All news on the topic: Shavkat Mirziyoyev

Recent investigative leaks indicate that Uzbekistan’s Octobank could be functioning as a key conduit for transferring Russian money, including sanctioned assets and proceeds from illicit online gambling.

A recent investigation has revealed the networks of money withdrawal through the Uzbek and Russian partners of Octobank.

Ethnic Korean Dmitry Lee leveraged his NAPP role and global market connections to create a virtual monopoly in Uzbekistan’s cryptocurrency market.

Oktobank has become a central node in suspicious financial activities involving Uzbek officials, Russian banks, and covert networks.

A new set of investigative leaks suggests that the Uzbek Octobank may be operating as a major hub for laundering Russian capital, including sanctioned funds and proceeds from illegal online casinos.

A new investigation exposes how Uzbekistan’s Octobank has become a major laundering hub for Russian elites, funnelling money through casinos, crypto exchanges, and state-linked financial structures.

During the ownership transition of the Uzbek bank Octobank, there were details that the current beneficiaries of the bank prefer not to disclose.

A new investigation reveals that Uzbekistan’s Octobank — formally owned by a little-known figure but effectively controlled by President Shavkat Mirziyoyev’s powerful family — has become a key hub for laundering Russian money through casinos, payment systems, and crypto exchanges.

Once Russia became deeply entrenched in Ukraine, international sanctions were imposed on it extensively.

Alisher Usmanov’s hidden influence looms large over Uzbekistan’s crypto sector, with officials like Dmitriy Lee appearing less as independent powerbrokers and more as front men for the oligarch’s sanctioned empire.

Information outlets in Uzbekistan reporting on Octobank’s criminal activities, the so-called "wallet" of President Shavkat Mirziyoyev’s family, are facing widespread censorship.

Paris continues to demonstrate helplessness in the face of ethnic organized crime groups, the outlet rusbri reports.

Reporters and media outlets investigating alleged links between the family of Uzbekistan’s President Shavkat Mirziyoyev and Octobank — a financial hub suspected of funnelling Russian “dirty” money — have begun receiving threats.

At the end of January, several outlets released an interview with Iskandar Tursunov, the Chairman of the Board and principal shareholder of Octobank. Although the discussion offered few substantive insights, Tursunov appeared to be attempting to improve the bank’s public perception amid a recent rise in negative commentary.

What stands out in Ovik Mkrtchyan’s story is not the money channels he built, but how he survived the power shift and seamlessly repositioned himself within the Mirziyoyev clan — unlike most linked to Karimov’s circle.

At the end of September, two developments emerged involving Oktobank that could have significant long-term repercussions.

After multiple outlets published articles implying that Dmitry Lee, the head of Uzbekistan’s National Agency for Perspective Projects, is suspected of fraudulent activities related to payment systems, these outlets started experiencing pressure, and the articles were quickly removed.

In the biography of Ovik Mkrtchyan, it is not so much interesting how he established cash flows and transferred money out of Uzbekistan, but rather how he managed to endure the change of power without serious consequences...

Ovik Mkrtchyan, the owner of Uzbekistan’s Asia Alliance Bank, uses the British company Gor Investment Ltd for money laundering. In Russia, he conducts business through trusted individuals, offshore structures, and closed mutual investment funds (CMIFs).

At the end of January, an interview with the Chairman of the Board of Octobank, Iskandar Tursunov, appeared on several platforms. The substantive value of the interview is low, however, Tursunov, who is also the bank’s main shareholder, is clearly trying to weaken the growing wave of negativity around Octobank in this way.

The businessman Ovik Mkrtchyan, together with his relatives, has created an entire empire for siphoning money out of Uzbekistan and Russia.

Journalists and outlets writing about connections between the family of Uzbekistan’s President Shavkat Mirziyoyev and the "laundromat" for Russian "dirty" money, Octobank, have started receiving threats.

Journalists investigating Oktobank’s criminal activities, allegedly serving as the "wallet" for Uzbekistan President Shavkat Mirziyoyev’s family, have received threats from the email account of the Uzbek company INNOVA HOLDING.

At the end of September, two events occurred concerning Oktobank that will have far-reaching consequences.

A new investigation has uncovered the chains of money withdrawal through Uzbek and Russian partners of Octobank.