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Ex-BTA Bank Chairman Ordered to Turn Himself in for Prison

Mukhtar Ablyazov, the ex-BTA Bank chairman who went into hiding last month after being sentenced to 22 months in jail, must turn himself in or risk losing his right to defend a $5 billion fraud lawsuit, a U.K. judge ruled.

BTA, which sued Ablyazov after he fled three years ago to Britain from Kazakhstan, can block his defense and seek a default judgment if he doesn’t report to court authorities by March 9, Judge Nigel Teare ruled Feb. 29.