In 2009, it ran into financial trouble and its controlling

In 2009, it ran into financial trouble and its controlling

listed Kazakh paper firm raided

LONDON, Dec 11 (Reuters) Kazakhstan Kagazy Plc paper making Canada Goose sale canada goose operations in Almaty, Kazakhstan have been raided cheap Canada Goose and accused of criminal activities and tax evasion by financial police, the London listed company said on Wednesday.

The raid comes Canada Goose Parka as the maker of paper, board and packaging battles former Canada Goose sale shareholders and directors Maksat Arip, Baglan Zhunus and Shynar Dikhanbayeva in a London court where it accuses them canada goose store of fraud.

Kagazy said in a statement there appeared to be a link between its London legal action, where on Nov. 20 the canada goose clearance High Court upheld a $100 buy canada goose jacket cheap million freezing injunction over assets of Arip and Zhunus, and the Canada Goose online raid. However, today raid on the business shows a dramatic Canada Goose Outlet escalation in the level of pressure being applied against the company.

The canada goose coats raid represents disregard for due process and the canada goose replica rule of law and it Kazakhstan ability canada goose coats on sale to attract foreign direct investment from multinational businesses like Kazakhstan Kagazy, the statement quoted a spokesman saying.

Kagazy main shareholder is now its chief executive, Thomas Mateos Werner, a former banker and partner of Canada Goose Jackets wealth management firm Werner Capital, who holds 29.9 percent.

In the London High Court Case, Isle of Man registered Kagazy accuses its former buy canada goose jacket chairman Arip, chief executive Zhunus and finance director Dikhanbayeva of stealing $135 million from canada goose deals the canada goose outlet toronto factory company. All three deny the accusations.

Court canada goose black friday sale documents say Arip and Zhunus originally owned 50 canada goose outlet store locations percent each of Kagazy, but reduced their holdings in the late 2000s. Arip, the papers say, is from Kazakhstan but now has dual Cypriot/Saint Kitts Canada Goose Online and Nevis nationality.

Kagazy had an initial public offering of shares in London in 2007 raising $273 million. In 2009, it ran into financial trouble and its controlling shareholders changed ahead of a debt restructuring agreement that was finalised with most bondholders and canadian goose jacket creditors in 2011.

Arip is also the founder of Russian oil producer Exillon Energy Plc, another company whose 2018 canada goose outlet shares are listed in London. He approached Exillon about repurchasing it earlier this year, but later sold his stake to Russian businessmen Alexei Khotin Canada Goose Coats On Sale who is considering his own approach for canada goose clearance sale the company.

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