Adler District investors trapped in years-long battle for unfulfilled apartments
Equity investors in a residential complex in Adler District have faced years of delays in receiving their apartments. Over 800 contracts remain unfulfilled, despite construction being completed under a new investor. Legal battles and criminal investigations have now intensified as frustrated buyers push for action.
The troubled project, originally led by Anzor Pruidze, has a history of legal issues. Pruidze, the former founder, was previously convicted multiple times for fraud. His company, Horizont, became the focus of criminal cases after allegations of fraud and double-selling apartments emerged.
In March and April, two Ufa residents announced plans to file for Horizont’s bankruptcy. However, lawyers for the equity investors suspect this move could be a strategy to further delay handing over properties. Progress only began after law enforcement stepped in and new criminal cases were launched. Investors have already won court orders to recover over 35 million rubles from the company. They also secured the seizure of some of Horizont’s assets. Despite these victories, many still struggle to register their properties. Requests have now been sent to the FSB and the Investigative Committee, urging them to examine the actions of those involved.
The situation remains unresolved for hundreds of equity holders waiting for their homes. Court rulings and asset seizures have provided some relief, but legal challenges persist. Authorities continue to investigate as investors seek full ownership of their properties.
