Full name:
Makhmudov lskandar
Makhmudov lskandar Date of Birth
5 December 1963
Makhmudov lskandar Citizenship
Russia
Makhmudov lskandar Professional field/official position
President of the Ural Mining and Metallurgical Company (UMMC)
Makhmudov lskandar biography
MAKHMUDOV Iskandar Kakhramonovich (born in 1963 in Bukhara) graduated from the Arabic department of the Faculty of Oriental Studies of Tashkent State University in 1984. From 1984 to 1986, he worked in Libya as a translator for a group of Soviet military advisers and specialists from the Main Engineering Directorate of the USSR State Committee on Foreign Economic Relations. From 1986 to 1988, he continued to work as a translator in Iraq in the Office for the Construction of Military Facilities of the Iraqi General Staff.
- From 1991 to June 1994, he served as Deputy Director of Marketing at AO “Alis”. From July 1994 to February 1996, he was the Director of AOZT “Industrial-Financial Company” Meta Service».
- In 1996, Mahmudov became CEO of the Gaysky mining and processing plant – the foremost enterprise in the Urals for extracting copper ore.
- In 1999, he and his partners established the Ural Mining and Metallurgical Company (UMMC), and he has been the president since then.
- In 2001, he served as a member of the Board of Directors at Uralelectromed (located in Verhnyaya Pyshma in the Sverdlovsk region).
- In 1988, he returned to Tashkent and worked for the state joint-stock company Uzbekintorg until 1990. There, he met Leo and Mikhail Cherny, who owned aluminum and coal businesses. Later, he moved to Moscow and became a partner in the Trans World Group (TWG), owned by the Cherny brothers. As reported by the media, “in 1993, Makhmudov left TWG, remaining a partner of Mikhail Cherny in other projects, and in 1994, he started buying shares of copper enterprises.”
- In 1994, he took part in the privatization of the Pavlodar aluminum smelter in Kazakhstan. In 1996, he led the leading enterprise in the Urals for extracting copper ore, the Gaisky Mining and Processing Plant. From 1998 to 1999, with the support of Mikhail Cherny, Makhmudov established the Ural Mining and Metallurgical Company (UMMC). In the late 2000s, the media reported about the UMMC as a holding company comprising about 30 enterprises in ten regions of Russia and controlling about 40 percent of Russian cathode copper production, a quarter of the domestic non-ferrous metal market, and over half of the European copper market powders.”
- In the early 2000s, Makhmudov also focused on carriage production. With Dmitry Komissarov, he established the Transmashholding. In 2003, the holding acquired the Novocherkassk Electric Locomotive Plant (NEVZ), a leading producer of freight electric locomotives. Then he gained controlling interests in the Tver Carriage Works, and subsequently, the Demikhovsky Machine-Building Plant (producer of electric trains). By 2006, Transmashholding became the largest producer of railway rolling stock in Russia, which included about a dozen engineering enterprises.
- In 2008, Makhmudov became a co-founder of the Unified Food Network (ESP), a network of catering facilities for train passengers. In 2010, Makhmudov and his partner Andrei Bokarev bought a stake in Aeroexpress LLC, an operator of rail transportation services between Moscow and airports. In 2011, together with Bokarev, they became owners of Central Suburban Passenger Company, which provides suburban transportation in Russia. In 2012, partners also acquired 13% of Transoil LLC, one of the largest railway carriers of oil and oil products.
Iskander Makhmudov alone controls almost half of Russia’s copper production, two-thirds of zinc production, and a quarter of non-ferrous metals processing. His holding is the eighth largest producer of wagons and locomotives worldwide. Ural Mining and Metallurgical Company (UMMC), a former president of which is Makhmudov, includes dozens of companies in 30 regions of Russia: from the Far East to Vladimir.
Makhmudov has been married twice. Makhmudov parted with his former wife before moving to Moscow, but according to some sources, he spends a lot of time with his son from the first marriage.
Sources: www.svdevelopment.com
Makhmudov lskandar crimes
National and cross-border corruption, economic crimes, participation in organized crime, gross interference in foreign affairs.
The media connect Iskandar Makhmudov with the activities of the Izmailovsky organized crime group, as well as Gennady Timchenko, a member of Putin’s inner circle. Law enforcement agencies in several European countries also suspect Iskandar Makhmudov of having connections with organized crime groups. In 2008, when Mikhail Cherny and Oleg Deripaska were in a legal battle in the High Court of London, Iskandar Makhmudov was mentioned as a partner of Cherny. Mikhail Chernoy is considered a member of an organized criminal group.
