Iman Invest responds to 20 million dollar claims

Iman Invest investment company has issued an official statement in response to allegations regarding a $20 million shortfall. One.uz reports on this.

The company confirmed the stability of its financial condition while acknowledging that certain deficiencies were identified during the internal audit. The statement addresses concerns regarding problematic debts, the use of fund assets, vehicle purchases, and the calculation of investor returns.

Changes in the use of company funds The practice of lending fund assets to the management company has been discontinued. Two contracts related to vehicles have been terminated, and the funds allocated to them have been returned to the fund.

The statement specifically highlights issues concerning problematic debts and the calculation of investor returns, noting that measures are being taken to address the deficiencies identified in the internal audit. Rustam Rahmatov to leave management According to the statement, Rustam Rahmatov will leave his position in Iman Invest's management.

It is planned to appoint an experienced professional to replace him. Rahmatov will continue to participate in the company’s activities as a member of the supervisory board.

Previously, Mahmud Usmon had also advised Rahmatov to step down from management in a video address. Sharia and financial audits to be conducted Iman Invest is planning to establish a Sharia board consisting of three scholars, as well as to conduct an external Sharia audit and an independent financial audit.

These measures are presented as part of the process of reviewing concerns regarding the use of fund assets, financial accounting, and the company’s operations.