The Kun.uz website, in its investigation, has raised further doubts about the operations of LLC "Global avto kredit," which promises car deliveries in Uzbekistan "on favorable terms." During an interview with company representatives, candid explanations were provided, but it was revealed that the firm's office is currently sealed, and several citizens who signed contracts reported paying without receiving vehicles. Kun.uz has submitted an inquiry to the Ministry of Internal Affairs regarding this matter.
The company's chief manager, Dilshod Toshboev, explained in the conversation that profits are generated by adding to the car's cost price, for instance, adding 10-15 million soums to a 200 million soum vehicle. He also noted that the firm has contracts with 20 clients, some of whom paid via bank transfers and others in cash at the office. However, the delivery deadlines under these contracts have not yet expired, and cars are expected to arrive soon and be handed over to customers.
Founder and director Bekzod Bakhtimurodov discussed credit terms: for example, if a Cobalt car's cost price is 150 million soums, an additional 10-15 million soums is added when signing the contract, with an annual interest rate of 10% applied to the remaining amount. Since this rate is below inflation levels, losses are covered by profits from other operations.
During the interview, company representatives addressed questions related to tax legislation: they stated they are currently turnover tax payers and will switch to VAT once turnover exceeds 1 billion soums, which will occur after full payment for cars. Additionally, they admitted to practices of importing cars through individuals and cashing out funds via dividends.
A key aspect is that the contracts signed by the firm with clients are framed as "agreements on initial car payments," where the seller is listed as the lessor and the buyer as the lessee. Toshboev explained this as a matter of convenience, but such an approach creates legal ambiguity and potential risks for consumers. Representatives also confirmed the lack of an official dealer agreement and the purchase of cars from other dealerships.
According to the Kun.uz correspondent, the firm posted videos on its Telegram channel about car deliveries, but these materials depicted operations at other auto showrooms. One citizen reported making a payment to the company, later changing his mind and only receiving a partial refund, with the firm using this situation for its own promotional purposes.
In summary, the activities of LLC "Global avto kredit" raise serious questions from the perspective of Uzbek legislation. Representatives openly discussed import through individuals, cashing out via dividends, lack of transparency, and absence of dealer agreements. This scheme bears signs of a financial pyramid disguised as an auto dealership, and the material is presented for readers to draw their own conclusions.
Source: kun.uz