Dissident Kazakh oligarch Mukhtar Ablyazov is seen in Almaty in this November 27, 2006 file photo. REUTERS/Vladimir Tretyakov/Files
MARSEILLE, France (Reuters) - Kazakh oligarch Mukhtar Ablyazov, accused of embezzling up to $6 billion (3.8 billion pounds) 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. Ukraine and Russia have both demanded his extradition.
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