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Tajik Bank Co-Owned By President's Relative Ordered To Pay Debt


DUSHANBE -- A Tajik company has won a case against a bank partly owned by President Emomali Rahmon's brother-in-law, RFE/RL's Tajik Service reports.

The northern Sughd Province's economic court ordered on August 30 that the director of the Oriyon Bank -- which is co-owned by Hasan Sadulloev, Rahmon's brother-in-law -- pay the equivalent of $800,000 to the Bakht wheat company for grain purchased more than a decade ago, Bakht head Nuriddin Makkamov told RFE/RL.

The Bakht company has been seeking the money for a wheat delivery made to the Kayrakkum flour plant in 1998.

Oriyon Bank took control of Kayrakkum in 2003, promising to pay off the plant's debts. Bakht filed a claim for the debt but Oriyon then said it was not obligated to repay that debt. Oriyon officials claimed the original owners of the flour plant had embezzled a large amount of money before the bank acquired the company.

The Bakht company pointed to a 2003 court decision ordering Oriyon to repay the money to Bakht. Oriyon took the case to court earlier this year and had the verdict overturned.

Bakht appealed to a Dushanbe court, which sent the case back to the Sughd economic court for review.

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