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
- Kazakhstan’s Credit Rating Upgraded for First Time in a Decade
- While Thousands Lost Power, KEGOC Executives Received Nearly Half a Billion Tenge
- Changi Airport Group May Help Build Astana’s New Airport
- US Again Extends Deadline for Lukoil to Sell Its Assets in Kazakhstan
- Kazakhstan Extradites Business Manager From Russia in 290 Million Tenge Tax Case
- Released Amur Tiger Successfully Hunts in Kazakhstan’s Wild
- Kazakhstan Moves to Develop Critical Minerals as Global Competition Intensifies
- Another Performance by Kazakh Stand-Up Comedian Called Off
- Uzbekistan Begins Preparations for Second Nuclear Power Plant
- Backpack Links Glacier Remains to Man Missing for 19 Years
- 650-Hectare Wildfire Contained in Karaganda Region
- Unusual Wildlife Encounter Captured in Altyn-Emel
- Retired Border Service Dog Sold for $2 at Kazakhstan Auction
- Will Kazakhstan Have Enough Coal This Winter?
- Belarusian Hikers Find Body on Glacier Near Almaty
- Kazakhstan Investigates Spending on 242 Million Tenge Educational Game
- Kazakhstan Makes Caspian Oil Companies Pay for Counterterrorism Deployments
- Kazakhstan Faces Shortage of 245,000 School Places
- Waste Dumping Reported Near Yurt Camps at Lake Zaisan
- Kazakh Oil Rerouted to Novorossiysk as Russia Frees Baltic Export Capacity
