WORLD BRIEFING / TAJIKISTAN
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A chairman of Tajikistan’s central bank diverted $856 million to a firm run by himself and his family, according to an independent audit on the bank’s website.
The Ernst & Young audit said that under Murodali Alimardonov’s stewardship from 1996 to 2008, the Tajikistan National Bank paid about $856 million to his Credit-Invest firm, a general-purpose investment concern.
Gross financial irregularities are common in the former Soviet republic, which borders China and Afghanistan in central Asia. The International Monetary Fund last year demanded repayment of $47 million in loans amid charges that Tajik authorities doctored data on national reserves.
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