The debt of the aluminum company “TALCO” is increasing

The debt of a company close to the president’s family to “Barki Tojik” amounted to nearly half a billion somoni.

Photo: Internet

On February 13, representatives of the State Enterprise “Electricity Distribution Networks,” a subsidiary of “Barki Tojik,” informed journalists at a press conference that the debt of the state unitary enterprise “Tajik Aluminum Company” (TALCO) has reached nearly 500 million somoni. In fact, the owner of “TALCO” is Hasan Asadullozoda, the brother-in-law of Emomali Rahmon.

According to representatives of “Barki Tojik,” in 2022 alone, TALCO’s debt increased by 97 million 600 thousand somoni. The company’s debt over the past years amounted to 389 million 400 thousand somoni, and the total debt of this company is 487 million somoni (about 48 million dollars). In this regard, TALCO ranks first on the list of debtors.

At the same time, “Barki Tojik” supplies electricity to TALCO at the lowest prices in the country. However, despite this, due to the fact that this company is controlled by a close relative of Emomali Rahmon and most of the company’s income goes to the president’s brother-in-law, no one dares to demand repayment of the debt.

TALCO, as well as several subsidiaries of this company, taking advantage of their closeness to the family of Emomali Rahmon, refuse to pay off debts for consumed electricity, taxes, etc.

Two years ago, it was reported that TALCO denied the information about having a large debt to “Barki Tojik.” At that time, “Barki Tojik” stated that among the major debtors of the energy holding was TALCO, which owed 415 million somoni (over $40 million) for electricity consumption.

It turns out that over the past two years, TALCO has not repaid its debt, and moreover, its debt to “Barki Tojik” has increased.