The State Committee for National Security (SCNS) of Kyrgyzstan is initiating an investigation into a large-scale fraud scheme related to construction and mortgage lending.
According to reports, on January 19, a meeting was held at the central office of the SCNS of the Kyrgyz Republic, chaired by Kamchybek Tashiev, where citizens recognized as victims in a case involving a citizen S.M. gathered. The detained individual was also present at the event.
Special services reported that S.M., who had several criminal convictions, had been conducting illegal activities in the field of pawnshops and usury for a long time. He issued loans under conditions that were deliberately burdensome for citizens, with high interest rates, and used the accumulated debts for the illegal seizure of their property.
According to the investigation, the registration of residential and commercial properties occurred through fictitious transactions involving front persons and notaries who were under the control of the fraudster. There is also information that the criminal activity was organized and accompanied by threats and psychological pressure on the victims, possibly using connections in government structures.
Law enforcement agencies are paying special attention to the activities of LLC "Expert Stroy" (Residential Complex "Silk Road") and LLC "Arz Development". It has been established that S.M. provided two plots of land for shared construction but then obstructed the implementation of projects, initiated arrests and contract terminations, and made illegal demands to obtain significant benefits.
As a result of the fraudster's actions, 89 shareholders of the Residential Complex "Silk Road," LLC "Arz Development," and several individuals suffered. The total damage is recognized as particularly large and includes the illegal alienation of real estate, vehicles, and monetary funds.
Kamchybek Tashiev instructed SCNS employees to thoroughly check the activities of pawnshops, including interest rates and loan conditions.
He also emphasized that the investigation of this criminal case is under his personal control, and the responsible units of the SCNS must comprehensively establish all facts, identify those involved, and take measures to maximize the compensation for the victims.
