"Based on the appeal petition of the city prosecutor's office, the decision of the Specialized Interdistrict Economic Court to refuse to satisfy the claim of the Right of Economic Management Kazarnaulyexport against JSC IC Freedom Finance Insurance on the implementation of insurance payment for the unfulfilled obligations of Kaz-NJ LLP under the public procurement agreement concluded between the parties for the supply of parachute equipment has been overturned," reads the report.
The appellate panel of the Almaty City Court has decided to oblige Freedom Finance Insurance JSC to pay the insurance amount to T694 million.
The partnership has paid the amount in full.
Freedom Finance Insurance is considered part of the Freedom Finance holding, which is controlled by Russian-born businessman Timur Turlov.
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