All news on the topic: Octobank

Octobank is an Uzbek bank which name has recently surfaced in a number of scandals related to the withdrawal of Russian capital from sanctions.

Although the owner of the Uzbek Octobank is formally listed as the bank’s chairman of the board, Iskandar Tursunov, who owns 99.16% of the shares, in fact, the beneficiaries of Octobank are the family of the country’s current president, Shavkat Mirziyoyev.

As a number of Telegram channels recently reported, the Uzbek Octobank is used to withdraw and legalize money from Russia.