She was once known as a pop star. She did the jewellery business. She even enrolled as a diplomat. She is Gulnara Karimova. She is the daughter of former Uzbekistan dictator Islam Karimov.
Gulnara Karimova is now in jail. However, she once bought assets worth $ 240 million in different countries. And these assets were created with the money of bribery and corruption. This information has been revealed in a report by the Freedom of Eurasia, an Austrian-based non-governmental human rights organization.
Freedom of Eurasia says Gulnara Karimova’s assets were from London, the capital of the United Kingdom, to Hong Kong in the east. These include several houses and a private plane. The assets were purchased in the name of various organizations in the UNITED Kingdom.
Gulnara Karimova worked for the UK-based companies through which she bought the assets, several British virgins islands-based accounting firms known as London and Tax Paradise. For a long time, criminals from different countries have been smuggling money from their own country through these institutions in the UK. However, there are allegations that the UK government is not acting against the companies.
In 2014, Gulnara Karimova went behind the eyes of the common people. Later, it was learned that he was detained on corruption charges. But at that time, their father, Islam Karimov, was in power. Gulnara Karimova was sentenced in 2017 after the charges were proven.
Islam Karimov was president of Uzbekistan from 1989 to 2016. He died that year. His daughter Gulnara Karimova was Uzbekistan’s ambassador to Spain. Gulnara Karimova was supposed to be the head of state of Uzbekistan after Islam Karimov.
However, in 2014, Gulnara Karimova went behind the eyes of ordinary people. Later, it was learned that he was detained on corruption charges. But at that time, their father, Islam Karimov, was in power. Gulnara Karimova was sentenced in 2017 after the charges were proven. In 2019, he was jailed for not complying with house arrest conditions.
The lawyers alleged that Gulnara Karimova was involved in a criminal gang. In 12 countries, the cycle controls assets worth more than $1 billion. The countries include the United Kingdom, Russia and the United Arab Emirates. Tom Meni, freedom of Eurasia researcher on the corruption of Gulnara Karimova, said that the daughter of the former President of Uzbekistan had committed one of the most significant cases of corruption and bribery in history.
Gulnara Karimova’s boyfriend’s name is Rustam Madumarov. Some of Korimova’s associates and Rustam have been named in the documents as owners of UK, Gibraltar and British Virginia Islands companies. However, Freedom of Eurasia says it has been made the owner of the companies on behalf of Karimova.
Freedom of Eurasia found that Gulnara Karimova had purchased at least 14 properties in different countries using dubious funds before her arrest. These assets were purchased in several countries, including the United Kingdom, Switzerland, France, the United Arab Emirates and Hong Kong.
Freedom of Eurasia’s report will be published on Tuesday (March 14). There is a focus mainly on the five assets purchased by Gulnara Karimova in London. These assets are currently worth £50 million. These include three flats in the Belgravia area west of Buckingham Palace, a house in the Mayfair area, and another home worth 18 million pounds in the Surrey area.
Two flats in the Belgravia area were sold in 2013 before Gulnara Karimova was arrested. Later in 2017, the UK government seized another flat in Belgravia and two houses in Mayfair and Surrey areas.
Gulnara Karimova’s boyfriend’s name is Rustam Madumarov. Some of Korimova’s associates and Rustam have been named in the documents as owners of these companies in the UK, Gibraltar and the British Virgin Islands. However, Freedom of Eurasia says it was on behalf of Karimova that they were made the owners of those companies.
The two accounting institutions associated with the purchase of Gulnara Karimova’s assets are Penaly Limited and Odenton Management Limited. The two companies were opened by Another London-based company named SH Landers LLP to buy the property. Later in July 2010, SH Landers bought another new company. The purpose is to buy a private aircraft in the name of Rustam using that company. Gulnara Karimova was behind the $40 million purchase of the aircraft.
SH Landers was asked what the source of Rustam’s money for purchasing the aircraft was. In response, the company said, “We think that this question about his assets is not relevant in the current situation. From the reply, it seems that Rustam did not give money from his pocket to buy the aircraft.
SH Landers later said that a part of the money Rustom paid to buy the aircraft came from Uzbekistan’s telecommunications company Uzdonrobita. There are already questions about Gulnara Karimova’s connection with this organization. In 2004, the Russian media Moscow Times published a report. It is alleged that Gulnara took about $ 20 million from Uzdonrobita using fake invoices.
Meanwhile, SH Landers gave an account of the financial transactions of Penaly Limited in 2012. In September 2013, the company was shut down by a person close to Gulnara Korimova named Guyane Avakian.
According to the Freedom of Eurasia report, those transactions to buy assets were done by high-level people. There was a risk of this transaction being made up to the court. So SH Landers should have verified the source of the transaction money. This ensures that the money is legitimate and not earned through crime.
Freedom of Eurasia’s Tom Mennie said about Gulnara Karimova’s purchase of assets, “It seems that Karimova could easily buy assets in the UK. It’s a matter of concern. It took the UK government until 2017 to take action against him. However, a few years ago, many other countries were able to freeze his bank accounts and assets.
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