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Investor from Switzerland about situation with Gergert Sport

An investor from Switzerland, Daniel Beuchat, said that he became the victim of fraud by businessman Vitaly Gergert, who is the founder of the sportswear store Gergert Sport. He announced it at a press conference in Bishkek.

According to the investor, he initially invested €100,000. In return, the man was promised dividends in the amount of 12 percent per annum. From 2016 to 2017, Daniel Beuchat received the money as promised, but the problems began in 2018.

«Vitaly Gergert began to delay payment of dividends and avoid meetings. Having received the last tranche from me at the end of 2019 in amount of €200,000, Gergert disappeared and stopped answering phone calls,» he told.

It is noted that there were no partnership obligations and agreements between the parties.

In March 2021, Daniel Beuchat wrote a statement to law enforcement agencies. Pre-trial proceedings have begun under article 204 «Fraud» of the Criminal Code of the Kyrgyz Republic. Vitaly Gergert was detained, but later placed under house arrest.

«I am surprised by the court’s decision; he should have been taken into custody. I want to draw the attention of the authorities of Kyrgyzstan to my situation and urge to take the investigation under control,» Daniel Beuchat said.

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