In Krasnodar, a defrauded shareholder and a member of the SVO began a hunger strike in front of the district administration building. He reported his situation to 93.RU as part of his bid to draw public attention to the plight of investors who believed they were securing homes that never materialized.
The city project known as Multiplex Kino, planned for Uralskaya Street, began in 2013. Construction stalled in 2016, and in 2017 the general managers of the Yug-GarantStroy company, the firm contracted to build the complex, were detained on charges related to the misappropriation of funds from equity holders and money laundering during the construction period. Additional accusations included tax evasion and related offenses. In April 2020, one of the detained executives received a sentence of five and a half years in prison. The other involved parties have since been released, but the shadow of the case continued to affect the investors who waited for their keys.
Investors who were defrauded during the project’s troubled timeline pressed their cases through rallies and public gatherings, unfurled banners at their homes, petitioned the president, and even undertook hunger strikes. Their persistent advocacy helped to reignite construction activity in recent years, with renewed momentum seen at the residential complex as work resumed and progressed.
Among those affected was Alexei Bogushev, a retired soldier who invested in housing eight years earlier. He warned authorities of his intentions in early October but did not receive a substantive reply. On the morning of November 11, Bogushev began a hunger strike in front of the Krasnodar regional administrative building. He stated that the action was prompted by continuing issues stemming from the convicted developers, who had already faced punishment and yet remained active in the market in ways that threatened further losses for investors.
Speaking of his decision, Bogushev said he began an indefinite hunger strike because the fraudsters who previously siphoned money from the construction project and were sentenced to real punishment were released and attempted to deceive stakeholders again. He noted that they were trying to seize homes for a second time, and although authorities had heard complaints, tangible relief was not forthcoming. This sense of abandonment, he explained, drove him to take drastic action to prompt a response and accountability from officials.
Bogushev joined the project as a shareholder in 2015 and has since been forced to lease housing while waiting for a resolution. In a broader pattern, some 1,086 families found themselves in similar conditions, with seven shareholders participating in a special operation and two of them losing their lives to the strain of the situation. Bogushev himself has also spoken publicly about his own persistence, noting that he had taken part in frontline service twice as a consequence of the upheaval surrounding the project.
Officials in June had asserted that construction on the Multiplex Kino complex would finish by the end of 2023. When residents approached the town hall with questions about the project’s status, they were promised clarifications regarding the current stage of work. The unfolding narrative highlighted a broader challenge faced by many investors who believed they had placed their trust in developers who failed to deliver on promised timelines.
Earlier reporting indicated that more than 28,000 shareholders were affected by the broader pattern of defrauded investments connected to this and related projects. The question remains whether all parties will receive the promised homes or if continued delays will extend beyond the original projections. Local observers emphasize that accountability, transparent updates, and timely completion remain critical to restoring confidence among investors and residents who hoped for secure, affordable housing in Krasnodar.