Kostanay developer convicted after 123 million tenge dольщик fraud

September 7, 2026 at 10:55 AM1 min

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A Kostanay court convicted a construction company director of fraud after he collected over 123 million tenge from apartment buyers without permission to raise funds. The court sentenced him to probation and banned him from leadership roles in construction for five years. All victims were fully compensated during the trial.

Key Facts

The director collected over 123 million tenge from April 2022 to November 2024 without permission to attract shareholder funds.
The court sentenced him to probation with probation control and banned him from leadership positions in construction organizations for five years.
All victims were fully compensated during the trial, according to the regional prosecutor's office.
Dozens of families were left without promised housing and invested funds.

Fraud Scheme

The director of a construction company in Kostanay signed apartment purchase agreements with citizens from April 2022 to November 2024 without permission to attract shareholder funds. He knew the construction could not be completed but continued to receive money from citizens. In total, he collected over 123 million tenge and used the funds at his own discretion. As a result, dozens of families were left without promised housing and invested money.

Court Verdict

The court found the director guilty of fraud and sentenced him to probation with probation control. He was also banned from holding leadership positions in construction organizations for five years. During the trial, the damage to all victims was fully compensated. The prosecutor's office urged citizens to check developers' permits before signing contracts.