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.
Read more in Tajik here
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.
Read more in Tajik here
