Following Inoyatov’s money: The multi-million Euro mansion in Vienna

Rustam Inoyatov’s has used his posi­tion as chair­man of Uzbekistan’s nation­al intel­li­gence agency to build a real estate and busi­ness empire with prop­er­ties and com­pa­nies around the world. Rustam Inoyatov’s fam­i­ly owned a lux­u­ry vil­la in Vienna. The prop­er­ty was bought by Benif Handels a Vienna-based com­pa­ny found­ed by Sharif Inoyatov and Bakhtiyor Irgashev. After Benif Handels was liq­ui­dat­ed in 2011, Inoyatov’s fam­i­ly sold the lux­u­ry estate for 2.5 mil­lion euros.

An Uzbek investment in Austria

On 23 November 2005, a com­pa­ny called Benif Handels GmbH was incor­po­rat­ed in Austria. The com­pa­ny was estab­lished by three Uzbek nation­als: Sharif Inoyatov, Bakhtiyor Irgashev and Shavkat Mingaliev.

43-years-old Sharif Rustamovich Inoyatov is the son of Rustam Inoyatov, the pow­er­ful head of Uzbekistan’s National Security Service (SNB). Bakhtiyor Irgashev (born 1959) is Rustam Inoyatov’s broth­er-in-law: Irgashev is mar­ried to Inoyatov’s younger sis­ter. Shavkat Mingaliev is Sharif Inoyatov’s long-time friend and busi­ness partner.

Together, Rustam Inoyatov’s rel­a­tives owned 80 per­cent of the company’s shares (40% each). Managing direc­tor was Farida Mingalieva, Shavkat Mingaliev’s wife.

The 2.5 million Euro mansion of Inoyatov’s family

The offices of Benif Handels GmbH were on Sieveringer Strasse in Vienna. But the address of the reg­is­tered office was Bergzeile 3, 1170 Vienna, a lux­u­ry man­sion owned by Inoyatov’s rel­a­tives. After Benif Handels entered into liq­ui­da­tion in 2011, Sharif Inoyatov and Bakhtiyor Irgashev sold the prop­er­ty for 2.5 mil­lion euros.

The man­sion is locat­ed in one of the most exclu­sive and ele­gant res­i­den­tial areas in Vienna, at the west­ern end of the Hernals dis­trict, with­in walk­ing dis­tance of Vienna Woods.

Marble columns, gold decorations, indoor pool, fantastic views

It is a 600 meters square house, with 9 rooms and 2 sto­ries. The façade is dec­o­rat­ed with mar­ble columns, the stair­case is made from Italian mar­ble and the floor of the liv­ing room is dec­o­rat­ed with gold. The sec­ond floor offers a panoram­ic view over Vienna.

The man­sion fea­tures a lux­u­ri­ous­ly dec­o­rat­ed indoor spa area with a large pool, sauna and Jacuzzi. The prop­er­ty has a large pri­vate gar­den and an attached garage.

To be con­tin­ued

It is an open secret in Uzbekistan that Rustam Inoyatov is the actu­al own­er of Benif group. During the International Security Assistance Force (ISAF) mis­sion, Benif, whose CEO is Inoyatov’s broth­er-in-law Bakhtyor Irgashev, monop­o­lised exports of oil, gas and con­struc­tions mate­ri­als to Afghanistan. Benif is also a major con­struc­tion con­trac­tor and plas­tic cards manufacturer.

But like any oth­er oli­garch, Rustam Inoyatov invest­ed heav­i­ly abroad. OSI now has evi­dence that Inoyatov fam­i­ly owns prop­er­ties and com­pa­nies around the world. The 2.5 mil­lion euro man­sion in Vienna and Benif Handels are just the first examples.

Following Inoyatov’s mon­ey: The mul­ti-mil­lion Euro man­sion in Vienna

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