Oligarch Chodiev Demands One Million Tenge in Moral Damages from His Own Company

Details have emerged about a lawsuit filed by Patokh Chodiev, one of the key shareholders of the ERG corporation, against the Eurasian Financial Company (EFCO), Orda.kz reports.

The Telegram channel Ruchnaya Ekonomika shared information about Chodiev’s claims against EFCO. According to the channel, in his lawsuit dated August 14, the businessman demands that the July 30 decision of the company’s board of directors be declared illegal.

At the end of July, the board of directors of EFCO scheduled a general meeting of shareholders to discuss the composition of the board and the payment of dividends for previous years. On the same day, the board also decided to dismiss Inessa Kim from her position as director, Ruchnaya Ekonomika explains.

In addition, Patokh Chodiev is demanding one million tenge in moral damages from EFCO. He has requested that the civil case be heard behind closed doors.

What makes the situation especially noteworthy is that Chodiev himself owns a third of EFCO’s shares, while his daughter Mounissa sits on the board of directors alongside Shukhrat Ibragimov and Andrey Kopov.

We previously reported on why the “war for the Eurasian inheritance” broke out between the Ibragimov and Chodiev families in this article.

Original Author: Nikita Drobny