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TASHKENT (TCA) — As international attention is being focused on new foreign policy and economic priorities of the new Uzbek president, we are republishing this article by Umida Hashimova, originally published by The Jamestown Foundation’s Eurasia Daily Monitor: Continue reading
LONDON (TCA) — “Classical” cases such as the massive amounts of money embezzled by former BTA bank chief Mukhtar Ablyazov and ex-mayor of Almaty Viktor Khrapunov have been haunting Kazakh law enforcers for well over a decade. But white collar crime, meaning not bribes and extortions but straightforward swindle and theft, have become endemic in Kazakhstan during the last couple of years. Continue reading
BISHKEK (TCA) — In Kazakhstan, a crooked private entrepreneurial sector emerged in the early years of independence and “poisoned” the state-run part of the economy. In Kyrgyzstan and Tajikistan, the opposite happened as corrupt regimes entangled the private sector, forcing entrepreneurs to comply with white collar crime in state echelons and thus become involved in it themselves. The case of Uzbekistan is more complicated, since it appears to involve international fraud chains along with local culprits. Continue reading
OSH, Kyrgyzstan (TCA) — Traumatized by a six-year civil war and next door to terror-haven Afghanistan, Tajikistan seems to be a most unlikely place for uppity crime to flourish. Yet, it does. In contrast to most other former Soviet republics, where white collar crime in the private sector and state corruption have developed independently, Tajikistan is an example of endemic fraud in the private sector which originates from embezzlement of state funds. Continue reading
BISHKEK (TCA) — As the United Nations Economic and Social Commission for Asia and the Pacific (UN ESCAP) organized the Ministerial Conference on Transport from 5-9 December in Moscow, Russia, we are publishing this article by Dr. Shamshad Akhtar, the UN ESCAP’s Executive Secretary: Continue reading
BISHKEK (TCA) — White collar crime is a global problem, but there is no such thing as a global solution. Transnational law is powerless and even often abused by criminals rather than helping to bring them to justice. This means that national jurisdictions can only prosecute and try major-scale fraudsters and embezzlers on their territory, while the perpetrators freely move themselves and their bounties in offshore havens. This article is the first part of a series of four articles covering the issue in Central Asian countries. Continue reading
