Detailed financial flows
Source: Mannheimer Swartling Report on TeliaSonera , Dutch Request for Legal Assistance, US Securities and Exchange Commission, other financial documents obtained by OCCRP. All amounts in US dollars.
VimpelCom
Payments by Gulnara Karimova to telecommunications companies | |||||
|---|---|---|---|---|---|
Date | Company | Karimova's Proxy | Amount | Bank | Source |
June 12, 2007 | Takilant Limited | Aizkraukles Banka, Latvia | Dutch Request for Legal Assistance | ||
| Description: for purchase of 33.3% of shares in Freevale Enterprises Inc. (7% of Unitel) | ||||
Payments by telecommunications companies to proxy companies | |||||
Date | Company | Karimova's Proxy | Amount | Bank | Source |
Jan. 20, 2006 | Aqute Holdings & Investments Inc. | Takilant Limited | $19.000.000 | Aizkraukles Banka, Latvia | Dutch Request for Legal Assistance |
Nov. 8, 2007 | Watertrail Industries Inc. | Takilant Limited | $10.000.000 | Parex Bank, Latvia | OCCRP Dutch Request for Legal Assistance |
| Description: for UMTS frequencies | ||||
Nov. 12, 2007 | Watertrail Industries Inc. | Takilant Limited | $15.000.000 | Parex Bank, Latvia | OCCRP Dutch Request for Legal Assistance |
| Description: for UMTS frequencies | ||||
4Q 2007 | Unknown | Unknown | $43.000.000 | VimpelCom Form 6-K | |
| Description: for 3G license and numbering capacity (might be part of $25 million paid in Nov. 2007) | ||||
Aug. 8, 2008 | VimpelCom | Takilant Limited | $2.000.000 | Parex Bank, Latvia | Dutch Request for Legal Assistance |
Sept. 23, 2009 | Unknown | Takilant Limited | $57.500.000 | Standard Chartered Bank, Hong Kong | Dutch Request for Legal Assistance |
| Description: for repurchase of 33.3% of shares in Freevale Enterprises Inc. (7% of Unitel) | ||||
Oct. 19, 2011 | Watertrail Industries Inc. | Takilant Limited | $30.000.000 | Bank Lombard Odier, Switzerland | Dutch Request for Legal Assistance |
Merkony
Payments by Gulnara Karimova to telecommunications companies | |||||
|---|---|---|---|---|---|
Date | Company | Karimova's Proxy | Amount | Bank | Source |
Sept. 19, 2007 | Merkony Investment Group Limited | Takilant Lmited | Parex Bank, Latvia | OCCRP | |
| Description: loan | ||||
Payments by telecommunications companies to proxy companies | |||||
Date | Company | Karimova's Proxy | Amount | Bank | Source |
Feb. 17, 2006 | Merkony Investment Group Limited | Takilant Lmited | $300.000 | Parex Bank, Latvia | OCCRP |
May 5, 2006 | Merkony Investment Group Limited | Takilant Lmited | $1.953.500 | Parex Bank, Latvia | OCCRP |
May 19, 2006 | Merkony Investment Group Limited | Takilant Lmited | $865.785 | Parex Bank, Latvia | OCCRP |
June 7, 2006 | Merkony Investment Group Limited | Takilant Lmited | $1.087.715 | Parex Bank, Latvia | OCCRP |
Sept. 21, 2006 | Merkony Investment Group Limited | Takilant Lmited | $107.000 | Parex Bank, Latvia | OCCRP |
Oct. 19, 2006 | Merkony Investment Group Limited | Takilant Lmited | $1.226.000 | Parex Bank, Latvia | OCCRP |
Nov. 3, 2006 | Merkony Investment Group Limited | Takilant Lmited | $774.000 | Parex Bank, Latvia | OCCRP |
Nov. 21, 2006 | Merkony Investment Group Limited | Takilant Lmited | $500.000 | Parex Bank, Latvia | OCCRP |
Jan. 30, 2007 | Merkony Investment Group Limited | Takilant Lmited | $2.116.500 | Parex Bank, Latvia | OCCRP |
Feb. 7, 2007 | Merkony Investment Group Limited | Takilant Lmited | $1.185.000 | Parex Bank, Latvia | OCCRP |
