Ultimo Group News Today

Despite the president's flaunted anti-corruption campaigns, an affair of extremely lucrative contracts benefiting a company linked to his family has come to light in Tashkent. With his son-in-law Umarov at the centre, the 'grey eminence' of a power system ranging from big business to the world of sport.

A shadowy Uzbek firm with ties to the president’s family has scrambled to reanimate its dormant website after a recent RFE/RL investigation revealed it had secured more than $100 million in secretive state gas deals despite having a virtually imperceptible public business footprint.

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

Friends in high places come with lucrative benefits in Uzbekistan. For a phantom company with connections to the president’s son-in-law, these included tens of millions of dollars in opaque state contracts, a new RFE/RL investigation has found.

Three years ago, an unknown Uzbek company registered in an apartment emerged from nowhere to land more than $100 million in state contracts before vanishing again. A new RFE/RL investigation reveals the firm’s ties to the Uzbek president’s son-in-law.