The Department of the Financial Monitoring Agency (FMA) of the Almaty Region has completed an investigation into a case of particularly large-scale fraud in the construction of apartment buildings in the city of Kaskelen.
According to the press service of the agency, the directors of Toredo LLP, lacking a construction licence, permits and project estimate documentation, actively advertised the construction of residential complexes HOME, HOME South, HOME SAU and HOME MAK on social media.
Despite the absence of a mandatory guarantee from the Single Operator for Housing Construction, they used targeted advertising to attract over 972 million tenge from more than 100 citizens.
At the same time, construction work was carried out with violations and was not completed within the set deadlines. As a result, the equity holders turned to law enforcement agencies.
By court order, assets of the suspects worth over 240 million tenge were seized. The assets include 12 land plots, 9 cars, an unfinished three-storey building and a private house.
The suspects are currently in custody. The case has been sent to court.
It will be recalled that in January it was reported that in Almaty, the directors of one LLP were suspected of embezzling 2.5 billion tenge from equity holders. The four suspects did not have the right to build residential complexes or attract funds from potential buyers. 312 people were recognised as victims in the case.
In April, the prosecutor's office of the Aktobe Region sent to court a case concerning the embezzlement of 421 million tenge from 75 equity holders of the housing construction cooperative (HCC) "Zhilye".