ASTANA (Reuters) – The government of Kazakhstan and Moldovan businessman Anatolie Stati have ended a lengthy legal battle that at one point saw the assets of the Kazakh sovereign fund frozen in the West, the justice ministry said on Tuesday.
It gave no details of the settlement, but said it would require no extra budget spending.
Stati, his son Gabriel and their companies have said they were subjected to harassment by Astana, aimed at forcing them to sell their Kazakh investments cheaply.
Kazakhstan denied the accusations and refused to pay a $500-million arbitration award, prompting the Statis to file enforcement lawsuits in several European countries, leading to the large-scale freezing of Kazakh assets.
The Statis could not immediately be reached for comment.
(Reporting by Tamara Vaal; Writing by Olzhas Auyezov; Editing by Clarence Fernandez)
