Former Uzbekistan President’s Daughter Constructed $243 Million Property Empire, This is How

Gulnara Karimova, daughter of former Uzbekistan President Islam Karimov, moonlighted as a pop sensation and diplomat spent $240m on properties from London to Hong Kong, in line with BBC. 

In line with the Freedom For Eurasia research, Ms Karimova used UK firms to buy properties and a jet by utilizing cash earned via bribery and corruption. It additional acknowledged that UK firms taking part within the agreements used accountancy companies from London and the British Virgin Islands.

In line with the outlet, the British authorities has confronted criticism for not doing sufficient to cease international criminals from utilizing UK property to launder cash. There isn’t any indication that these appearing for the companies linked to her have been conscious of any connection to her. No one within the UK who supplied these companies has been probed or penalised. It’s to be famous that Ms Karimova was previously anticipated to succeed her father. She made appearances in music movies utilizing the stage title “Googoosha”, owned a jewelry enterprise and was an Ambassador to Spain. 

Nonetheless, in 2014, she vanished from the general public eye. She was jailed in December 2017 when it was later revealed that she had been imprisoned on suspicion of corruption whereas her father was nonetheless in energy. Ms Karimova was sentenced to jail in 2019 for violating the situations of her dwelling arrest. She was charged with being a member of a legal organisation that was answerable for greater than $1 billion in belongings unfold over 12 nations, together with the UK, Russia, and the United Arab Emirates.

Nonetheless, a number of the actual estates reportedly bought with corrupt money had already been offered.  In line with Freedom For Eurasia, which performed its investigation into property and land registry information, a minimum of 14 properties within the UK, Switzerland, France, Dubai and Hong Kong, have been purchased with reportedly suspicious funds previous to her detention.

As per the BBC, the report focuses on 5 properties bought in and round London that are actually estimated to be price 50 million kilos. These properties embrace three flats in Belgravia, which is close to Buckingham Palace, a house in Mayfair and a manor home in Surrey with a non-public boating lake. Earlier than Ms Karimova was jailed in 2013, two of the Belgravia residences have been offered. The Critical Fraud Workplace froze the Surrey property, the Mayfair dwelling and the Belgravia condo in 2017.

In its research, Freedom For Eurasia additionally cites firms in London and the British Virgin Islands that it alleges Karimova or her colleagues used to buy each actual property and a non-public airplane by utilizing the proceeds of crime. Rustam Madumarov, Ms Karimova’s boyfriend and different people who find themselves now allegedly her accomplices, have been named in official information because the “useful house owners” of firms with places within the UK, Gibraltar and the British Virgin Islands. The research says that they served simply as stand-ins for Ms Karimova, who utilised the companies to launder a whole lot of thousands and thousands of {dollars}.

In 2020, SH Landes, an accounting agency related to Ms Karimova’s UK-based companies, tried to include or purchase out one other enterprise. The target was to purchase a non-public airplane for about $40 million, along with her boyfriend recognized because the useful proprietor. Nonetheless, Ms Karimova was in actuality the driving drive behind the acquisition, as per the report.