Kazakh Tycoon Mukhtar Ablyazov Confesses Financing 2005 Revolution In Kyrgyzstan

Kazakh Tycoon Mukhtar Ablyazov Confesses Financing 2005 Revolution In Kyrgyzstan

Released former owner of BTA Bank Mukhtar Ablyazov in an interview with Liberation (France) newspaper confessed that in 2005 he financed the revolution in Kyrgyzstan.

Mukhtar Ablyazov said that all his problems were because of serious disagreements with the president of Kazakhstan Nursultan Nazarbayev, who demanded from him 50 percent share of BTA Bank. According to the former banker, charged only in Kazakhstan with the theft of about $ 8 billion, exactly Nazarbayev is behind the petition by Russia and Ukraine on his extradition to these countries.

Mukhtar Ablyazov insists that his prosecution is politically motivated. As an example of the political activities, he cited the events in Kyrgyzstan.

“In early 2005, I financed the opposition there to contribute to the fall of the regime in Kyrgyzstan. It was important for me in order to launch democratic process in one of the former Soviet republics and they to be able to carry out proper reforms, which would become a model for Kazakhstan,” Mukhtar Ablyazov said.

Today, he said, the opposition in Kazakhstan is virtually eliminated. However, there are a lot of unhappy in the country, judging from his observations in the social networks. “This mass of people must consolidate all the discontented. They must organize themselves. We have a lot of supporters in the country,” Mukhtar Ablyazov said.

He predicts that within three years under the influence of discontented people Kazakhstan will abandon the presidential form of government, and will become a parliamentary republic.

Meanwhile, Kazakhstan’s Prosecutor General’s Office issued a statement in which it expressed its position regarding France’s rejection to extradite Mukhtar Ablyazov to Russia. It states that the agency will take all legal measures to detain the accused in any jurisdiction, to complete the investigation, ensure a fair trial and compensate for damages.

“Kazakhstan’s law enforcement agencies accuse Ablyazov of embezzlement of property, money laundering, illegal use of bank funds, abuse of power, creation and management of the organized crime group. Ablyazov and his associates stole more than $ 7.5 billion,” the statement of the Prosecutor General’s Office of Kazakhstan says.

In September 2015, the French government approved the extradition of Ablyazov at the request of Russia and Ukraine, where he is accused of fraud and embezzlement of about $ 5 billion. Kazakh officials say that after nationalization of BTA bank in 2009, Ablyazov withdrew all its assets and left the country.

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The story of Mukhtar Ablyazov, one-time major shareholder and chief executive of Kazakhstan’s BTA bank, tells how well over 10 billion US dollar is supposed to have been reaped through his network of close to 800 fake companies.

He is known in Kazakhstan as a successful businessman, who in the late 1990s worked in the government, was the Minister of Energy, Industry and Trade. In 2001, he founded an opposition movement “Democratic Choice of Kazakhstan.”

In 2002, Kazakh court convicted him of abuse of office and sentenced him to 6 years in prison. In 2003, Ablyazov was pardoned, he was released in exchange for a promise not to engage in politics. A new criminal case was filed against him in 2009, after which the oppositional politician escaped from Kazakhstan and lived in the UK for a long time.

Earlier, the English courts have upheld the claims of BTA Bank against Ablyazov at more than $4 billion. According to the press service of BTA Bank, the financial institution for 2.5 years has managed to return $ 1.4 billion, withdrawn by Ablyazov. In 2012, a British court sentenced the former banker to 22 months in prison for perjury, after which he left the UK. He was detained in France. On December 9, 2016, the State Council of France adopted a decree to annul the court decision on the extradition of Ablyazov.

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