General Motors Uzbekistan scandal

As not seen on American TV.

“An investigation into GM Uzbekistan has led to so far to the detention in late April of the company’s general director, Tohirjon Jalilov, and the questioning of deputy prime minister Ulughbek Rozikulov. Although little is being made officially public about the case, it is understood that the main charges center around an alleged scheme to resell cars intended for export on the local market. Since the vehicles sell for higher prices in Uzbekistan than in Russia, where the GM Uzbekistan exports much of its goods, it is believed the management were pocketing the difference.

“The cars involved in the alleged scheme may have numbered in the multiple thousands, so the suggestion that a sudden drop in dollar transactions for GM Uzbekistan vehicles has caused a knock-on effect in the currency market may not be such a stretch.”

http://www.eurasianet.org/node/78816