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  • UzbekistanAssetReturn

UNITED ARAB EMIRATES– MARCH 2022

Updated: Aug 28, 2022

The statement from the Prosecutor-General’s Office of the Republic of Uzbekistan (28 July 2017) suggests that “USD 32 million in cash, USD 31.5 million in gold and gold certificates, in Dubai - a penthouse, 2 villas, 2 hotel complexes with a total value of USD 67.4 million” can be tied to Karimova and her associates in this jurisdiction. Evidence was also provided (case no. GZ SCH-4986) by Karimova’s ex-financial adviser (Farhod Ingambaev) in a series of documents that detail accounts linked to Karimova and associated entities in Citibank, Dubai which shows significant flows of money going through them. However, these assets were not frozen or seized as a result of this case, and there has been no litigation against Karimova or her associates in this jurisdiction.



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