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The mysterious Scottish shell companies linked to an Uzbek business empire

New research shows that eight Scottish shell companies hold sizeable commercial interests in an Uzbek business conglomerate linked to the country’s president

The mysterious Scottish shell companies linked to an Uzbek business empire
President Shavkat Mirziyoyev | (c) ITAR-TASS News Agency / Alamy Stock Photo. All rights reserved
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On the ground floor of one of Southside Glasgow’s trademark sandstone tenements, opposite a 1970s parade of discount supermarkets and real estate offices, is the official headquarters of a firm called Yardrock Development.

The modest address, a branch of corporate services giant Mailboxes Etc, may not scream “millions”. Yet that is exactly what this business has – at least on paper.

A new investigation has revealed that Yardrock Development is a major investor in a conglomerate linked to the family of Uzbek president Shavkat Mirziyoyev.