Prime Minister Olzhas Bektenov has instructed that a mechanism be developed to eliminate risks for citizens when concluding shared-equity construction contracts.
According to Informburo.kz, he noted that many developers continue to attract funds from equity holders in circumvention of the law and without providing guarantees.
At the same time, the head of government instructed the Ministry of Industry to work with deputies on all aspects of the draft law to strengthen control over the attraction of funds from equity holders.
Recall that at the beginning of October, it was reported that in the West Kazakhstan Region, fraudulent developers used deceptive schemes to obtain money from citizens, with no intention of fulfilling their obligations. The damage from their actions amounted to 490.8 million tenge.
Later, it became known that in Astana, law enforcement officers are investigating criminal cases against 12 developers.
In November, in the Aktobe region, several developers were held criminally liable. For example, the director of 'Andora Construction' LLP, without obtaining permission from the local executive body to attract funds from equity holders, sold apartments to 25 citizens for 313 million tenge using fictitious contracts. Court No. 2 of Atyrau found the company's director guilty and sentenced him to 5 years in prison.