Daughter of Eurasian Tycoon Joins Reported Dispute Over Financial Company

The feud between co-owners of the Eurasian Financial Company (EFCO) and the ERG corporation has deepened, with Mounissa Chodieva — daughter of Eurasian tycoon Patokh Chodiev — now officially drawn into the conflict, Orda.kz reports.

According to the Telegram channel Ruchnaya Ekonomika, the legal battle between the Chodiev and Ibragimov families has gained new momentum. It began when Shukhrat Ibragimov filed a lawsuit against EFCO, demanding enforcement of board decisions adopted in early June. Patokh Chodiev responded with his own claim — urging the court to annul those same decisions.

Now EFCO itself has launched a countersuit against board members Shukhrat Ibragimov and independent director Andrey Kopov, accusing them of overstepping their authority and declaring the June board resolutions invalid. In both cases — Ibragimov vs. EFCO and Chodiev vs. EFCO — Mounissa Chodieva has been added as a third party.

The judge has ordered the cases consolidated for joint review.

Mounissa Chodieva, a sitting EFCO board member alongside Ibragimov and Kopov, represents one of the three ownership blocs. The company is equally divided between the Ibragimov family (via Mukadaskhan Ibragimova), Patokh Chodiev, and the heirs of the late Alexander Mashkevich.

Chodieva previously held top positions at ENRC (co-founded by her father), served as director and trustee of the Chodiev Foundation, and sat on the board of Eurasian Bank.

She was also married to businessman Victor Hanna, an Egyptian-born partner of Patokh Chodiev who managed ENRC’s African operations. Hanna was linked to a financial scandal over the acquisition of the Konkoni manganese mine in South Africa. Shortly after that deal, Mounissa and her husband acquired a luxury mansion in London’s elite Mayfair district.

The internal dispute erupted shortly after Mashkevich’s death in March 2025. According to Western media, Shukhrat Ibragimov had attempted to buy out the other ERG stakeholders in exchange for alternative assets — an offer that was declined.

The collapse of those talks appears to have triggered the current legal standoff around EFCO.

Oriiginal Author: Nikita Drobny