The issue of protecting the rights of citizens who invested money in the developer's unfinished projects was raised during a meeting between the head of state and residents of the Moskovsky district of Bishkek.
Nature of claims and current situation
Aizhan Abdyrazakova, director and founder of Rayan Building, addressed the President. She explained that the company has been operating since 2021 and has already delivered more than one hundred apartments, but is currently facing financial difficulties. According to the entrepreneur, delays in contract fulfillment are caused by issues with permits and legal proceedings. She cited land purchase costs and payments to some shareholders as reasons for the shortage of funds.
At the same time, Nurdun Oruntaev, Minister of Construction, Architecture, and Housing and Communal Services of the Kyrgyz Republic, reported serious violations in the enterprise's activities.
- Selling apartments up to the ninth floor despite having documents for only five floors
- Withdrawal of funds through the company head's former spouse
- Lack of completed projects: none of the shareholders have received housing yet
Rayan Building indicators
As Minister of Construction Nurdun Oruntaev reported, several criminal cases have already been initiated against the company, and its head has been held criminally liable. The developer's projects are located in Kant, as well as in the Archa-Beshik and Kara-Zhygach residential areas.
Context
Sadyr Japarov holds the post of President of Kyrgyzstan. Nurdun Oruntaev heads the Ministry of Construction, Architecture, and Housing and Communal Services of the Kyrgyz Republic.
