Maksat Arip, the former CEO of Kazakhstan Kagazy PLC and General Director of Kazakhstan Kagazy JSC, has been found guilty of contempt of court for failure to hand-over his collection of luxury wristwatches (valued at over $300,000).
Mr Arip was ordered by the English courts to hand-over his wristwatches in part satisfaction of the $315,000,000 judgment made against him in 2018, after Mr Arip was found to have committed a huge fraud on the Kagazy Group and its investors.
Should Mr Arip return to the UK, he will be arrested and imprisoned.
Further details can be found in this press article
A copy of the committal order can be found here