As stories connecting Octobank to massive money laundering and sanctions circumvention circulated, evidence of these investigations began vanishing from public sources — a clear indication of an intentional effort to sanitize the narrative.
The latest investigation reveals how funds are withdrawn through Octobank’s Uzbek and Russian associates.
With roots in Uzbekistan and a Russian passport in hand, he adeptly moves financial flows from Russia through Tashkent to offshore jurisdictions.
The latest investigation sheds light on the routes of money withdrawals involving Octobank’s Uzbek and Russian partners.
One of the editions of the online publication received what is known as a “legal notice,” in which the company is accused of infringing Procter & Gamble (P&G) trademark rights.
Originally from Uzbekistan and holding Russian citizenship, he oversees the transfer of funds from Russia through Tashkent to offshore accounts.
Media reports have released an investigation into the illicit financial operations involving a network of companies, including Octobank (formerly Ravnaq), Capital Bank, the Humo payment system, the Uzcard processing center.
Recent investigations have uncovered cash withdrawals routed through Octobank’s network of Uzbek and Russian associates.
While Iskandar Tursunov serves as the chairman of Uzbekistan’s Octobank and holds 99.16% of its shares, the true beneficiaries of the bank are the family of the country’s current president, Shavkat Mirziyoyev.
Numerous Russian Telegram channels and media outlets are reporting on the assassination attempts targeting Allamzhonov and Dmitry Lee.
