Almaty Court Begins Hearing Chodiev Lawsuit Against EFCO
Photo: Orda
The Specialized Interdistrict Economic Court of Almaty has begun hearing oligarch Patokh Chodiev’s lawsuit against the Eurasian Financial Company (EFCO), Orda.kz reports.
The first session was held on August 26. According to available information, Judge Abzal Shakual will review the case in a closed format and online.
An Orda.kz correspondent learned that the opening hearing lasted only about half an hour. The court cannot disclose details, as the matter involves commercial secrecy, and journalists were not admitted.
It is also known that a counterclaim from EFCO is under review.
Some details of Chodiev’s claim had earlier circulated in Telegram channels. The businessman, who controls one-third of EFCO, is demanding that decisions of the board of directors adopted on July 30 be invalidated, and is seeking one million tenge in moral damages.
The board of directors of the Eurasian Financial Company includes Mounissa Chodieva, Shukhrat Ibragimov, and Andrey Kopov.
The dispute over EFCO is one of the fronts in the “war for the Eurasian legacy,” which broke out between the Chodiev and Ibragimov families following the death of ERG co-founder Alexander Mashkevich.
Original Author: Nikita Drobny
Latest news
- Orda.kz Editorial Team to Cease Operations on September 1
- The Price of a Degree: How Students in Kazakhstan Pay for University
- Second Przewalski’s Horse Foal Born as Species Returns to Kazakhstan
- Kazakh Mining Companies Can Recalculate Purchases if Tenge Weakens
- Kazakhstan Names First Vice President in Three Decades
- What Almaty’s Bus Shelters Are Missing
- 400-Truck Queue Builds at Kazakh–Kyrgyz Border
- Kazakhstan Ready to Help Feed and Rebuild Gaza
- Tokayev Establishes New Presidential Security Body
- Almaty Takes Back Its Nearly Century-Old Hippodrome
- No More Guesswork on Savings: Kazakhstan Tightens Energy Audits for Businesses
- Public Money Could Be Used to Rescue Failing Kazakh Banks
- Third Kazakh Woman Reported Missing in Nepal-China Flood Zone
- Falconer Convicted Over 35 Protected Birds, Spared Punishment Under Amnesty
- Kazakh Citizen Detained in Yakutia in Phone Fraud Case
- Yuan Instead of Dollars? KazMunayGas Draws Record Demand in Asia
- China Gains Oil-Market Influence as OPEC+ Weakens
- Kazakhstan to Divide Smartphones Into White, Gray and Black Lists
- Kazakhstan’s Government Formally Resigns as First Kurultai Session Opens
- Rare Lynx Sighting Recorded in Northern Kazakhstan
