BREAKING: The founder of Imarat Development has been detained in Tashkent, Uzbekistan, on suspicion of fraud.
BREAKING: The founder of Imarat Development has been detained in Tashkent, Uzbekistan, on suspicion of fraud.
Marat Khamdamov was detained with a second suspect, Tashkent police said. A criminal case was opened on November 1 after a wave of complaints from apartment buyers, who reported missed construction deadlines, housing complexes built outside the capital, and money they could not recover after cancelling contracts.
The case matters because Imarat has faced repeated buyer complaints and press investigations, and the detention turns a long-running housing dispute into a criminal matter buyers across Uzbekistan will watch closely.
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