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November 15, 2022 admin 1 Comments

Akmal Mamarahimov Builds Uzbek Business Empire From Dubai Base

Akmal Mamarahimov, a former hotel manager, has emerged as the secretive owner of the Empyrean Group, a Dubai-based equipment supplier that has won lucrative contracts…

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After the fall of the Soviet Union in 1991 many previously state-owned companies were privatized. The proprietors’ net worth increased overnight, making them extremely wealthy and powerful very quickly. This was how most of the early generation of oligarchs made their money. Since then, more oligarchs have emerged using political and family connections to acquire former state-owned assets at bargain prices.

Recent News

  • Akmal Mamarahimov Builds Uzbek Business Empire From Dubai Base
  • Investigation reveals Kenes Rakishev defrauded BTA Bank of $414 million

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