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News Qizilqumsement allegedly paid above market price to gas supplier with links to Uzbek first family

Qizilqumsement allegedly paid above market price to gas supplier with links to Uzbek first family

Written by Global Cement staff 26 April 2024
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Uzbekistan: Investigative reporting by Radio Free Europe/Radio Liberty (RFE/RL) has found evidence of a company linked to President Shavkat Mirziyoyev's son-in-law carrying out ‘secret state contracts.’ These included a US$36m ‘overpriced’ natural gas supply contract for Qizilqumsement. The company, Ultimo Group, is reportedly without website or public profile and co-owned by a retiree with no business background. RFE/RL described its network of associated international companies as ‘Byzantine.’

Last modified on 30 April 2024
Published in Global Cement News
Tagged under
  • Uzbekistan
  • Investigation
  • Gas
  • supply contract
  • Government
  • Corruption
  • Ultimo Group
  • GCW657

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