The Bishkek City Police Department (GUVD) detained the general director of a construction company following a fraud investigation involving shared equity construction.
Details of the fraud case
According to the GUVD, the suspect, identified as E.N., a 1987-born man, allegedly gained the trust of a citizen, identified as A.K., by promising a two-room apartment in a new residential building in the capital. Between April 2021 and May 2025, the victim transferred a significant sum of money to the director, but the promised property was never delivered, and the funds were not returned.
The victim reported that there were attempts to re-register the equity participation agreement to a different construction company, yet the material damage remained uncompensated.
Financial and property details
Law enforcement officers from the Oktyabrsky District Police Department conducted the operation and transferred the suspect to the GUVD Investigative Service. A criminal case has been initiated under Article 209 of the Criminal Code of the Kyrgyz Republic (Fraud).
From the document
Article 209 (Fraud) of the Criminal Code of the Kyrgyz Republic.
The suspect has been placed under arrest and is currently being held in Remand Prison No. 1 (SIZO-1) in Bishkek while investigations continue.