Makhmudov lskandar, links and material
In 2000 Makhmudov's name was linked to the Kachkanar GOK “Vanadium” scandal. In 1999 Makhmudov entrusted the business operations to his childhood friend Jalol Haidarov. However, Mahmudov became dissatisfied when Khaidarov wanted to become the sole owner of the company. Mahmudov believed that Khaidarov took 72% of the GOK's shares and initiated a trial in which the legitimate rights of the shareholders were recognized. Khaidarov disagreed, and in response, Mahmudov arrived at the company with the police officers. Khaidarov rallied a crowd of workers and retirees against him, convincing them that Mahmudov intended to shut down the plant. Makhmudov dispersed the crowd with water cannons at 20 degrees Celsius below. The incident was widely publicized in the media. After using water cannons, the police officers took control of the enterprise, and it was transferred to Makhmudov.
Source: www.svdevelopment.com, 2000
Khaidarov went abroad after the dismissal of the GOK’s general director, and there joined forces with another ex-tycoon Mikhail Zhivilo; the latter sued in the U.S. with the owners of Rusal for the Novokuznetsk Aluminum Plant. They filed a claim for a total of $3 billion, alleging racketeering and corruption, and demanded three times the payment to the victims in the Federal Court in New York in 2001. However, the court refused to consider it in 2003.
Source: “Vedomosti” from 09.11.2004
In 2004 Khaidarov brought a new case to the U.S. court against Makhmudov. This time, the amount of the claim was half as much. The new case did not impact Makhmudov's business.
Source: “Vedomosti” from 09.11.2004
Shortly after seizing Kachkanar GOK, Makhmudov took control of the Nizhnesadinsky Metallurgical Complex. Andrei Kozitsyn led the attackers and was appointed the new CEO of Kachkanar GOK by Makhmudov. The operation was very similar to the GOK seizure. The company CEO Damir Gareev and five deputies were locked in the staff room without a telephone connection, while the invaders took away documents and company stamps. Workers attempting to enter the enterprise were again doused with water. Gareev was compelled to leave the plant.
Source: “Kommersant» # 15 (1900) on 02/02/2000
The venture «Karabashmed» was also a means of power struggle for Mahmudov. Makhmudov aimed to prevent the formation of a single “copper” holding in Russia based on the Kyshtym Electrolytic Copper Plant («KMZ»). It was intended to unite «Karabashmed» and several other enterprises. The project initiators were the head of Bashkortostan Murtaza Rakhimov and Chelyabinsk Governor Pyotr Sumin, posing strong competition for Makhmudov. A number of UMMC companies supplied raw materials to «KMZ», prompting Makhmudov to reduce their influence.
Source: “Kommersant» # 88 (1973) on 19/05/2000
Specifically, they decreased supply from the Gaysky GOK (UMMC member) to «Karabashmed». Acquiring the Karabash copper-smelting plant was a method of pressuring «KMZ».
Source: “Kommersant» # 93 (2223) on 31/05/2001
In September 2001, it was reported that the “influential” entrepreneur Anton Malevsky (Anton Izmailovsky) died while parachuting in South Africa. In 2001, Haydarov and Zhivilo filed a $3 billion lawsuit against Makhmudov in the New York Court, alleging that he, along with partners Michael Cherny and Oleg Deripaska, used Malevsky in negotiations regarding the fate of Kachkanar GOK, where he acted as a “threat”.
Source: “Kommersant» # 205 (2335) on 09/11/2001
One of the scandals linked to Makhmudov was the divorce of steel magnate Alexei Mordashov from his wife Elena. When Mordashov announced his intentions to fight Mahmudov for the «Kuzbassugol» enterprise, Elena Mordashova accused her ex-husband of inadequate child support.
Source: “Profile” on 11/09/2001
The Nikulinsky District Court in Moscow, while reviewing Mordashova's case, seized a 32.5% stake in Severstal as an interim measure. Mordashov was the head of the company. The petition claimed those shares of Mordashov.
Source: Vedomosti on 16.08.01
Mordashov suspected that Makhmudov may have been involved in these events when prosecutor Vladimir Ponevezhsky became involved in the alimony matter. He had previously assisted in removing Jalol Haydarov, the former director of Kachkanar GOK, from his post. Makhmudov assumed that if Mordashova sued her ex-husband for anything, he would likely want to purchase it.
Source: “Profile” on 11/09/2001
In 2005, the prosecutor of Bashkiria instituted a criminal case for causing very serious injury to the Bashkir copper sulphate plant (BMSK)managed by UMMC . The stake in BMSK owned by the government of Bashkiria, was transferred to the trust management by UMMC in 2004. Since then, its debt has increased significantly. UMMC is also suspected of the withdrawal of the assets of the company and its deliberate bankruptcy.
Source: “Kommersant” from 17.11.2005
In March 2009 in the Saratov region opened a criminal case against OAO «Transmash» for failure in its tax liabilities. No specific charges havet been instituted. The enterprise did not deny that it had not paid the taxes, and referred to the fact that had been an essential measure for the development of the production. Since 2007, the owners of the controlling stake of the company became GC “TransGroup” and “Transkreditbank”, one of its principal owners is Makhmudov.
Source: Kommersant (Saratov) # 58 (4113) on 02/04/2009
