Originally Syndicated on March 26, 2023 @ 9:18 am
Birth: December 5, 1963
Citizenship: Russia
Professional discipline or office capacity: Founder and CEO of Ural Mining and Metallurgical Corporation (UMMC)
Table of Contents
Biography of Makhmudov
In 1984, Makhmudov Iskandar Kakhramonovich earned his degree in Arabic from Tashkent State University’s Faculty of Oriental Studies. He served as a translator for a team of Soviet military advisers and experts from the Chief Engineering Directorate of the USSR State Council on Foreign Economic Relations in Libya between 1984 and 1986. He continued to serve as a translator for the Iraqi General Staff’s Office for the Development of Military Facilities in Iraq from 1986 to 1988.
In 1996, Mahmudov became CEO of the Gaysky mining and processing plant, the leading firm in the Urals for the extraction of copper ore.
Makhmudov Iskandar founded the Ural Mining and Metallurgical Corporation (UMMC) in 1999 along with his business partners, and he has served as its president ever since.
Makhmudov lskandar served on the Board of Directors for Uralelectromed in 2001. (g., Verhnyaya Pyshma in the Sverdlovsk region).
Makhmudov Iskandar moved back to Tashkent in 1988, where he worked for the state joint-stock enterprise Uzbekintorg from 1988 to 1990. Leo and Mikhail Cherny, brothers with enterprises in coal and aluminum, were among the people he met there. Afterward, he relocated to Moscow and joined the Cherny brothers’ Trans World Group (TWG) as a partner. Media reports state that Makhmudov “left TWG in 1993, staying Mikhail Cherny’s partner in other projects, and in 1994, he started accumulating shares of copper firms.
Makhmudov Iskandar was engaged in the 1994 privatization of Kazakhstan’s Pavlodar aluminum plant. He served as the director of the Gaisky Mining and Processing Plant, the Urals’ top copper ore extraction business, in 1996. Mikhail Cherny helped Makhmudov establish the Ural Mining and Metallurgical Corporation (UMMC) in 1998–1999. In the late 2000s, the UMMC was described in the media as a holding company that combined the assets of about 30 companies in ten Russian regions, controlling the production of about 40% of Russian cathode copper, a quarter of the domestic non-ferrous metal market, and more than half of the European copper market powders.
Makhmudov Iskandar was interested in the carriages production in the early 2000s. He founded Transmashing along with Dmitry Komissarov. The Novocherkassk Electric Locomotive Factory (NEVZ), a monopoly manufacturer of freight electric locomotives, was acquired by the holding in 2003. He then purchased majority ownership positions in the Tver Carriage Factory and the Demikhovsky Machine-Building Company (a manufacturer of electric trains). Transmashholding, which encompassed roughly a dozen engineering firms, rose to the position of being Russia’s largest producer of railroad rolling equipment by 2006.
Makhmudov Iskandar joined the Unified Food Network (ESP), a network of dining cars for train patrons, as a co-founder in 2008. In 2010, Makhmudov Iskandar and his business partner Andrei Bokarev acquired stock in Aeroexpress LLC, a provider of train services between airports and Moscow. They acquired ownership of the Russian suburban transportation company Central Suburban Passenger Company in 2011 along with Bokarev.
About half of Russia’s production of copper, two-thirds of that of zinc, and a quarter of that of rolled non-ferrous metals are under the sole control of Makhmudov Iskandar. His company is the eighth-largest manufacturer of locomotives and carriages. Makhmudov Iskandar served as the former president of the Ural Mining and Metallurgical Corporation (UMMC), which has dozens of businesses spread throughout 30 different Russian regions, from the Far East to Vladimir.
Makhmudov Iskandar has had two marriages. Before relocating to Moscow, Makhmudov split from his ex-wife, but some sources claim that he still spends a lot of time with their kid from the prior union.
Flagrant meddling in global affairs
The Izmailovsky-organized criminal group’s activities, as well as those of Gennady Timchenko, a member of Putin’s inner circle, are linked to Iskandar Makhmudov in the media. Makhmudov Iskandar is also under suspicion by law enforcement authorities in a number of European nations for ties to organized crime organizations. Iskandar Makhmudov was identified as a partner of Mikhail Cherny in 2008 during their legal dispute in the High Court of London. It is believed that Mikhail Chernoy belongs to an organization of criminals.
Money Laundering
Iskandar Makhmudov and two of his former business associates, Oleg Deripaska and Mikhail Cherny, were charged by Spanish law enforcement in 2009 with laundering money obtained illegally in Spain. Investigators claim that cash was laundered through Vera Metallurgica, a division of UMMC that is owned by Makhmudov, Deripaska, and Cherny. It is noteworthy that a Spanish court sent a money laundering case to the Russian prosecutor general in 2011. However, the criminal investigation was closed in October 2017 due to a lack of corpus delicti by the investigative division of the Russian Federation’s Ministry of Internal Affairs.
2016 saw the publication of investigative journalist Konstantin Rubakhin’s report on the theft schemes and money withdrawals by the co-owners of the UMMC business. The inquiry found that Iskandar Makhmudov and other co-owners of the organization used the UMMC in a criminal plot to capture a number of European luxury properties and metal processing companies.
Involvement in organized crime
Makhmudov Iskandar was identified in the Mediapart investigation as “an oligarch close to Putin” who had contracted with a firm that offers security services to high-ranking individuals in France to protect his family and assets there in February 2019. Alexander Benalla, who at the time had a job with the French presidential administration, was allegedly the mediator in the contract signing, according to Mediapart. These contracts may jeopardize the interests of the state and the security of the head of state, according to the French Senate’s investigation commission.
