar Ablyazov steal $290 million from the lender was sentenced by a court in Cyprus to two months in prison for failing to comply with search warrants.
BTA Bank, the biggest Kazakh lender before its nationalization in 2009, is seeking U.K. prison terms for two men in connection with a $4 billion fraud allegedly spearheaded by former Chairman Mukhtar Ablyazov.
Bank of America Corp. and JPMorgan Chase & Co. , along with three other U.S. mortgage servicers, proposed paying $5 billion to settle a probe of their foreclosure practices by state and federal officials, two people familiar with the matter said.