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  • UzbekistanAssetReturn


Updated: Aug 28, 2022

The US Department of Justice proceedings In Rem (case no. 1:16-cv-01257) traced a number of corrupt payments through Latvian banks Aizkraukles, Latvia and Parex Latvia. These accounts accumulated large sums of wealth. For example, between 2009 and 2012, Takilant transferred US $102,864,623.01 from its Parex Account to Takilant’s Lombard Odier account (a private bank HQ in Geneva, Switzerland).

A statement from the Prosecutor-General’s Office of the Republic of Uzbekistan (28 July 2017) also suggests that “cash and securities worth USD 16.5 million, and an entertainment center in the park area of ​​Riga worth EUR 9 million” can be tied to Karimova and her associates. However, there has been no litigation against Karimova or her associates in this jurisdiction.


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