Auto Rental LLC heads deceive hundreds of citizens misappropriating around 3 billion soums

The LLC introduced itself as the only company in Uzbekistan, which can offer cars with no interest on the basis of payment by monthly installments. Depending on the price of cars, officials of the company collected money in the amount of 4 million to 12 million soums from clients and promised that their cars would be delivered between 3 to 7 months. In a short period of time, the firm was able to deceive hundreds of people and misappropriated billions of funds.

The criminal activity of the company was unveiled by law enforcement bodies. Currently, an investigation is underway. The Investigative Department has released details about the preliminary investigation into the criminal case against the officials of Auto Rental LLC.

“A total of 3 people have been charged on this criminal case. The company has signed 695 contracts with citizens, but the contract is so clear – it does not specify what kind of vehicles will be delivered. In total, the company received 2.8 billion soums, of which only 1.9 billion soums were deposited in the bank account. The remaining money was received in cash and used for the personal needs of the enterprise’s officials.

In order to recover the damage caused to citizens, 390 million soums – the remaining balance in the company’s account, was deposited in the account of the Investigative Department. Also, Mercedes-Benz, owned by the head of the enterprise (costs around 400 million soums), was seized,” a senior investigator of the Investigation Department Farhod Ergashev said.

Thus, the loss of clients made up 2.8 billion soums, of which 790 million soums were compensated. According to the investigator, the recovered funds can only be returned to the victims through a court ruling.

A preliminary investigation is underway.