Criminal case opened against Imarat Development management over alleged fraud in Uzbekistan
Criminal case opened against Imarat Development management over alleged fraud in Uzbekistan
A criminal case has been opened against the management of Imarat Development in Uzbekistan after homebuyers found that apartments advertised as being built in Tashkent were actually under construction in the neighboring Tashkent region. Buyers demanded refunds, but the company failed to return their money, according to Kun.uz.
Off-plan housing fraud is a sensitive issue in Tashkent, where a construction boom has drawn thousands of buyers. A criminal case against a developer's management is a signal to the whole market: sell the flat you advertised, in the place you advertised.
#Uzbekistan