Astana: Fraudulent scheme to register 170 apartments under fake co-investors thwarted

Kazakhstan's Financial Monitoring Agency (AFM) has concluded an investigation into a scheme to illegally seize apartments using fictitious co-investment agreements. The plan involved registering 170 properties, valued at over 4.4 billion tenge, under 'pseudo-co-investors'. The scheme also aimed to defraud individuals who purchased fake agreements, causing over 400 million tenge in damages.

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