| Description: for the right to use software system | ||||
Feb. 19, 2007 | Merkony Investment Group Limited | Takilant Lmited | $490.414 | Parex Bank, Latvia | OCCRP |
April 27, 2007 | Merkony Investment Group Limited | Takilant Lmited | $2.116.500 | Parex Bank, Latvia | OCCRP |
May 23, 2007 | Merkony Investment Group Limited | Takilant Lmited | $1.000.000 | Parex Bank, Latvia | OCCRP |
July 30, 2007 | Merkony Investment Group Limited | Takilant Lmited | $1.882.000 | Parex Bank, Latvia | OCCRP |
| Description: for laying of fiber optic cables | ||||
Aug. 2, 2007 | Merkony Investment Group Limited | Takilant Lmited | $3.780.000 | Parex Bank, Latvia | OCCRP |
| Description: for laying of fiber optic cables | ||||
Aug. 3, 2007 | Merkony Investment Group Limited | Finex Limited | $3.000.000 | Standard Chartered Bank, Hong Kong | OCCRP |
| Description: for design and installation of tele-monitoring system and control | ||||
Aug. 15, 2007 | Merkony Investment Group Limited | Takilant Lmited | $2.183.700 | Parex Bank, Latvia | OCCRP |
| Description: for outsourcing services | ||||
Aug. 23,2007 | Merkony Investment Group Limited | Takilant Lmited | $398.000 | Parex Bank, Latvia | OCCRP |
| Description: for laying of fiber optic cables | ||||
Aug. 23, 2007 | Merkony Investment Group Limited | Takilant Lmited | $1.110.000 | Parex Bank, Latvia | OCCRP |
| Description: for laying of fiber optic cables | ||||
Sept. 7, 2007 | Merkony Investment Group Limited | Takilant Lmited | $407.100 | Parex Bank, Latvia | OCCRP |
| Description: for outsourcing services | ||||
Sept. 21, 2007 | Merkony Investment Group Limited | Takilant Lmited | $620.000 | Parex Bank, Latvia | OCCRP |
| Description: repayment of loan | ||||
Oct. 2, 2007 | Merkony Investment Group Limited | Takilant Lmited | $350.000 | Parex Bank, Latvia | OCCRP |
| Description: repayment of loan | ||||
Oct. 11, 2007 | Merkony Investment Group Limited | Takilant Lmited | $951.000 | Parex Bank, Latvia | OCCRP |
| Description: for laying of fiber optic cables | ||||
Nov. 21, 2007 | Merkony Investment Group Limited | Takilant Lmited | $814.200 | Parex Bank, Latvia | OCCRP |
| Description: for outsourcing services | ||||
No. 21, 2007 | Merkony Investment Group Limited | Finex Limited | $760.000 | Standard Chartered Bank, Hong Kong | OCCRP |
| Description: for telecommunication services | ||||
Dec. 6, 2007 | Merkony Investment Group Limited | Finex Limited | $1.453.300 | Parex Bank, Latvia | OCCRP |
| Description: for development of telephone network system | ||||
Dec. 6, 2007 | Merkony Investment Group Limited | Finex Limited | $1.339.100 | Parex Bank, Latvia | OCCRP |
| Description: for development of information quality control systems | ||||
Dec. 6, 2007 | Merkony Investment Group Limited | Takilant Lmited | $407.100 | Parex Bank, Latvia | OCCRP |
| Description: for outsourcing services | ||||
Dec. 18, 2007 | Merkony Investment Group Limited | Takilant Lmited | $1.990.240 | Parex Bank, Latvia | OCCRP |
| Description: for programing suite for ERP system installation, mounting, launch | ||||
Dec. 18, 2007 | Merkony Investment Group Limited | Finex Limited | $678.700 | Standard Chartered Bank, Hong Kong | OCCRP |
| Description: for telecommunication services | ||||
Dec. 19, 2007 | Merkony Investment Group Limited | Takilant Lmited | $2.037.980 | Parex Bank, Latvia | OCCRP |
