STATUS OF THE LONDON HIGH COURT PROCEEDINGS BROUGHT BY KAZAKHSTAN KAGAZY GROUP AGAINST CERTAIN OF ITS FORMER DIRECTORS

One mission, one goal, one team

Clearly defined corporate values help Kazakhstan Kagazy employees to move in the same direction. United under the common mission and goal, our workers daily find solutions to the most difficult problems, working smoothly and efficiently.

Production of paper and corrugated packaging

Kagazy Recycling paper mill, located on the outskirts of Almaty, is the only plant in Central Asia producing paper out of recycled waste paper.

Finished goods storehouse

Kagazy Recycling products take the leading place on the local market. The company owns more than 50 percent of the market share, which makes it the absolute leader of the paper industry in Kazakhstan.

Products quality control

Production experts conduct quality control in accordance with the approved standards.

The process of manufacturing corrugated products

All our products are available to customize.

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News

Kazakhstan Kagazy v Arip – 22 December 2017

Kazakhstan Kagazy Group (KK Group) has today won a comprehensive victory in its $260m fraud claims against former shareholder and CEO Maksat Arip and former CFO Shynar Dikhanbayeva (the Defendants)…

KAZAKHSTAN KAGAZY PLC

(the “Company”) (Incorporated in the Isle of Man - No. 000653V) NOTICE OF ORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Ordinary General Meeting of the Company will be held on 2…

STATUS OF THE LONDON HIGH COURT PROCEEDINGS BROUGHT BY KAZAKHSTAN KAGAZY GROUP AGAINST CERTAIN OF ITS FORMER DIRECTORS

Details: Created on Thursday, 26 October 2017 20:34

The claims were commenced in August 2013, when the Claimants’ obtained a worldwide freezing order against Mr Arip’s assets. This order remains in place against Mr Arip’s worldwide assets up to the value of GBP72,000,000, while the claims against the Defendants currently stand at over US$260,000,000. The freezing order will be maintained until the conclusion of trial. The Defendants deny any wrongdoing, and are contesting the claims.

The Claimants’ current management team, together with their legal advisers, are trying to recover funds that were allegedly syphoned-off from the Claimants by the Defendants between 2005 and 2009. The allegedly stolen funds were provided by Kazakh banks, pension funds and investors, and international investors in the London Stock Exchange listing of Kazakhstan Kagazy PLC.