Fleeing banker loses appeal

Tim Wallace
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THE SUPREME court yesterday rejected Kazakh fugitive Mukhtar Ablyazov’s final appeal, allowing creditors to start enforcement proceedings to recover $2bn (£1.2bn) he fraudulently took from BTA Bank.

They will begin with £40m worth of UK properties the former bank chairman owns in the UK.

Ablyazov fled to the UK after investigations were launched in 2009, and fled the UK a year ago having been found in contempt of court and sentenced to 22 months.