http://wiki.mymakerbot.com/api.php?action=feedcontributions&feedformat=atom&user=V1gmizj816 2026-06-16T16:31:21Z Вклад участника MediaWiki 1.32.1 http://wiki.mymakerbot.com/index.php?title=Government_Investment_Fund_A_Piggybank_For&diff=8947 2023-08-09T21:18:09Z

<p>V1gmizj816: Новая страница: «Uzbek con­glom­er­ate, the Orient Group, has expe­ri­enced a mete­oric rise dur­ing the Presidency of Shavkat Mirziyoyev.  window.tgpQueue.add('tgpli-64a…»</p> <hr /> <div>Uzbek con­glom­er­ate, the Orient Group, has expe­ri­enced a mete­oric rise dur­ing the Presidency of Shavkat Mirziyoyev. <br /> <br /> window.tgpQueue.add('tgpli-64a7dcd84bfca')<br /> <br /> It stands behind well known brands such as Makro super­mar­kets, Orient Finans Bank and Golden House. It has been pre­sent­ed inter­na­tion­al­ly as the bedaz­zled face of the regime’s eco­nom­ic reforms. <br /> <br /> window.tgpQueue.add('tgpli-64a7dcd84bfe0')<br /> <br /> A year long study by UzInvestigations, pub­lished today, employs an unprece­dent­ed range of trac­ing tech­niques to pro­vide a rare win­dow into the world of cor­po­rate pow­er in Uzbekistan using the Orient Group as a case study.<br /> <br /> The report reveals that the Orient Group’s rapid ascen­den­cy since 2017 can be attrib­uted, in part, to the sig­nif­i­cant invest­ment and cus­tom of a bou­tique equi­ty fund, the Uzbek Oman Investment Company, and the state enter­prise Uzbekistan Railways. <br /> <br /> Uzinvestigations traced US$187 mil­lion in invest­ments made by the Uzbek Oman Investment Company, which exclu­sive­ly employs cap­i­tal pro­vid­ed by the Governments of Uzbekistan and Oman. In total 86% of these traced invest­ments went to Orient Group projects.<br /> <br /> window.tgpQueue.add('tgpli-64a7dcd84bfeb')<br /> <br /> State enter­prise, Uzbekistan Railways,  had made a fur­ther US$29 mil­lion of invest­ment into the Orient Group, while also pro­vid­ing sig­nif­i­cant cus­tom to the conglomerate’s heavy indus­try and logis­tics arms.<br /> <br /> The report also uncov­ered a series of share­hold­ers in the Orient Group not dis­closed on the company’s now offline web­site. They include Oybek Umarov who is the broth­er of Otabek Umarov, the con­tro­ver­sial son-in-law of President Mirziyoyev, who serves as the Deputy Head of the Presidential Security Service. <br /> <br /> window.tgpQueue.add('tgpli-64a7dcd84bff5')<br /> <br /> Financial trac­ing efforts uncov­ered a fur­ther eight opaque Scottish Limited Partnership share­hold­ers, which have invest­ed US$128 mil­lion into the Orient Group.<br /> <br /> window.tgpQueue.add('tgpli-64a7dcd84bffe')<br /> <br /> “The facts we uncov­ered gave rise to an ini­tial hypoth­e­sis that the Orient Group was the ben­e­fi­cia­ry of polit­i­cal favoritism which was poten­tial­ly anti-com­pet­i­tive in nature”, claims report co-author Professor Kristian Lasslett.<br /> <br /> “When we attempt­ed to dis­suade our­selves of this pre­lim­i­nary con­clu­sion by request­ing basic ten­der doc­u­ments or infor­ma­tion that might explain the sig­nif­i­cant cus­tom giv­en to the Orient Group, [https://www.opendemocracy.net/ https://www.opendemocracy.net] we received noth­ing of any sub­stance from the gov­ern­ment or the com­pa­nies involved”, Professor Lasslett confirms. <br /> <br /> Umida Niyazova, Director of Uzbek Forum for Human Rights, which co-authored the report, con­cludes, “We are see­ing increas­ing wealth inequal­i­ty in Uzbekistan accel­er­at­ed by what appears to be a fun­da­men­tal­ly unfair play­ing field”.<br /> <br /> “As more wealth accu­mu­lates in the hands of those close to senior state offi­cials, the link between extreme eco­nom­ic and polit­i­cal pow­er becomes stronger. This is a sig­nif­i­cant threat to any prospect of democ­ra­ti­sa­tion in Uzbekistan”, Niyazova said.<br /> <br /> This report, in sum­ma­ry, pro­vides arguably the most exten­sive pub­lic pro­file avail­able to date of a major busi­ness group tied to the fam­i­ly of Uzbekistan’s President.<br /> <br /> “This Power Brief is a stark warn­ing against analysing the mar­ket reform process in Uzbekistan in abstrac­tion from own­er­ship struc­tures”, Professor Lasslett concludes.<br /> <br /> “If we only exam­ine the eco­nom­ic data, and do not at the same time care­ful­ly scru­ti­nise who owns the com­pa­nies seiz­ing a lion’s share of the eco­nom­ic ben­e­fits, there is a risk that a drift into an even greater iter­a­tion of author­i­tar­i­an rule in Uzbekistan will occur in silence”, Professor Lasslett warns.<br /> <br /> Download the report in English.<br /> <br /> Download the report in Russian*.<br /> <br /> * The orig­i­nal English lan­guage ver­sion of this report should be employed for cita­tion and review purposes.<br /> <br /> Contact<br /> <br /> Professor Kristian Lasslett<br /> <br /> Email: [email protected]<br /> <br /> Skype: kristian.lasslett <br /> <br /> Twitter: @klasslett</div>

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