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Wed Apr 8, 2020, 09:33 PM

Aleksandr Dadaev Is Known As The Turkmen President's 'Wallet.' His Next Title Might Be 'Inmate.'

After 12 years as one of the most trusted aides of Turkmenistan's mercurial president, speculation is rife as to why Aleksandr Dadaev suddenly left his influential post in Ashgabat.

Dadaev, who headed the powerful Union of Industrialists and Entrepreneurs of Turkmenistan, was an obvious favorite and trusted financial associate of Gurbanguly Berdymukhammedov, to the point of being referred to as the Turkmen president's "wallet."


A sudden retirement in Turkmenistan by a top official often precedes news that the official has been arrested and charged with serious crimes.


According to a 2018 report from Hronika Turkmenistana, a website operated by Turkmen activists in exile, Dadaev received an enormous loan from the Central Bank in 2007, more than $10 million, at an amazing rate of 5 percent interest with a two-year grace period to expand his Gush Toplumy poultry farm.


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