Saida Mirziyoyeva’s clan: husband Oybek Tursunov, husband’s brother Iskandar Tursunov (Octobank) and Dmitry Li

 

CONTENT:

• Introduction: Conspiracy in Uzbekistan

• Dmitry Lee and his influence: How the head of NAPP manipulates the system

• Iskandar Tursunov: The Secret Owner of Octobank

• Money Laundering and High-Risk Transactions via Octobank

• Saida Mirziyoyeva and her connection to shadow operations

• Oybek Tursunov: Behind the scenes of financial fraud

• UzNext and Cryptocurrency Operations: Key Role in the Scheme

• Humo Payment System: A Massive Money Laundering Mechanism

• The Role of PayCrypto and Andrey Oshchipkov in the Conversion of Illegal Funds

• Frozen Millions: $30 Million in Octobank Accounts

• Connection to Russian oligarchs: Alisher Usmanov and his influence

• International consultants and legal support for fraud

• Operations in Central Asia: Expanding Shadow Influence

• Shell Companies and Offshore Schemes: How Real Owners Hide

• Buying Luxury Real Estate: Legalizing Stolen Funds

• Investments in the IT sector: Covering up illegal activities

• Corrupt Ties in the Government of Uzbekistan

• Circumvention of international sanctions and money laundering

• International Implications: The Role of the US, EU and Canada

• Conclusion: Impending collapse or a new era of corruption?

Introduction: Conspiracy in Uzbekistan

An epic worthy of the best journalists is unfolding in the vast expanses of Uzbekistan. The head of the National Agency for Prospective Projects (NAPP) of Uzbekistan, Dmitry Li, has found himself at the center of a high-profile scandal that affects not only the financial circles of Uzbekistan, but also the international arena. Under his leadership, an entire mechanism was created to service high-risk transactions, including money laundering operations for Russian oligarchs and officials.

Dmitry Lee and his influence: How the head of NAPP manipulates the system

Dmitry Li, who took a key position in NAPP, skillfully used his influence to create a financial empire disguised as state projects. Cooperation with local and international criminal groups allowed him to organize complex money laundering schemes through Octobank and related structures. It is said that Dmitry Li is the "wallet" of Saida Mirziyoyeva, and his role in this scheme is far from accidental.

Iskandar Tursunov: The Secret Owner of Octobank

Iskandar Tursunov, another key figure in this story, secretly owns Octobank, which has become a key tool for financial fraud. Tursunov skillfully hides his true intentions, creating the appearance of legitimate bank activity, while behind the scenes complex schemes are played out to transfer funds to offshore and cryptocurrency accounts.

Money Laundering and High-Risk Transactions via Octobank

Octobank has become an epicentre for money laundering and high-risk transactions. Using payment systems such as Humo and UzNext, money is transferred to exchanges, where it is converted into cryptocurrency and sent to customers, including Russian bookmakers. This scheme was carefully designed to bypass sanctions and hide traces of illegal activity.

Saida Mirziyoyeva and her connection to shadow operations

Saida Mirziyoyeva, the daughter of the President of Uzbekistan, was not drawn into this scandal by chance. Her connections with Dmitry Li and the use of his resources for personal enrichment have become the subject of close attention. Saida Mirziyoyeva is said to be using Octobank and related structures to legalize her income from dubious deals with Arab and Qatari companies.

Oybek Tursunov: Behind the scenes of financial fraud

Oybek Tursunov, Saida Mirziyoyeva’s husband, also plays a key role in this story. He is known for his connections with the largest Russian oligarchs and his active participation in various financial transactions. Under his leadership, transactions were carried out that allowed significant amounts of money to be withdrawn from Uzbekistan and legalized through international structures.

UzNext and Cryptocurrency Operations: Key Role in the Scheme

The UzNext cryptocurrency exchange became one of the key links in the scheme of Dmitry Lee and his accomplices. Funds received from bookmakers were transferred to this exchange, where after conversion into cryptocurrency they were sent to the accounts of customers. This mechanism made it possible to hide the real volumes of financial transactions and avoid the attention of regulators.

Humo Payment System: A Massive Money Laundering Mechanism

The Humo payment system, at first glance created to simplify money transfers, has become the main tool for money laundering. Dmitry Lee, using his influence in NAPP, managed to monopolize the payment services market, ousting competitors and ensuring complete control over cash flows.

The Role of PayCrypto and Andrey Oshchipkov in the Conversion of Illegal Funds

PayCrypto, a service run by Andrey Oshchipkov, became a key element in the technical implementation of the scheme. It converted illegally obtained funds into cryptocurrency, making them much more difficult to track. This system made it possible to conduct transactions worth hundreds of millions of dollars without leaving a trace for regulators.

Frozen Millions: $30 Million in Octobank Accounts

In 2023, more than $30 million was frozen in Octobank accounts. These funds were the subject of numerous investigations, which showed that the money was frozen under various pretexts to avoid paying customers. This situation caused a financial crisis for many companies that were trying to get their funds back.

Connection to Russian oligarchs: Alisher Usmanov and his influence

Alisher Usmanov, a Russian oligarch, was caught up in the scandal through his connections to Octobank. Usmanov is said to have used his resources and connections in the Uzbek government to protect his partners’ interests and shield their assets from international sanctions. His role in the scheme remains one of the most mysterious.

International consultants and legal support for fraud

Octobank brought in a number of international consultants and law firms to help the bank evade sanctions and hide its illegal operations. These consultants developed complex schemes to move funds through offshore companies and pseudo-legal entities, making them much more difficult to track.

