Maksat arip biography of alberta

Following the London High Court Judgment in the fraud case of Kazakhstan Kagazy Group v Zhunus, Arip and Dikhanbayeva which awarded $300m to Kazakhstan Kagazy, Hugh McGregor, the General Counsel of Kazakhstan Kagazy PLC, outlines the process that his firm followed to uncover and litigate what Lord Justice Longmore described as almost the 'perfect' fraud.

The High Court recently ruled that Kazakhstan Kagazy Group (KKG) had been subjected to a huge fraud by its former CEO, Maksat Arip.

The claimants, advised by Robert Howe QC and Allen & Overy (A&O), successfully demonstrated that Arip and former finance director Shynar Dikhanbayeva had used sham contracts with ‘money funnel’ companies to misappropriate funds, including those raised in KKG’s London IPO.

Having “won on trial on almost every point of substance in lengthy and fully contested action” KKG obtained judgment for $300m backed up with a freezing order.

The defendants both denied