Omurbek Babanov commented on the video being circulated online by the former manager of the "Frunze" hypermarket. In his video statement, the businessman revealed large-scale embezzlement committed by Bolotmambet Zheenbekov and Bakytbek Amatov, involving millions of soms and tax evasion.
Babanov explained that he felt compelled to provide explanations "as two days ago Bolotmambet Zheenbekov made many negative and hostile remarks about him." The partnership history was detailed by Omurbek Babanov, disclosing how funds of the company were misappropriated by the brothers.
Despite their theft, Babanov added an additional $1.5 million on top of his initial $12 million investments. The former managers approached Omurbek Babanov to buy 50% of the company's shares due to existing debts and assets being pledged.
The partnership, initiated in 2016, lasted until international audits uncovered large-scale financial embezzlements by the company's managers. Omurbek Babanov clarified that he conducted an audit, which the partners failed to disclose.
Following the audit results, investors hesitated to proceed with the deal, but eventually decided to invest $12 million in the company. They immediately cleared debts amounting to $4.1 million and emphasized the importance of transparent operations and tax payments.
It was suggested that criminal charges should have been filed against Bakytbek Amatov for tax evasion. Omurbek Babanov initiated the process of transferring stores to a new company in 2016, but upon his return in 2017, he discovered deteriorating business conditions.
An audit revealed a misappropriation of 450 million soms from the company's cash register. Further financial irregularities came to light, including questionable purchases and undisclosed acquisitions, resulting in significant losses for the company.
Omurbek Babanov offered to sell his share to Zheenbekov and Amatov through a refund of his investments. The deal and subsequent false statements to law enforcement agencies were highlighted, with Babanov expressing his readiness to defend his honor and business reputation in court.
It was emphasized that all transactions were legal and documented, despite attempts to discredit Omurbek Babanov. Bakytbek Amatov is currently in pre-trial detention on suspicion of embezzlement. Omurbek Babanov affirmed his willingness to provide additional evidence of misconduct by his former partners.
In conclusion, Omurbek Babanov stated his intention to uphold his integrity and reputation through legal means, reminding his former partners that they are accountable under the law.
