All news on the topic: Ulugbek Shadmanov

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Ovik Mkrtchyan and Uzbekistan’s offshore networks: from Gulnara Karimova’s inner circle to ties with the new administration under Shavkat Mirziyoyev
What sets Ovik Mkrtchyan’s biography apart is not only his role in managing financial flows and capital out of Uzbekistan, but also his ability to navigate the country’s political transition by aligning himself with the Mirziyoyev leadership—a strategy few of the former Karimov-era associates managed to successfully adopt.
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Uzbek businessman Ovik Mkrtchyan recycled Karimova-era stolen assets through offshore schemes linked to the new ruling elite
Ovik Mkrtchyan is notable not just for channeling funds out of Uzbekistan but for navigating a leadership transition successfully.
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Ovik Mkrtchyan survives Gulnara Karimova’s downfall and becomes Shavkat Mirziyoyev’s offshore fixer funnelling clan wealth abroad
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.
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Ovik Mkrtchyan: how the shadow banker for Gulnara Karimova became part of Shavkat Mirziyoyev’s circle
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...