Tashkent prosecutor detains Izmir Art Stroy director over 287 billion soum fraud

September 18, 2026 at 10:57 PM2 min

This digest was compiled by AI from multiple sources — links to the originals are below.

Tashkent prosecutors have detained the official director of Izmir Art Stroy LLC and placed three informal directors on a wanted list over a 287 billion soum fraud case involving 1,530 apartment buyers. The case covers three unfinished residential projects in Yashnabad district where about 90 percent of apartments were sold. A new company, Global Pipe Trader, has been brought in to complete construction.

Key Facts

A criminal case under Article 168 (fraud) of the Criminal Code was opened against Izmir Art Stroy LLC officials on June 25, 2026.
The company signed contracts with 1,530 citizens and received 287 billion soum in advance payments for apartments in three residential projects.
The official director, identified as G. H., has been detained, while informal directors A. M., Z. I., and Z. K. have been placed on a wanted list.
About 90 percent of apartments in the Izmir House, Neom Tower, and Kelajak uylari complexes had been sold under contract.
Entrepreneur Kamoliddin Allamuratov's Global Pipe Trader has been engaged to complete the unfinished projects.

The Fraud Case

The criminal case against Izmir Art Stroy LLC officials was opened on June 25, 2026, under Article 168 of the Criminal Code on fraud. Investigators say the officials signed contracts with 1,530 citizens and received 287 billion soum in cash and bank transfers as advance payments for apartments. The case covers three residential projects in Yashnabad district: Izmir House on Jarqo'rg'on Street, Neom Tower on Ohangaron Highway, and Kelajak uylari. About 90 percent of the planned 2,688 apartments across the three complexes had been sold under contract. As of the September 15 meeting, 552 citizens had been questioned as part of the investigation.

Detentions and Wanted Persons

Tashkent city prosecutor Anvar O'rmonov told the September 15 meeting that the company's official director, G. H., had been detained. Three informal directors — A. M., Z. I., and Z. K. — who allegedly controlled and financed the construction behind the scenes have been placed on a wanted list. O'rmonov said the three left Uzbekistan after the problem emerged and did not appear for questioning, prompting the wanted notices and a pre-trial detention measure. The prosecutor noted that the wanted persons have not yet been arrested; they will be detained and placed in isolation on the day they are caught, with court sanction.

New Builder

Entrepreneur Kamoliddin Allamuratov's Global Pipe Trader has been engaged to complete the unfinished residential projects. At the September 15 meeting, Allamuratov said the company had started construction using its own funds. The meeting was attended by Tashkent city prosecutor Anvar O'rmonov and Yashnabad district hokim Baxtiyor Rahmonqulov.