Founder of Elite House construction company, Timur Faiziev, was released from the pre-trial detention center. A source in law enforcement agencies informed 24.kg news agency.
According to the source, the investigator, who is in charge of the case, applied for changing the measure of restraint against Faiziev from detention to house arrest.
The businessman also allegedly paid $3 million to the state. The press service of Bishkek City Court promised to provide information later.
Timur Faiziev was charged under the article «Money laundering» of the Criminal Code of the Kyrgyz Republic. He was detained in October 2023.
Earlier, in May 2021, there was an attempt to bring Timur Faiziev to criminal liability. However, he was outside the capital and was put on the wanted list. The entrepreneur was suspected of complicity in corruption when obtaining land plots in Bishkek, as well as in illegal construction.
