Uzbekistan: Uzbek media has reported the launch of a criminal investigation and financial audit of Akhangarancement, a cement plant that is 84% owned by Russia's Eurocement in Akhangaran, Tashkent province.
State investigators are focused on alleged tax evasion, theft of assets, reporting irregularities and illegal activities of managers. Akhangarancement's general director Denis Dotsenko has reportedly left the country.
According to local media, the investigation was motivated by illegal cement exports for the construction of the Rogun hydroelectric power plant and associated dam in neighbouring Tajikistan. The Rogun plant would significantly reduce water supply from the Syrdarya River, which is of vital importance for Uzbekistan's cotton production, its major export earner.
