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Tuesday 4 December 2012

Kyrgyzstan in Talks with U.S. over Maxim Bakiyev Case


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(Bloomberg) – Kyrgyzstan’s government is giving information to American officials as part of a U.S. effort to extradite the son of the ousted Kyrgyz president from the U.K. to face insider-trading charges.

Maxim Bakiyev

Maxim Bakiyev, the 34-year-old son of former president Kurmanbek Bakiyev, faces an extradition hearing in London, scheduled for Dec. 7, on U.S. charges of conspiracy to commit securities fraud and obstruction of justice, according to an Oct. 13 statement from the U.S. embassy in Kyrgyzstan. Maxim Bakiyev, who served as head of a development agency in Kyrgyzstan, has been living in the U.K. since fleeing his country following an April 2010 uprising. He is free on bail, according to the Metropolitan Police.

Kadyr Toktogulov, a spokesman for Kyrgyzstan President Almazbek Atambayev, said officials are providing information to U.S. authorities about crimes Maksim Bakiyev is alleged to have committed in his native country. The government accuses Maksim Bakiyev of abusing his governmental post, misusing at least $300 million in state funds and money laundering, Toktogulov said.

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