Application by JSC BTA Bank, of Kazakhstan, to take discovery from The Clearing House Payments Company LLC and “thirteen intermediary banks”, namely Bank of America NA, Bank of China, The Bank of New York, BNP Paribas USA, Citibank NA, Commerzbank AG, Deutsche Bank Trust Company, HSBC Bank USA NA, JPMorgan Chase Bank NA, Société Générale AG, Standard Chartered Bank, UBS AG, and Wells Fargo Bank NA regarding Saint Vincent and the Grenadines-domiciled Panolos Limited for use in legal proceedings in England “against BTA Bank’s former chairman, and primary shareholder, Mukhtar Ablyazov, upon BTA Bank’s discovery that Ablyazov had illegally misappropriated as much as $7.5 Billion of BTA Bank’s assets and subsequently laundered the proceeds through multiple financial institutions all over the world”, filed at the U. S. District Court for the Southern District of New York.
Topics
Austria Banks & Trusts Belize British Virgin Islands Channel IslandsKeywords
Bank of America Bank of China Bank of New York BNP Paribas BTA Bank