Law enforcement authorities in the Tashkent region have dismantled a criminal group that defrauded hundreds of citizens out of nearly 17 billion Uzbek sum (approximately $1.4 million) under the guise of arranging interest-free loans. According to the regional police department, more than 400 people fell victim to the scheme.

The fraudsters posted fake advertisements online offering assistance in obtaining preferential and interest-free loans. They invited interested individuals to lavish rented offices to create an illusion of a solid and reliable company, thereby gaining their trust. The group operated with apparent sophistication, targeting vulnerable individuals seeking financial relief.

The scammers proposed that clients take out bank loans in their own names, handing over half of the loan amount to the company. In return, they promised to fully repay the monthly installments themselves. For instance, citizens were offered a loan of 100 million sum, of which 50 million was given to the client, while the remaining 50 million was pocketed by the company. Believing these promises, people applied for loans through mobile applications on their phones.

The deception came to light only after banks began sending official demands for debt repayment to the victims. The total damage caused by the criminal group amounted to approximately 17 billion sum. The scheme left many families in severe financial distress.

A criminal case has been opened under Article 168 (Fraud) of Uzbekistan’s Criminal Code. During operational-search activities, six members of the criminal group were detained and placed under arrest. Investigative actions are ongoing, and authorities are working to identify additional accomplices.

The Tashkent regional police department urged citizens to remain vigilant and not trust dubious online advertisements offering interest-free loans or loan processing without documents. They advised the public to report any such offers to law enforcement immediately.

Source: podrobno.uz