AMTD Group Sues Bazhenova and Ibragimov for Malicious Falsehood and Intimidation, Seeks HKD 773,000 in Damages
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 15 2026
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Should l Buy AMTD?
Source: PRnewswire
- Lawsuit Initiation: In January 2026, AMTD Group filed a lawsuit against Inna Bazhenova and Gleb Ibragimov for malicious falsehood and breach of trust, indicating the company's proactive stance in addressing legal issues and seeking redress for damages.
- Legal Victory: The Hong Kong High Court dismissed Bazhenova and Ibragimov's asset preservation request in June 2025, imposing a cost order of HKD 773,000, which reinforces AMTD's legal standing and confidence in its claims.
- Malicious Behavior Exposure: In January 2026, Ibragimov threatened AMTD with a breach of confidentiality regarding the transaction, escalating the legal pursuit against him and highlighting AMTD's commitment to safeguarding its business secrets.
- Ongoing Accountability: AMTD has reported the matter to law enforcement and is committed to holding Bazhenova and Ibragimov accountable, demonstrating the company's firm position against malicious actions and its dedication to protecting its and its affiliates' legal rights.
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About AMTD
AMTD IDEA Group, formerly AMTD International Inc, is an investment holding company principally engaged in the strategic investments. The Company operates its business through three segments. The Strategic Investment segment engages in proprietary investments and the management of investment portfolios mainly focusing on financial services and asset classes. The Investment Banking segment is involved in raising funds through equity and debt financing, providing underwriting for initial public offerings (IPOs), private placements and debt issuances and providing financial advisory services. The Asset Management segment provides asset management products and services, including in relation to listed equities, fixed income securities, hedge funds, structured products, foreign exchange, private equities, alternative investments, discretionary account services, investment advisory services and external asset management services.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Leadership Change: Dr. Calvin Choi, founder of AMTD Group, has been reappointed as the Chief President of the Hong Kong Island Youth United Association, indicating the organization's ongoing leadership in youth affairs and expected to enhance its influence among Hong Kong youth.
- New Board Composition: The Association's newly approved board of directors and supervisors includes over 100 young leaders from various sectors, showcasing broad participation in youth development and signaling a commitment to addressing youth issues.
- Organizational Expansion: Since its establishment in 2023, the Association has grown to encompass 64 member organizations and over 100 key young members, positioning itself as a leading youth organization in Hong Kong SAR, which is likely to encourage greater youth engagement in social development.
- Commitment to Social Responsibility: AMTD Group and its charity foundation continue to invest in youth training and education, aiming to create positive growth value for young people and contribute to societal development, reflecting their core focus on youth affairs.
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- Leadership Restructuring: Dr. Calvin Choi has been reappointed as the Chief President of the Hong Kong Island Youth United Association, with the formal approval of the new board composition, indicating the association's ongoing influence in youth affairs.
- Youth Organization Expansion: Since its establishment in 2023, the Hong Kong Island Youth United Association has grown to include 64 member organizations and over 100 young leaders, focusing on youth development and community service while enhancing young people's pride and sense of responsibility.
- Commitment to Social Responsibility: AMTD Group and its Charity Foundation continue to invest in youth training and education, broadening avenues for young people to engage in social development, aiming to create positive societal value through concrete actions, reflecting their commitment to youth affairs.
- Diversified Business Portfolio: AMTD Group's core business portfolio spans media, entertainment, education, and premium assets, further solidifying its position in global markets and facilitating connections between investors and businesses.
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- Registration Approval: The Hong Kong SAR Government has officially approved the registration of The Art Newspaper, marking a significant milestone in its global intellectual property protection efforts, which is expected to enhance its influence in the Asian market.
- Acquisition Context: AMTD's 100% acquisition of The Art Newspaper in 2023 led to the termination of the licensing agreement with Modern Media Company on October 1, 2023, resulting in no editions being published in China or Hong Kong until this registration.
- New Edition Launch: The inaugural Hong Kong edition of The Art Newspaper was officially launched during the Art Basel Hong Kong week in March and April 2026, which is expected to significantly enhance its editorial coverage and authority in Asia.
- Future Plans: AMTD also announced the upcoming launch of The Art Newspaper China in October 2026, with all editions being published directly by AMTD, further solidifying its leadership position in the art media sector.
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- Registration Approval: The Hong Kong SAR Government has officially approved the registration of The Art Newspaper, marking a significant milestone in AMTD Group's efforts to establish a robust global intellectual property protection framework, which is expected to enhance its influence in the Asian market.
- Acquisition Context: AMTD's 100% acquisition of The Art Newspaper in 2023 led to the expiration of the licensing agreement with Modern Media Company on October 1, 2023, resulting in no issues of the newspaper in China or Hong Kong, highlighting AMTD's commitment to the brand.
- New Edition Launch: The inaugural Hong Kong edition of The Art Newspaper was officially launched during March and April 2026, coinciding with Art Basel Hong Kong, which is expected to significantly enhance the publication's editorial coverage and market recognition in Asia.
- Future Plans: AMTD plans to launch The Art Newspaper China in October 2026, with all editions being published directly by AMTD, indicating its strategic expansion and intent to penetrate the art media sector more deeply.
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- Box Office Achievement: The movie 'Scare Out' has surpassed $190 million at the global box office with over 28.28 million admissions, showcasing its strong market appeal and audience base, further solidifying AMTD Group's position in the entertainment industry.
- Sustained Popularity: Since its release a month ago, the film has maintained the highest daily seat occupancy rate for six consecutive days, indicating its continued popularity among viewers and potentially laying the groundwork for future sequels or related projects.
- Historical Significance: It has become the eighth highest-grossing domestic Chinese crime film in history and the highest-grossing crime story movie released during the Chinese New Year holiday in the past five years, reflecting its success in the holiday market and enhancing brand influence.
- Strategic Collaboration: AMTD Group, as a co-production company of the film, with founder Calvin Choi serving as co-producer, demonstrates its strategic positioning in the multimedia and entertainment sector, potentially opening new opportunities for future collaborative projects.
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- Box Office Achievement: The movie 'Scare Out' has surpassed $190 million in global box office revenue, with total admissions exceeding 28.28 million viewers, showcasing its strong market appeal and audience base, thereby solidifying AMTD Group's position in the entertainment industry.
- Sustained Popularity: One month post-release, the film has maintained the highest daily seat-occupancy rate for six consecutive days, indicating its ongoing popularity among viewers, which could provide a solid foundation for future derivative products and sequels.
- Historical Significance: The film has become the eighth highest-grossing domestic Chinese crime film in history and the highest-grossing crime story movie released during the Chinese New Year holiday in the past five years, reflecting its success in the holiday market and enhancing AMTD's influence in cultural entertainment.
- Strategic Collaboration: As a co-production company of the film, AMTD Group's founder, Dr. Calvin Choi, serves as a co-producer, demonstrating its strategic investment capabilities in multimedia and entertainment projects, further driving the expansion of its global business.
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