Illegal construction: more than 100 shareholders injured in Kaskelen

The Department of the Financial Monitoring Agency for the Almaty Region has completed an investigation into large-scale fraud during the construction of apartment buildings in the city of Kaskelen.

The investigation found that the managers of Toredo, between 2021 and 2023, advertised the construction of residential complexes called "НOME," "НOME Yuzhny," "НOME SAU," and "НOME MAK" on social media — even though they had no construction license, permits, or design documentation.

They attracted 972 million tenge from more than 100 people using targeted advertising, despite lacking the required housing construction guarantees from the national operator.

Construction was carried out with violations and not completed on time, leading many investors to file complaints with law enforcement.

By court order, the suspects’ property worth over 240 million tenge has been seized, including 12 land plots, 9 vehicles, an unfinished three-story building, and a private house.

The suspects are currently in custody, and the case has been sent to court.