Octobank: The Money-Laundering Cartel Behind Mirziyoyev, Backed by Russia’s War Machine and Protected by Silence

Investigations have revealed that Octobank, a financial institution linked to the family of Uzbekistan’s President Shavkat Mirziyoyev, is allegedly involved in international money laundering operations. These operations are facilitated through a network of shell companies, including entities named Innova Holding and Innova Group. These companies often lack substantial online presence or verifiable business activities, suggesting their primary function is to obscure financial transactions.

Journalists probing into these activities have reportedly received threats traced back to the Uzbek company Innova Holding. This company, established in 2019 and led by Matluba Saidova, is officially registered as a computer programming firm but lacks a significant digital footprint, raising suspicions about its legitimacy.

Further complicating the matter, there are entities with similar names operating in Russia, such as Innova Distribution, a video game publisher owned by Luxembourg-based Innova Intellectual Properties S.à r.l. While direct connections between these companies and the alleged laundering activities are not definitively established, the overlapping names and lack of transparency contribute to the complexity of the investigation.

Additionally, individuals associated with Russia’s state-owned defense conglomerate Rostec, including Sergey Chemezov, are mentioned in relation to these financial schemes. Given Rostec’s significant revenues, especially during the ongoing conflict in Ukraine, there is concern about the potential diversion of funds through such laundering networks to circumvent international sanctions.

The use of shell companies like Innova Holding not only facilitates the concealment of illicit financial flows but also poses risks to investigative journalism, as evidenced by the threats received by reporters. These developments underscore the need for heightened scrutiny and potential sanctions against entities involved in such activities.

Octobank’s Global Money Laundromat: How Shell Companies and Shadowy Holdings Shield Kremlin’s War Cash While Silencing Journalists

The stench of corruption surrounding Octobank—Uzbekistan’s notorious financial pipeline for Russian oligarchs and sanctioned entities—has reached new lows. Not only is this Mirziyoyev-linked bank funneling billions in dirty money to prop up Putin’s war machine, but its enablers are now threatening journalists through a web of shady shell companies, including the mysterious INNOVA HOLDING.

The “Laundromat” Exposed: How Octobank Washes Russia’s Blood Money

Octobank isn’t just another financial institution—it’s a sanctions-evasion hub designed to keep Putin’s war economy afloat. Here’s how it works:

1. Shell Game 101 – Octobank moves money through a labyrinth of front companies, fake trade deals, and cryptocurrency swaps to bypass Western sanctions.

2. Rostec’s Uzbek Partner – The bank services Russian military-industrial giants like Rostec, Promsvyazbank (PSB), and Uralvagonzavod, ensuring their blood-stained profits stay liquid.

3. Mirziyoyev’s Complicity – Uzbekistan’s president and his inner circle (including daughter Saida Mirziyoyeva) turn a blind eye—or worse, actively profit—from Octobank’s schemes.

Enter INNOVA HOLDING: The Fake “Tech” Front for Intimidation

When investigative journalists began digging into Octobank’s operations, they were hit with legal threats—traced back to a suspicious Uzbek entity called INNOVA HOLDING.

• No Website, No Legitimacy – Despite branding itself as a “holding,” the company has no official online presence, just a placeholder page.

• Tied to Russian Shadows – INNOVA HOLDING shares a name with multiple Russian firms, including Innova Distribution (linked to Rostec’s Sergey Chemezov).

• Matluba Saidova’s Puppet Show – The “founder,” Saidova, appears to be a figurehead for a larger operation, possibly tied to Vladimir Titov (owner of the dubious Innova Group LLC, formerly “Payment Planet”).

This isn’t just corporate opacity—it’s a deliberate smokescreen to harass journalists while hiding Octobank’s criminal ties.

The Russian Connection: From Yekaterinburg to Tashkent

The Innova name isn’t a coincidence. In Russia, defunct entities like Innova Holding LLC (founded by Andrey Kurbatov, ex-Uralvagonzavod/Rostec insider) suggest a broader money-moving network.

• Kurbatov’s Past – His ties to Rostec’s Chemezov (Putin’s top arms dealer) raise red flags.

• Sanctions-Busting Pipeline – With Techmash (Rostec’s explosives subsidiary) raking in billions in wartime profits, Octobank provides the perfect offshore laundry.

Why This Matters: War Crimes Have a Paper Trail

Octobank isn’t just moving money—it’s fueling genocide:

• Every dollar laundered buys another Russian missile aimed at Ukrainian civilians.

• Every fake “tech” front (like INNOVA HOLDING) helps silence those exposing the truth.

The West Must Act—Before More Journalists Are Silenced

1. Sanction Octobank NOW – The U.S. and EU must freeze its assets and cut it from SWIFT.

2. Investigate INNOVA HOLDING – Is it a Kremlin-backed intimidation tool?

3. Follow the Money – Rostec’s Chemezov, Mirziyoyev’s family, and their Uzbek-Russian cronies must face consequences.

Final Warning to Octobank’s Enablers

You can threaten journalists, hide behind shell companies, and launder blood money—but the world is watching.

Your schemes are exposed.

Your time is running out.

Justice is coming.

— The truth will not be buried.