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Rahmon has reopened the enterprise confiscated from Zayd Said
Emomali Rahmon and his son have once again put into operation one of the enterprises that was previously confiscated from the well-known entrepreneur Zaid Said, who was sentenced to a long term 10 years ago. According to official data, on October 31, 2023, the President of Tajikistan Emomali Rahmon and his son, the chairman of […]
Emomali Rahmon and his son have once again put into operation one of the enterprises that was previously confiscated from the well-known entrepreneur Zaid Said, who was sentenced to a long term 10 years ago.
According to official data, on October 31, 2023, the President of Tajikistan Emomali Rahmon and his son, the chairman of Dushanbe Rustam Emomali, opened the Open Joint Stock Company “Gulistoni Dushanbe” after reconstruction.
After reconstruction, the OJSC “Gulistoni Dushanbe” has “established the operation of 3 new modern technological lines, on which men’s and women’s suits, trousers, and shirts are sewn,” the statement notes.
The founder and co-owner of this large industrial enterprise was the disgraced businessman Zaid Said. At that time, the enterprise employed more than 1000 people who worked in three shifts. The enterprise produced denim trousers and shirts made of cotton fabric. The products were mainly exported, particularly to Russia and Europe.
However, now, according to Emomali Rahmon, 470 people will be employed at the factory and they will work only in one shift. According to Emomali Rahmon, the factory has “for the first time started the production of men’s and women’s trousers and suits using modern technologies from world-renowned companies.”
In 2003, Ukrainian billionaire Dmitry Firtash and former Minister of Industry and entrepreneur Zaid Said privatized and purchased the sewing factory “Guliston” in Dushanbe. Firtash controlled 95% of the company’s shares, while the remaining 5% were held by relatives of Zaid Said.
The enterprise operated until 2013. In May 2013, Zaid Said was arrested and subsequently sentenced to 29 years in prison. After that, the authorities confiscated all the property and assets of the businessman. In particular, in 2014, the sewing factory “Guliston” was confiscated and nationalized.
The well-known Tajik businessman and leader of the unregistered party “New Tajikistan,” Zaid Said, was arrested by employees of the Agency for State Financial Control and the Fight Against Corruption in May 2013 at Dushanbe International Airport, immediately after his return from France. Later, the court found him guilty of committing a number of offenses and sentenced him to 29 years in prison.