| Description: for construction of wireless infrastructure for WIMAX technology | ||||
Dec. 26, 2007 | Merkony Investment Group Limited | Takilant Lmited | $2.045.000 | Parex Bank, Latvia | OCCRP |
| Description: for construction of wireless infrastructure for WIFI technology | ||||
Dec. 26, 2007 | Merkony Investment Group Limited | Finex Limited | $2.934.300 | Parex Bank, Latvia | OCCRP |
| Description: for development of IT security system | ||||
Jan. 3, 2008 | Merkony Investment Group Limited | Takilant Lmited | $852.960 | Parex Bank, Latvia | OCCRP |
| Description: for transfer of user rights for the software system | ||||
Jan. 3, 2008 | Merkony Investment Group Limited | Takilant Lmited | $407.100 | Parex Bank, Latvia | OCCRP |
| Description: for outsourcing services | ||||
Jan. 24, 2008 | Merkony Investment Group Limited | Takilant Lmited | $1.000.000 | Parex Bank, Latvia | OCCRP |
| Description: for telecommunication services | ||||
Feb. 4, 2008 | Merkony Investment Group Limited | Finex Limited | $1.071.950 | Parex Bank, Latvia | OCCRP |
| Description: for development of IT security system | ||||
Feb. 4, 2008 | Merkony Investment Group Limited | Takilant Lmited | $744.450 | Parex Bank, Latvia | OCCRP |
| Description: for construction of wireless infrastructure | ||||
Feb. 5, 2008 | Merkony Investment Group Limited | Takilant Lmited | $567.900 | Parex Bank, Latvia | OCCRP |
| Description: for construction of wireless infrastructure for WIFI technology | ||||
Feb. 22, 2008 | Merkony Investment Group Limited | Takilant Lmited | $407.100 | Aizkraukles Banka, Latvia | OCCRP |
| Description: for outsourcing services | ||||
Feb. 25, 2008 | Merkony Investment Group Limited | Takilant Lmited | $319.050 | Aizkraukles Banka, Latvia | OCCRP |
| Description: for construction of wireless infrastructure for WIFI technology | ||||
Feb. 25, 2008 | Merkony Investment Group Limited | Finex Limited | $1.071.950 | Parex Bank, Latvia | OCCRP |
| Description: for development of information quality control systems | ||||
Feb. 25, 2008 | Merkony Investment Group Limited | Takilant Lmited | $2.425.000 | Aizkraukles Banka, Latvia | OCCRP |
| Description: for programing suite for ERP system installation, mounting, launch | ||||
Mar. 5, 2008 | Merkony Investment Group Limited | Finex Limited | $3.458.000 | Parex Bank, Latvia | OCCRP |
| Description: for development of IT security system | ||||
Mar. 6, 2008 | Merkony Investment Group Limited | Finex Limited | $1.203.200 | Parex Bank, Latvia | OCCRP |
| Description: for development of IT security system | ||||
Mar. 6, 2008 | Merkony Investment Group Limited | Takilant Lmited | $302.400 | Aizkraukles Banka, Latvia | OCCRP |
| Description: for outsourcing services | ||||
Mar. 6, 2008 | Merkony Investment Group Limited | Takilant Lmited | $873.420 | Aizkraukles Banka, Latvia | OCCRP |
| Description: for construction of wireless infrastructure for WIMAX technology | ||||
Mar. 28, 2008 | Merkony Investment Group Limited | Finex Limited | $1.838.700 | Standard Chartered Bank, Hong Kong | OCCRP |
| Description: for development of IT security system | ||||
Mar. 28, 2008 | Merkony Investment Group Limited | Finex Limited | $595.400 | Standard Chartered Bank, Hong Kong | OCCRP |
| Description: for development of IT security system | ||||
Mar. 28, 2008 | Merkony Investment Group Limited | Finex Limited | $4.890.500 | Standard Chartered Bank, Hong Kong | OCCRP |
