Nominee from Tajikistan: the companies of "Intergal-Bud" were transferred to a foreigner to avoid responsibility

At least four enterprises, which were part of the corporate group of one of the country’s largest developers – "Intergal-Bud", simultaneously changed their addresses, directors, and ultimate beneficiaries a few months ago. The new owner of the companies became a citizen of Tajikistan, Fatima Ahmadzoda, who is likely a "foreign figurehead". That is, a foreign figurehead who registered problematic assets in Ukraine under her name.

And they are indeed problematic. Some enterprises are involved in cases of money laundering and tax evasion. OBOZ.UA found out how the companies of one of the largest developers (as well as another hundred LLCs) became the property of a Tajik woman.

How the developer could have used a "figurehead"

A series of companies from the "Intergal-Bud" group changed owners, managers, and legal addresses within two days in May 2025 (and one even changed its name). The owners (closely associated with "Intergal-Bud") simultaneously exited the business in favor of one person. That person is Fatima Ahmadzoda, a citizen of Tajikistan, who, according to official information, built an entire business empire in Ukraine – on paper, she owns over a hundred firms.

Moreover, the "Intergal" companies were consolidated at one legal address (a place of mass registration) and share common contact information. And all these movements are likely a scheme used by real management to avoid responsibility for problematic companies’ affairs.

These companies do indeed have problems. For example, since January 2023, one of the companies in the "Intergal-Bud" group, now registered under Ahmadzoda – "Rent-Service", is a figure in the case No. 761/1844/23 (regarding possible money laundering and tax evasion).

If law enforcement wants to seize documents from "Rent-Service", representatives of the firm may explain: director (and also owner) Fatima took the documents and went home to Tajikistan. Therefore, there is no one to demand documents from, and it will no longer be possible to conduct searches, since the legal address of the company is a place of mass registration where they have never heard of "Rent-Service".

Furthermore, the aforementioned case also involves the company "Vesta-I", which:

was part of the "Intergal-Bud" group;
like the companies that transferred to Ahmadzoda, moved from Kniazhyi Ostriv street to the Kyiv office on Mykhaylo Boychuk street (and has the same number). However, unlike them, it did so not in May, but in March.

The ultimate beneficiary of "Vesta-I" is a citizen of Tajikistan, Karimi Asolat. Who, like Fatima Ahmadzoda, also officially has a huge business empire in Ukraine – since he is associated with 110 companies.

Interestingly, before him, the ultimate beneficiary of "Vesta-I" was Olha Kuhar. One of whose registration addresses is the same apartment in Lviv as that of Ihor Kuhar – the former beneficiary of the company "Ventline-20", which also transferred to Ahmadzoda.

The media sent a request to "Intergal-Bud" asking to explain whether they agree with the established pre-trial investigation fact of tax evasion and income legalization. In addition to:

Why these companies were re-registered to Tajik citizens, who are likely figureheads ("foreign figureheads").
Whether the criminal case was the reason for such re-registration.

However, by the time of publication, no response was received from "Intergal-Bud". If received, we will certainly publish it.

Which companies the developer got rid of

"Smart House Invest".

According to the YouControl system, as of May 15, the ultimate beneficiary of the company and the sole founder was Pavlo Zvarych – a former assistant to ex-parliamentarian from the Yuliya Tymoshenko Bloc and the "Party of Regions" Volodymyr Zubyk, as well as the founder of the "Intergal-Bud" company and the president of the non-profit organization Association of Construction Entrepreneurs "Intergal-Bud".

The company itself, likely earlier, could have had a connection with Russia. Specifically, at the beginning of 2021, its founder was listed as Yuriy Lishchyshyn, a Russian citizen with Ukrainian registration.

However:

As of May 23, Zvarych remained the beneficiary of "Smart House Invest". And Fatima Ahmadzoda was listed as the founder.
As of May 26, Ahmadzoda was already the ultimate and sole beneficiary owner of the company.

Additionally, she became the company’s director.

That is, officially, Zvarych transferred the business to Ahmadzoda and exited it.

Moreover, as of May 26, the company changed its legal address, moving from Kniazhyi Ostriv street in Kyiv to Mykhaylo Boychuk street.

"Ventline-20".

On May 9, the ultimate beneficial owner of the company was Ihor Kuhar. As characterized by YouControl, he is the director and founder of "several companies related to the Intergal-Bud group".

