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BRIEF-Kazakhstan Kagazy provides update on fraud claim
January 22, 2015 / 4:51 PM / 3 years ago

BRIEF-Kazakhstan Kagazy provides update on fraud claim

Jan 22 (Reuters) - Kazakhstan Kagazy Ao

* Application to amend its $150 mln fraud claim against its former directors and shareholders to add additional claims of a further $45 mln was yesterday refused by English commercial court

* Permission given at end of November 2014 to add Mrs Sholpan Arip as a defendant has now been set aside

* Mr Justice Leggatt held that KK Plc could not trace proceeds of those transactions directly into hands of defendants

* Intends to apply to court of appeal for permission to appeal judge’s finding Source text for Eikon: Further company coverage:

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