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Kiev Mayor scrambles to support investors hurt by real estate scam
Journal Staff Report

KIEV, Feb. 20 – Kiev Mayor Oleksandr Omelchenko on Monday scrambled to find ways of supporting thousands of real estate investors that had lost 400 mln hryvnias due to a major construction scam earlier this year.

Omelchenko’s plan apparently calls for the leading Kiev housing construction company and the city government bailing out the investors by building the housing the investors had been promised.




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