Criminal Probe into Astana Real Estate Scam Concludes, 8.2 Billion Tenge Damage

The investigation into a criminal case concerning the illegal collection of funds for shared-equity construction in Astana has been completed. The case file has been sent to court.

The actions of the accused group are alleged to have caused particularly large-scale damage amounting to 8.2 billion tenge, affecting the interests of more than 426 families.

Investigators established that the organizers of the scheme solicited money from citizens for the construction of residential complexes "Oasis," "R-Club," and "R-Club Deluxe." This was done without obtaining the necessary permits, in violation of Kazakh legislation. The funds raised were not used for their intended purpose, and construction was not carried out properly.

To secure potential civil claims from the victims, a court-sanctioned seizure has been imposed on movable and immovable property belonging to the suspects. This includes 10 apartments, 36 land plots, 16 non-residential premises, and 49 vehicles.

A pre-trial detention measure has been applied against 12 suspects in the case.