Ex-Kazakh CEO Faces Jail Over $300M Fraud Award

Law360, London (August 27, 2019, 6:38 PM BST) -- The former chief executive of one of Central Asia’s largest paper and packaging manufacturers must appear before England’s High Court to explain why a $300 million fraud judgment against him remains unpaid or face two weeks in prison, a London judge has ruled.

In a ruling handed down Aug. 21, Judge Clare Moulder said Maksat Arip, the former chief executive and chairman of Kazakhstan Kagazy PLC, “intentionally failed” to attend court in July to answer questions over the debt.

“I am satisfied to the criminal standard that Mr. Arip has intentionally failed to attend the court … and that there can be said...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!