02.02.2009, 17:54 2448

BTA ex-chairman considers government actions arbitrariness

The ex-chairman of the Board of Directors of JSC Company BTA Bank, Muhtar Ablyazov, considers the actions of the government concerning the bank arbitrariness.

Almaty. February 2. Kazakhstan Today - The ex-chairman of the Board of Directors of JSC Company BTA Bank, Muhtar Ablyazov, considers the actions of the government concerning the bank arbitrariness.

"Today's actions of the government concerning BTA Bank is arbitrariness aimed at not only against shareholders of the bank, but also against its management, partners and clients. The actions of the government speak about its economic incompetence and political short-sightedness of the officials," M. Ablyazov said.

As informed earlier, today the government of Kazakhstan dismissed the chairman of the Board of Directors of JSC BTA Bank, Muhtar Ablyazov, and the first vice chairman of the board of this bank, Zhaksylyk Zharimbetov, in connection with recognition of their activity not corresponding the interests of investors and creditors of the bank as well as the requirements of the current legislation.

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