All news on the topic: Kazkommertsbank

Some entrepreneurs are looking for ways to circumvent sanctions, others are focusing on developing their domestic economies. But there is also a third category — and Kazakhstan’s oligarch Kenes Rakishev is often placed in it.

The money laundering trial tied to alleged thefts in Kazakhstan has taken an unexpected turn, as a US court continues to hear a lawsuit filed by BTA Bank chairman Kenes Rakishev and the city of Almaty against former bank owner Mukhtar Ablyazov and ex-Almaty mayor Viktor Khrapunov and his son Ilyas Khrapunov, who are accused of laundering funds allegedly stolen in Kazakhstan.