It has already been discussed previously that Norwegian Hydro Aluminium passed money through BVI-based intermediary in its deals with the Tajikistan Aluminium company.
Then, the case of the largest missing aluminium amount in the world was considered in the High Court in London. The loss was estimated at as high as USD 500 million per year. This money disappeared from the Tajikistan Aluminium Plant, whose principal trading partner is Hydro Aluminium, the state-controlled Norwegian aluminium producer.
The prehistory of the agreement between Hydro and Talco, most important industrial and trading enterprise in Tajikistan wholly owned by the Tajik government, has been described previously. Several years ago, Hydro sued Talco and won the case.
Now, Talco and CDH Investments, a company linked to this case and registered in the British Virgin Islands, are charged with unlawful conspiracy and theft. That is why, under the decision of the High Court in London, the case was moved to the British Virgin Islands jurisdiction.
It is also worth mentioning that a press release, issued through the Tajik news agency Asia-Plus on December 21, defends reassigning sales contracts and the tolling operations of the offshore cutout companies.