Illegal Pawnshop Scheme Worth 93 Million Tenge Exposed in Aktobe
Photo: elements.envato.com
A scheme disguised as commission trading was uncovered in Aktobe after investigators said a man had been issuing loans without a pawnshop license, Orda.kz reports.
According to the investigation, from 2020 to 2025 he issued loans secured by phones, televisions and other equipment. He did not have a license to conduct pawnshop activities. To avoid oversight, he allegedly disguised the transactions as commission sales.
Investigators said interest rates on the loans reached 3.7% per day, which is 12 times higher than the legally permitted level. As a result, customers overpaid substantial amounts. Law enforcement agencies said the total criminal income exceeded 93 million tenge.
A court has placed under arrest the suspect’s apartment and three cars. He himself has been placed under a travel restriction.
The activity was carried out under the guise of commission shops, which made it possible to bypass regulation by the authorized bodies.the agency said.
The criminal case has already been sent to court.
Original author: Asel Turar
Read also:
Latest news
- Orda.kz Editorial Team to Cease Operations on September 1
- The Price of a Degree: How Students in Kazakhstan Pay for University
- Second Przewalski’s Horse Foal Born as Species Returns to Kazakhstan
- Kazakh Mining Companies Can Recalculate Purchases if Tenge Weakens
- Kazakhstan Names First Vice President in Three Decades
- What Almaty’s Bus Shelters Are Missing
- 400-Truck Queue Builds at Kazakh–Kyrgyz Border
- Kazakhstan Ready to Help Feed and Rebuild Gaza
- Tokayev Establishes New Presidential Security Body
- Almaty Takes Back Its Nearly Century-Old Hippodrome
- No More Guesswork on Savings: Kazakhstan Tightens Energy Audits for Businesses
- Public Money Could Be Used to Rescue Failing Kazakh Banks
- Third Kazakh Woman Reported Missing in Nepal-China Flood Zone
- Falconer Convicted Over 35 Protected Birds, Spared Punishment Under Amnesty
- Kazakh Citizen Detained in Yakutia in Phone Fraud Case
- Yuan Instead of Dollars? KazMunayGas Draws Record Demand in Asia
- China Gains Oil-Market Influence as OPEC+ Weakens
- Kazakhstan to Divide Smartphones Into White, Gray and Black Lists
- Kazakhstan’s Government Formally Resigns as First Kurultai Session Opens
- Rare Lynx Sighting Recorded in Northern Kazakhstan