Links and content
Makhmudov lskandar’s name was connected to the Kachkanar GOK “Vanadium” scam in 2000. Jalol Haidarov, a buddy from their youth, was given the reins of the company in 1999 by Makhmudov. But Khaidarov’s desire to be the sole owner of the business soon infuriated Mahmudov.
Mahmudov brought a lawsuit alleging that Khaidarov had transferred 72% of the shares to the GOK, and the court upheld the shareholders’ legal rights. Khaidarov objected, and as a result, Mahmudov and the police officers showed up at the gathering. Khaidarov faced off against a group of employees and pensioners who had previously been convinced Mahmoud intended to demolish and shut down the facility. At 20 degrees below, Makhmudov lskandar fired water cannons to scatter the crowd. Images of the incident circulated around the media, shocking everyone. Police entered the business after deploying water cannons, and Mahmudov took control of it.
Website: SV Development, 2000
After the general director of the GOK was fired, Khaidarov left the country and teamed up with Mikhail Zhivilo, another ex-businessman; the latter sued in the United States alongside the owners of Rusal for the Novokuznetsk Aluminum Plant. In 2001, they filed a claim in the Federal Court in New York for a total of $3 billion for the racketeering and corruption they had engaged in, implying a three-time payment to the victims. Yet in 2003, the court declined to take it into account.
Source: “Vedomosti,” dated November 9, 2004.
Makhmudov was the target of a new lawsuit brought by Khaidarov in 2004. The amount of the claim was two times less at this point. The new lawsuit had no impact on Makhmudov’s business.
Source: “Vedomosti,” dated November 9, 2004.
The attacks were commanded by Andrei Kozitsyn, whom Mahmudov had chosen as the new CEO of Kachkanar GOK. The operation’s plan was quite similar to how GOK was taken. The intruders stole company records and stamps as company CEO Damir Gareev and five of his deputies were trapped in the staff room without a phone connection. Workers who attempted to enter the company’s property once more were sprayed with water. Gareev was made to evacuate the facility.
Source: “Kommersant” # 15 (1900), dated February 2, 2000.
The project “Karabashmed” served as a tool for Mahmudov’s power struggle as well. Makhmudov wanted to prevent Russia from developing a single “copper” holding based on the Kyshtym Electrolytic Copper Plant (elop). It was intended to bring together “Karabashmed” and several other businesses. Murtaza Rakhimov, the president of Bashkortostan, and Pyotr Sumin, the governor of Chelyabinsk, were responsible for starting the project. Makhmudov might have faced formidable rivals as a result. Mahmoud agreed to restrict the number of UMMC companies that supplied raw materials to the “KMZ” industries.
Source: “Kommersant” #88 (1973), accessed May 19, 2000
In particular, they switched over to the “Karabashmed” from the Gaysky GOK (a member of the UMMC). The purchase of the copper-smelting facility in Karabash was used to exert pressure on the «KMZ».
“Kommersant” # 93 (2223), May 31, 2001
In September 2001 it became known about the death of a “authoritative” entrepreneur Anton Malevsky (Anton Izmailovsky) – he crashed jumping with a parachute in South Africa. Haydarov and Zhivilo sued Mahmudov for $ 3 billion in the New York Court in 2001, alleging that Mahmudov, together with partners Michael Cherny and Oleg Deripaska, had used Malevsky as a “threat” in negotiations over the future of the Kachkanar GOK.
“Kommersant” # 205 (2335), September 11, 2001
Steel magnate Alexei Mordashov and his wife Elena’s divorce was one of the scandals connected to the name Makhmudov. Elena Mordashova accused her ex-husband of not paying enough child support after Mordashov declared his intention to fight for Mahmudov’s company “Kuzbassugol”.
‘Profile’ on November 9, 2001
As a temporary remedy, the Nikulinsky District Court in Moscow, which is hearing the lawsuit filed by Mordashova, took a 32,5% share in Severstal; Mordashov was the company’s CEO. These Mordashov shares were alleged in the petition.
Vedomosti, 16 August 2001
As prosecutor Vladimir Ponevezhsky became interested in the alimony issue—the director of the Kachkanar GOK had once been ousted from his position with his help—Mordashov predicted that Makhmudov might have been implicated in such a turn of events. Makhmudov believed that if Mordashova were to sue her ex-husband for anything, he would probably want to purchase that item.
‘Profile’ on November 9, 2001
A criminal investigation was launched by the Bashkir prosecutor in 2005 for inflicting extremely substantial damage to the UMMC-managed Bashkir copper sulphate facility (BMSK). The share in BMSK owned by the government of Bashkiria, was transferred to the trust administered by UMMC in 2004. Its debt has dramatically grown since then. UMMC is also suspected of the company’s intentional bankruptcy and the removal of its assets.
Reference: “Kommersant” of November 17, 2005
OAO “Transmash” was the subject of a criminal investigation for unpaid taxes in the Saratov region in March 2009. No particular charges have been instituted. While acknowledging that it had not paid taxes, the business pointed out that doing so had been a crucial step in the growth of its operations. Since 2007, GC “TransGroup” and “Transkreditbank” have owned the majority of the company’s stock; Makhmudov is one of these owners.
For more articles visit the below link
FOR MORE ARTICLES ON CRIMINAL AFFAIRS
1. Dion Welton: Sentenced For Prison – The Dirt
2. The secret luxury of the SBU officer Artem Shilo – The Dirt
