Switzerland and Uzbekistan have agreed to return $ 131 million to Tashkent from the belongings of the late Uzbek President’s eldest daughter Gulnara Karimova, who’ve been in Swiss banks since 2012. This is said in a message printed on Swiss Federal Council web site 11 September.

As follows from the doc, the events signed a framework settlement on the return to Uzbekistan of funds which have already been confiscated within the framework of felony proceedings in opposition to the daughter of Islam Karimov and which, undoubtedly, will nonetheless be confiscated within the framework of the nonetheless pending felony circumstances in opposition to the daughter of the previous Uzbek president.

800 million francs

We are speaking a couple of complete quantity of just about 800 million Swiss francs, which had been frozen by the Swiss prosecutor’s workplace again in 2012. About $ 131 million of this quantity was confiscated in 2019. This cash is now topic to return to Uzbekistan in accordance with the signed framework settlement.

It follows from the doc that the cash can be returned to Uzbekistan if a lot of situations are met. Thus, it’s spelled out that the cash needs to be directed to enhance the residing requirements of the inhabitants of Uzbekistan and be used transparently with the potential involvement of non-governmental organizations. The textual content of the doc says that the funds are supposed, specifically, for the implementation of sustainable improvement initiatives in accordance with the UN Agenda 2030 program and the event technique developed by Uzbekistan itself.

Long imprisonment

In March this 12 months, the Tashkent City Criminal Court elevated Karimova’s jail time period to 13 years and 4 months as a part of a brand new felony case on the creation of a felony group, extortion and embezzlement.

In August 2015, Karimova was discovered responsible of extortion and tax evasion, and on December 18, 2017, in one other case, she was sentenced to 10 years in jail.

In December 2017, the US Treasury Department included Gulnara Karimova on the sanctions listing beneath the “world Magnitsky legislation.” According to the US Treasury Department, Karimova “headed a strong organized crime syndicate that attracted state actors to expropriate companies, monopolized markets and engaged in extortion.”

See additionally:



Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.