An Uzbek court in October ordered AGF, a 50-50 joint venture between Oxus Gold and the Uzbek government, to pay $224 million in tax arrears.
The British company on November 30 said it had agreed to sell 16 percent of its share in AGF to Zeromax GmbH, a Zug-registered subsidiary of the U.S.-based Zeromax Group.
Zeromax is owned by a Tashkent businessman, Miradil Jalalov, with suspected connections with President Islam Karimov's entourage.
Uzbekistan in August stripped Oxus Gold of its license to develop an ore deposit in southeastern Surkhandariya region.
(vesti.uz, uzmetronom.net, oxusgold.co.uk)
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