Deals
Assaubayevs Say Polyus Diverting Attention From Probe
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The Assaubayev family, locked in a dispute with OAO Polyus Gold, said Russia’s biggest producer of the metal is using allegations against the family to divert attention from a Kazakh government probe of the company.
Polyus, which acquired 50.1 percent of KazakhGold Group Ltd. last year from the Assaubayevs, may lose the Kazakh unit’s mining permits as a result of the investigation, the family said today in a statement. KazakhGold management, including Chairman Evgeny Ivanov, who is also chief executive officer of Polyus, may face criminal proceedings in Kazakhstan, the family said.