Kazakhstan City Sues Ex-Mayor Over $300M Fraud, Laundering
By David McAfee (May 13, 2014, 6:14 PM EDT) -- Almaty, the largest city in the Republic of Kazakhstan, sued its former mayor in California federal court on Tuesday, saying he abused his position, defrauded the city of at least $300 million through the sales of municipal real estate, and took part in an international money laundering scheme.
The suit, which names ex-Almaty mayor Viktor Khrapunov, his family members and other alleged co-conspirators as defendants, accuses the former official of "looting" the city by selling numerous of its assets for his own benefit. Through a money laundering operation, Viktor Khrapunov then bought luxury cars, palatial estates and other assets in California,...
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