Tashkent Establishes Gov’t Commission to Investigate Housing Scam Affecting Over 1,000 Individuals
Government Commission Formed to Address Housing Fraud and Protect Investors’ Interests
A government commission has been established in Uzbekistan to address the issue of housing fraud and protect the interests of investors. Deputy Prime Minister Achilbay Ramatov has been appointed as the chairman of the commission, which aims to quickly resolve the problem situation and ensure the completion of housing construction to a high standard.
The commission was formed in response to complaints from a group of citizens who entered into an agreement with “AZIYA INVEST FAVORIT” LLC to purchase apartments in multi-story buildings planned to be built on Izzat Street, Tashkent city, Yashnabad district. Despite the passage of more than a year and a half, construction works had not started, leading to widespread frustration among the buyers.
Video appeals from the affected citizens were posted on the YouTube platform, showcasing the conflicting arguments between buyers and employees of the construction company. It was revealed that the damage caused to citizens by the officials of “AZIYA INVEST FAVORIT” LLC amounted to over 300 billion soums. The violators were attempting to evade criminal prosecution, leading to the initiation of a criminal case under Article 168-4 of the Criminal Code.
The defrauded citizens described how the builders had no intention of fulfilling their obligations, setting artificially low prices to deceive unsuspecting buyers. They also expressed disappointment with the lack of action from law enforcement agencies despite their complaints.
In response to the article published on Kun.uz website, the Cabinet of Ministers promptly issued an order to establish a government commission. The commission, consisting of key representatives from various ministries and agencies, will study the problems faced by deceived citizens and propose solutions to address them.
Deputy PM Achilbay Ramatov has been given the task of completing the study by July 20 and submitting relevant conclusions and proposals to the Cabinet of Ministers. The Ministry of Justice has also been tasked with developing a draft of a normative legal document to strengthen the protection of investors’ interests in houses built through the sharing system.
This government commission demonstrates the commitment of the Uzbek government to address housing fraud and protect the rights of investors. It is expected that the commission’s findings and recommendations will help bring justice to the affected citizens and prevent similar incidents in the future.
