Kazakh tycoon sought by Russia, Ukraine to stay in French jail-court
MARSEILLE, France Aug 22 (Reuters) - Kazakh oligarch Mukhtar Ablyazov, accused of embezzling up to $6 billion from his former bank BTA, was denied release on bail from a French jail on Thursday as he awaits a decision on whether he will be extradited.
Ablyazov, 50, has been in custody at the Aix-Luynes jail in southern France since July when he was arrested on the French Riviera after a request from Ukraine, which has demanded his extradition, as has Russia.
An appeals court in Aix-en-Provence determined that the former banker, who claims the case against him is politically motivated, should not be released for his own safety, his lawyer Bruno Rebstock told Reuters.
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