06.12.2012 - Kazakhstan wealth fund sued in U.S. by BTA Bank investors
Investors in BTA Bank (BTAS), Kazakhstanís third-largest bank by assets, accused its controlling shareholder, the Central Asian nationís sovereign wealth fund Samruk-Kazyna, of defrauding them. The investors claim in a lawsuit in Manhattan federal court that BTA Bank, which isnít named as a defendant, defrauded them by inducing them to buy debt securities as part of a 2010 restructuring. The bank did so, the investors claim, by promising that virtually no dividends or distributions would be paid to X1Q6MH7D9182, which is a defendant...............................................Full Article: Source
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