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Uzbekistan|opinion & analysis|June 12, 2014 / 01:12 PM
Some enterprises of Gulnara Karimova slowly coming back to life under different management

AKIPRESS.COM - Gulnara business Four months after the precipitous downfall of Gulnara Karimova, the eldest daughter of Uzbekistan’s leader Islam Karimov, the most visible arms of her former business empire still stand shuttered in Tashkent – although some enterprises are slowly coming back to life under different management, EurasiaNet reports.

Karimova has reportedly been under house arrest in Tashkent since February, after coming off worst in a power struggle with the influential head of Uzbekistan’s domestic intelligence service, Rustam Inoyatov, and her own mother Tatyana Karimova and younger sister Lola Karimova-Tillyayeva.

Nothing has been heard from the once powerful president’s daughter for three months, when she apparently smuggled a letter out to media complaining of ill treatment at the hands of her captors.

When the authorities isolated Karimova in February, businesses associated with her in Tashkent, from telecoms to retail and entertainment, were abruptly shuttered.

No shops are rushing to stock her luxury designer clothes and cosmetics range these days. The upmarket Tashkent outlet Begum, which once touted Karimova’s Guli-branded perfumes for $500 a bottle, stands padlocked (although elsewhere in the city the Fitness Spa Aesthetic Haven that she reputedly owned is back in business under new management).

The once popular Premier Cinema has shown nothing on its silver screen since it was hurriedly closed as the authorities moved against Karimova in February. In early June, there were laborers at work inside – suggesting a grand re-opening may be in the offing.

In another sign of a shake-up at Gulnara-related interests, Uzbekistan-bottled Coca Cola has all but disappeared from stores in Tashkent, leaving customers reaching for local alternatives such as Libella or Fensi.

The firm’s Uzbekistan branch, Coca-Cola Ichimligi Uzbekiston, is linked to Karimova through her former husband, Mansur Maqsudi, once a Coca-Cola Uzbekistan executive. According to the Uznews.net website, after their acrimonious divorce, “Karimova assumed control of Coca-Cola's Uzbek venture.”

A company source said that work is continuing as normal at the bottling factory. A Coca-Cola Ichimligi Uzbekiston official, contacted by telephone on June 10, declined to comment on company operations.

Meanwhile, Uzbekistan’s telecoms market – one of the keys to Karimova’s downfall (she is a suspect in a money-laundering case in Switzerland and connected to a graft probe in Sweden relating to her affairs in the sector) – is expecting a makeover. Russian company MTS, which exited Uzbekistan acrimoniously in 2012 amid a row with Tashkent, said last month it may be back this year.

That may mark a return to business as usual in Uzbekistan’s investment climate, but the ongoing divvying up of Gulnara-related assets suggests she will not be playing a role any time soon.

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