| Description: for development and implementation of IT systems | ||||
Apr. 15, 2008 | Merkony Investment Group Limited | Finex Limited | $1.956.200 | Standard Chartered Bank, Hong Kong | OCCRP |
| Description: for development and implementation of IT systems | ||||
Apr. 15, 2008 | Merkony Investment Group Limited | Finex Limited | $1.502.450 | Standard Chartered Bank, Hong Kong | OCCRP |
| Description: for development of IT security system | ||||
Apr. 17, 2008 | Merkony Investment Group Limited | Finex Limited | $917.300 | Parex Bank, Latvia | OCCRP |
| Description: for development of trunking system | ||||
Apr. 17, 2008 | Merkony Investment Group Limited | Finex Limited | $1.535.000 | Standard Chartered Bank, Hong Kong | OCCRP |
| Description: for development of IT security system | ||||
Apr. 25, 2008 | Merkony Investment Group Limited | Finex Limited | $772.500 | Standard Chartered Bank, Hong Kong | OCCRP |
| Description: for development of IT security system | ||||
May 6, 2008 | Merkony Investment Group Limited | Takilant Lmited | $3.419.351 | Parex Bank, Latvia | OCCRP |
| Description: interest | ||||
May 7, 2008 | Merkony Investment Group Limited | Finex Limited | $1.502.450 | Standard Chartered Bank, Hong Kong | OCCRP |
| Description: for development of IT security system | ||||
May 28, 2008 | Merkony Investment Group Limited | Finex Limited | $1.190.000 | Standard Chartered Bank, Hong Kong | OCCRP |
| Description: for development of IT security system | ||||
May 29, 2008 | Merkony Investment Group Limited | Finex Limited | $1.189.900 | Standard Chartered Bank, Hong Kong | OCCRP |
| Description: for development of IT security system | ||||
Jul. 15, 2008 | Merkony Investment Group Limited | Finex Limited | $300.730 | Standard Chartered Bank, Hong Kong | OCCRP |
| Description: for development of IT security system | ||||
Jul. 15, 2008 | Merkony Investment Group Limited | Takilant Lmited | $2.550.766 | Parex Bank, Latvia | OCCRP |
| Description: interest | ||||
Sep. 11, 2008 | Merkony Investment Group Limited | Takilant Lmited | $677.047 | Parex Bank, Latvia | OCCRP |
| Description: interest | ||||
Oct. 29, 2008 | Merkony Investment Group Limited | Takilant Lmited | $781.302 | Parex Bank, Latvia | OCCRP |
| Description: interest | ||||
Oct. 29, 2008 | Merkony Investment Group Limited | Finex Limited | $878.780 | Standard Chartered Bank, Hong Kong | OCCRP |
| Description: for development of IT security system | ||||
Nov. 12, 2008 | Merkony Investment Group Limited | Finex Limited | $50.000 | Parex Bank, Latvia | OCCRP |
| Description: for project | ||||
Nov. 12, 2008 | Merkony Investment Group Limited | Finex Limited | $560.000 | Standard Chartered Bank, Hong Kong | OCCRP |
| Description: for project | ||||
Nov. 13, 2008 | Merkony Investment Group Limited | Finex Limited | $983.000 | Standard Chartered Bank, Hong Kong | OCCRP |
| Description: for project | ||||
Dec. 29, 2008 | Merkony Investment Group Limited | Finex Limited | $58.700 | Standard Chartered Bank, Hong Kong | OCCRP |
| Description: for project | ||||
MTS
Payments by telecommunications companies to proxy companies | |||||
|---|---|---|---|---|---|
Date | Company | Karimova's Proxy | Amount | Bank | Source |
Jul. 2002 | FE Uzdunrobita Ltd. | REVI Holding FZE | $330.000 | ||
| Description: for consultation services | ||||
Jul. 2004 | MTS | Unknown | $100.000.000 | ||