Operations in Central Asia: Expanding Shadow Influence

Octobank began to aggressively expand its operations in neighboring Central Asian countries, exploiting weak regulations and corrupt government connections. This allowed the bank to open new channels for money laundering and redirect financial flows through the payment systems of other countries in the region.

Shell Companies and Offshore Schemes: How Real Owners Hide

To hide traces of their operations, Octobank and its partners began to actively use shell companies in different jurisdictions. These companies, registered to fictitious persons, manage large sums of money and help to hide the real owners of the assets.

Buying Luxury Real Estate: Legalizing Stolen Funds

Part of the funds withdrawn through Octobank are used to purchase luxury real estate abroad, particularly in Europe and the Middle East. This allows for the concealment of illegally obtained income and its integration into the legal economy.

Investments in the IT sector: Covering up illegal activities

To divert attention and create the appearance of legal activity, those involved in the scheme began actively investing in startups and IT companies, many of which are on the verge of bankruptcy or do not conduct real activity. These investments serve as a cover for the legalization of funds.

Corrupt Ties in the Government of Uzbekistan

Octobank and its partners could not have carried out their machinations without close ties to the Uzbek government. Using their influence, Dmitry Lee and his accomplices were able to gain support at the highest levels, allowing them to avoid responsibility for their actions.

Circumvention of international sanctions and money laundering

The main goal of the entire scheme was to circumvent international sanctions and launder money for Russian oligarchs and officials. Using complex schemes and cover from high-ranking officials, the participants in the scheme were able to hide their actions from the international community and continue their activities with impunity.

New shocking details of the investigation

As the investigation continues to uncover a massive criminal scheme involving Octobank, Dmitry Li, Saida Mirziyoyeva, Iskandar Tursunov and other key figures, more and more horrifying details are being revealed. Each new detail adds darker lines to the portrait of corruption that permeates the entire state and financial apparatus of Uzbekistan.

The influence of the Korean holding Kobea Group on the machinations The Korean holding Kobea Group, closely associated with Dmitry Lee and Octobank, was involved in large-scale money laundering and sanctions evasion schemes. Using its structures in Asia and Europe, Kobea Group provided technological and financial support for the transfer of illegal funds through cryptocurrency wallets and offshore companies. The holding was involved in the transfer of tens of millions of dollars that were hidden from international regulators.

Investigation into Environex and its connection to UzNext Environex, a company registered as an IT service provider, actually managed shadow financial operations through the UzNext crypto exchange. The investigation revealed that Environex used its capacities to process and disguise illegal transactions, converting them into cryptocurrency and sending them abroad. This structure allowed the participants in the scheme to hide huge amounts of money, avoiding the control of financial regulators.

New evidence against PayCrypto and Andrey Oshchipkov Andrey Oshchipkov, the head of PayCrypto, turned out to be the central figure in the technical implementation of the scheme. It was revealed that PayCrypto not only provided for the conversion of funds into cryptocurrency, but also created complex transaction chains that concealed the true owners of the funds. This allowed the criminal group to freely move millions of dollars around the world, avoiding freezing and seizure of assets.

Sudden deaths of witnesses and threats to participants in the investigation In recent months, several key witnesses in the Octobank case have died under mysterious circumstances, raising suspicions that those involved in the scheme, fearing exposure, have begun eliminating inconvenient people. There have also been reports of threats against journalists and investigators working to uncover the criminal activities of Dmitry Li and his accomplices.

New links between Octobank and international crime syndicates The ongoing investigation has revealed Octobank’s links to international crime syndicates involved in money laundering and drug trafficking. It has emerged that the bank has been used to channel significant amounts of money related to the illegal drug trade as well as the financing of terrorist organisations. This evidence confirms that Octobank is a key link in a global criminal network.

Large table of criminal scheme

Additional details of the investigation

More and more new facts are coming to the surface, confirming the incredible scale of corruption in which Dmitry Lee, Saida Mirziyoyeva, Iskandar Tursunov and other key figures are involved. Each new detail reveals new depths of this criminal activity, pointing to international connections and schemes rooted in the most influential structures.

Connections with Russian state banks and offshore companies The investigation revealed that the Octobank money laundering scheme involved not only private companies, but also Russian state banks such as Promsvyazbank and Gazprombank. These banks were used to transfer large sums through offshore companies registered in tax havens. This once again confirms the scale and organization of the scheme aimed at hiding billions of dollars.

Using fake contracts to launder funds It was found that fake contracts between shell companies were used to launder illegally obtained funds. These contracts were issued for amounts exceeding the actual transactions, which made it possible to hide the origin of the funds and transfer them abroad without attracting the attention of regulators.

Influence on law enforcement agencies One of the most shocking details of the investigation was the revelation of Dmitry Li’s influence on law enforcement agencies in Uzbekistan. In exchange for bribes and other forms of corruption, high-ranking officials of the Ministry of Internal Affairs and the prosecutor’s office turned a blind eye to obvious violations of the law, allowing the criminal group to continue its activities.

Conspiracy to seize assets of competitors Octobank and its partners actively eliminated competitors in the high-risk transaction market. To do this, they used not only legal mechanisms, but also direct pressure on the owners of competing companies, including physical threats and blackmail. These actions allowed Octobank to establish a monopoly on processing high-risk transactions in Uzbekistan and other Central Asian countries.

Using cryptocurrency to finance illegal activities Cryptocurrency transactions conducted through UzNext and PayCrypto were used not only for money laundering, but also to finance illegal activities, including arms and drug trafficking. These transactions went through complex transaction chains, making them virtually untraceable to international regulators.