BTA Bank Says New York Developer Helped Launder Stolen Money
- Kazakhstan bank claims Joseph Chetrit conspired to hide funds
- Bank, city of Almaty seek $21 million from real estate deal
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BTA Bank JSC accused developer Joseph Chetrit of using New York real estate investments to help launder money stolen from Kazakhstan.
The bank and the Central Asian nation’s former capital city, Almaty, claim Chetrit conspired to hide $40 million in real estate deals with two men who stole billions of dollars from Kazakhstan.