Ex-CEO Hit With New Warrant For Skipping Fraud Hearing

Law360, London (September 11, 2019, 2:46 PM BST) -- A London judge issued a second arrest warrant on Wednesday for the former boss of a Kazakhstan paper firm who skipped court proceedings connected to a judgment ordering him to pay $315 million for orchestrating a massive fraud against the company.

At the same time, Judge Stephen Phillips expressed skepticism at the High Court that the order would do any good. He said he had already issued an arrest warrant in August against Maksat Arip, former chief executive and shareholder of Kazakhstan Kagazy PLC.

“What’s the point and use of all these hearings when I’ve already issued a warrant for two...

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