Court has issued ruling for newspaper «Central Asia Monitor»

Almaty City Court has rejected an appeal of joint-stock company "Bank of Development of Kazakhstan" and six its heavy borrowers, related to ruling of Specialized Inter District Economic Court of Almaty.

Bank of Development of Kazakhstan and its six heavy borrowers such as, JSCs “Kaustic”, “Agromashholding”, Companies “Biokhim”, “Youteks”; LLPs “Silitsium Kazakhstan” and “Kazakhcement” have brought a suit against owner of the newspaper “Central Asia Monitor”, LLP “Alem BG” about protection of honor, dignity, business reputation and recovery of KZT350000000 (USD23809) as moral damage to Specialized Inter District Court of Almaty.

The charges stemmed from articles “Time presses. Does time wait till is over?” (28.08.2009), «Listen to advice, but do one's own thing” (04.09.2009), «A time to gather stones, or what Bank of Development of Kazakhstan made in Kazakhstan?” (15.09.2009), «Everything is not solved with the help of money (21.09.2009), «In waltz time” (22.09.2009), «Fair game and unfair one” (29.09.2009), «Chained» (06.10.2009), «BDK: strange sympathy to “Kazakhcement” (07.10.2009.) by Alan Beketov.

On August 23, 2010 Specialized Inter District Economic Court of Almaty has dismissed a suit of joint-stock company "Bank of Development of Kazakhstan" and six its heavy borrowers.