| Description: for purchase of majority stake in Uzdunrobita | ||||
Jun. 2007 | MTS | Swissdorn Limited | $250.000.000 | ||
| Description: for purchase of remaining 26 percent stake in Uzdunrobita | ||||
TeliaSonera
Payments by Gulnara Karimova to telecommunications companies | |||||
|---|---|---|---|---|---|
Date | Company | Karimova's Proxy | Amount | Bank | Source |
Dec. 28, 2007 | TeliaSonera UTA Holding B.V. | Takilant Limited | Parex Bank, Latvia | OCCRP Mannheimer Swartling Dutch Request for Legal Assistance | |
| Description: for purchase of 26 percent of shares of TeliaSonera Uzbek Telecom Holding B.V. | ||||
Payments by telecommunications companies to proxy companies | |||||
Date | Company | Karimova's Proxy | Amount | Bank | Source |
Autumn 2007 | FE Coscom LLC | Teleson Mobile LLC | $2.025.000 | Mannheimer Swartling | |
| Description: loan | ||||
Dec. 28, 2007 | TeliaSonera AB | Takilant Limited | $80.000.000 | Parex Bank, Latvia | OCCRP Mannheimer Swartling Dutch Request for Legal Assistance |
| Description: for acquisition of 1800 MHz/UMTS frequencies and numbering block | ||||
Sept. 16, 2008 | TeliaSonera Uzbek Telecom Holding B.V. | Takilant Limited | $9.200.000 | Parex Bank, Latvia | Mannheimer Swartling Dutch Request for Legal Assistance |
| Description: for acquisition of one million numbers and a network code | ||||
Feb. 2, 2010 | TeliaSonera via the trust account of Notariaat Hauthoff | Takilant Limited | $220.000.000 | Standard Chartered Bank, Hong Kong | Mannheimer Swartling Dutch Request for Legal Assistance |
| Description: for repurchase of 20 percent of shares of TeliaSonera Uzbek Telecom Holding B.V. | ||||
Jun. 15, 2010 | TeliaSonera Uzbek Holding B.V. | Zeromax GmbH) | $15.000.000 | Mannheimer Swartling | |
| Description: for acquisition of additional spectrum for 4G use in Uzbekistan | ||||
Dec. 16, 2010 | TeliaSonera Uzbek Holding B.V. | Takilant Limited | $55.000.000 | Lombard Odier, Switzerland | Mannheimer Swartling |
| Description: for acquisition of 700 MHz/LTE frequencies and long lease agreement of STM/Ethernet channels | ||||
Unknown | Takilant Limited | $75.000.000 | Mannheimer Swartling | ||
| Description: provision for remaining 6 percent | ||||
Eastwell
Payments by telecommunications companies to proxy companies | |||||
|---|---|---|---|---|---|
Date | Company | Karimova's Proxy | Amount | Bank | Source |
June 13, 2006 | Eastwell S.A. LLC | Finex Limited | $245.500 | Parex Bank, Latvia | OCCRP |
| Description: for technical support and consulting services (SDH network analysis) | ||||
June 14, 2006 | Eastwell S.A. LLC | Finex Limited | $103.820 | Parex Bank, Latvia | OCCRP |
| Description: for technical support and consulting services (market research) | ||||
June 15, 2006 | Eastwell S.A. LLC | Finex Limited | $250.680 | Parex Bank, Latvia | OCCRP |
| Description: for technical support and consulting services (management services) | ||||
July 3, 2006 | Eastwell S.A. LLC | Finex Limited | $98.020 | Parex Bank, Latvia | OCCRP |
| Description: for technical support and consulting services | ||||
July 6, 2006 | Eastwell S.A. LLC | Finex Limited | $151.973 | Parex Bank, Latvia | OCCRP |
| Description: for technical support and consulting services | ||||
Dec. 5, 2007 | Eastwell Invest Holding S.A. | Takilant Lmited | $3.000.000 | Parex Bank, Latvia | OCCRP |
| Description: for services | ||||