Uzbekistan requests Russia freeze Gulnara Karimova’s real estate assets

Uzbekistan requests Russia freeze Gulnara Karimova’s real estate assets
Gulnara Karimova, the disgraced daughter of the Uzbek autocrat Islam Karimov, is now in jail for corruption
By bne IntelliNews August 25, 2017

The Uzbek Prosecutor General’s Office has asked the Russian authorities to freeze the real estate assets of Gulnara Karimova, the disgraced daughter of the late Uzbek autocrat Islam Karimov, the Russian Prosecutor General’s Office said on August 24. The request is currently under consideration.

Little information about Gulnara’s status and condition has been released by the Uzbek authorities since July 28 when the Uzbek prosecutor’s office revealed she had been sentenced in 2015 to five years of “restricted freedom” for embezzlement, extortion and tax evasion.

The Prosecutor-General's Office said it is seeking to freeze $1.5bn worth of Karimova’s assets in 12 countries. The property includes a penthouse, a villa complex, eight apartments, a hotel compound, a house, and a land lot in Moscow. The office also alleged that she illegally obtained over $590mn in assets and received $870mn in kickbacks.

In total, the Uzbek authorities claim Karimova and her associates have stolen $1.6bn, €26mn, and UZS1.27tn ($311mn), which roughly adds up to $2bn. The amounts were the focus of an international probe that involves Nordic telecom group TeliaSonera, and Russia’s VimpelCom and MTS. The companies were accused of bribing entities connected to Karimova to win licences to operate 3G and 4G services on the Uzbek mobile market. VimpelCom was fined $795mn by the US and Dutch authorities for the bribes it paid in Uzbekistan and Telia agreed on a $1bn settlement.

Karimova’s son, also named Islam Karimov, claimed that his mother has only remained alive thanks to computer files she removed from Uzbekistan prior to her detention that hold compromising materials on senior members of government. That allegation could explain rumours from last year that Karimova had been killed by poisoning and buried in a cemetery near Tashkent and chimes with her lawyer Grégoire Mangeat’s insistence that her security is not guaranteed, despite her being in good health currently.

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