Among the founders of "Ventline-20", there was also another company – "Smart House Invest", described above.

As of May 26, "Smart House Invest" remained the founder of "Ventline-20". And Fatima Ahmadzoda became the ultimate beneficiary and director.

Thus, like Zvarych with "Smart House Invest", Kuhar transferred the business to Ahmadzoda and exited it.

Also, "Ventline-20" was relocated. As of May 26, the company moved from Kniazhyi Ostriv street to the same Kyiv office on Mykhaylo Boychuk street where "Smart House Invest" is located.

Simultaneously, the current name of the company was obtained on May 26. Before that, it was called "Firma Intergal".

"Rent-Service".

On April 28, the beneficial owner of the company was Nataliya Kara. Currently tied to 42 companies. In particular, serving as director and chief accountant at "SPB-Invest", a company part of the "Intergal-Bud" group.

Among the founders of "Rent-Service" was the same "Smart House Invest".

As of May 27, "Smart House Invest" remained the founder of "Rent-Service". And Fatima Ahmadzoda became the ultimate beneficiary and director.

And, like the previous companies, "Rent-Service" moved from Kniazhyi Ostriv street to the same Kyiv office on Mykhaylo Boychuk street as "Smart House Invest".

It also shares the same contact phone number as "Ventline-20".

"Property Trade".

On May 6, the company’s founders were the firms "Smart House Invest" and "Firma Intergal". The latter, it’s worth noting, is now called "Ventline-20", whose director and beneficial owner on the day of renaming – May 26 – became Fatima Ahmadzoda.

On the same day – May 26 – Ahmadzoda also became the beneficial owner and director of "Property Trade".

And of course, this company also relocated from there to here, where the previous ones are. It has the same phone number as "Ventline-20" and "Rent-Service".

The Unknown Owner of a Business Empire

Fatima Ahmadzoda herself is unknown in Ukraine. Which is strange, given the size of her official business empire.

However, companies associated with her are sometimes talked about.

Most recently, the Antimonopoly Committee (AMCU) fined Ahmadzoda’s company "Ligna Ukraine" on August 7 for participating in a collusion during a tender from "Forests of Ukraine". The other company was "Marksol", whose director and beneficiary is a citizen of Tajikistan, Dilmurod Hakimzoda. According to YouControl data:

Dilmurod Hakimzoda received his company on May 27.
And Fatima Ahmadzoda – on May 26. On the same day as several companies in the "Intergal-Bud" group.

There is, by the way, another "Ligna Ukraine". This company appeared at the beginning of 2025 and belongs to Yuriy Belyaev, who transferred the first "Ligna Ukraine" to Ahmadzoda.

Moreover, the old "Ligna Ukraine" was once registered where the new one is now. So it is quite possible that Belyaev just transferred a problematic firm to Ahmadzoda.

In other words, two Tajik citizens, a day apart, acquire a company each. A few days pass, and AMCU fines them for tender manipulations. And officially, Tajiks already bear responsibility. Although, given their brief period at the helm of these companies, it is unlikely that they orchestrated the scheme.

They are unlikely to have purchased companies had they known there were serious issues. And they could not have not known – since it is hard to presume that a prospective owner would not conduct "reconnaissance" when purchasing a business.

How the "figurehead" scheme works

So what is happening?

Most likely – a vivid example of using "figureheads". This is when a foreigner (mainly from Central Asian countries) is officially made to register a company under their name.

Such a scheme is often used by current and former parliamentarians, high-ranking officials, city mayors, and well-known entrepreneurs to avoid responsibility for company affairs. Or to confuse trails and "bury" it without a tax audit.

Meanwhile, the "figurehead" themselves, for their passport data and signature in documents, at best receive 200-300 dollars (for each company). While the "figurehead handler" – an experienced lawyer who negotiates with foreigners and re-registers problematic Ukrainian companies on them – can earn tens or even hundreds of thousands of dollars a month.

The scheme can be exposed by the mass registration of companies in one person’s name over a short period. And also, by the problematic nature of these companies themselves. As possibly (albeit not definitively) happened with Fatima Ahmadzoda, who within a few days acquired several litigation-burdened companies in the "Intergal-Bud" group and other firms.

Meanwhile, the media have uncovered other potential "foreign figureheads" who may be linked to the largest Ukrainian corporations. We researched dozens of schemes after which firms were re-registered to proxies. We will tell more about this in upcoming publications.