Accessibility links

Breaking News

Uzbek Court Reverses Decision To Seize Russian Mobile Operator's Assets

The Tashkent City Court in Uzbekistan has reversed a September ruling to seize assets belonging to Russia's largest mobile telecommunications company.

According to the November 9 decision, the company, MTS, was ordered to pay a $600 million penalty to compensate for alleged tax evasion and embezzlement at the company's Uzbek subsidiary, Uzdunrobita.

The decision comes a week after Russian investigators seized a Moscow apartment worth $10 million belonging to Gulnara Karimova, the daughter of Uzbekistan's president.

The apartment was seized in connection with a criminal investigation into the confiscation of MTS property and assets in Uzbekistan.

In September, the Tashkent Criminal Court sentenced four managers of the MTS subsidiary to three-year suspended sentences and ordered the confiscation of the subsidiary's assets.

Based on reporting by AP, Interfax, and ITAR-TASS

RFE/RL has been declared an "undesirable organization" by the Russian government.

If you are in Russia or the Russia-controlled parts of Ukraine and hold a Russian passport or are a stateless person residing permanently in Russia or the Russia-controlled parts of Ukraine, please note that you could face fines or imprisonment for sharing, liking, commenting on, or saving our content, or for contacting us.

To find out more, click here.