Tashkent, Uzbekistan (UzDaily.com) — The National Agency for Prospective Projects (NAPP) has filed a complaint with the Department of Internal Affairs (DIA) of Tashkent against renowned financier Otabek Bakirov. Bakirov himself reported this on his Telegram channel.

According to him, the reason for the complaint was his post titled "Superregulator Without a Law," published in connection with the blocking of the Chinese marketplace Temu in Uzbekistan. In the publication, Bakirov criticized the expansion of the agency’s powers, emphasizing that it had turned into a megaregulator without having the corresponding legal framework.

Bakirov claims that the complaint was signed by the first deputy director of NAPP, Vyacheslav Pak, and that it included an explanatory letter from the agency’s authorized representative. The case is currently under review by the Cybersecurity Department of Tashkent's DIA. In the evening, the financier received a summons and subsequently provided both written and oral explanations. However, he has not yet been provided with copies of the case materials.

In his post, Bakirov pointed out that NAPP essentially regulates the insurance, capital, crypto assets, and e-commerce markets and is preparing to take control of the gambling sector, despite lacking a legal basis for these actions. He stressed that the transfer of powers occurred without legislative formalization and that the agency possesses significant administrative resources.

"We have built a system not on the rule of law, but on 'loyal' people," Bakirov stated, adding that there are no norms regulating conflicts of interest in the agency’s activities.

In a new comment, he once again emphasized the need for a special law to regulate the activities of NAPP.

According to Bakirov, constructive criticism should not be viewed as discrediting. "Instead of complaints to the court, we should be saying thank you," he concluded.

Bakirov also noted that, unlike other countries such as the USA, Norway, Ukraine, or Russia, in Uzbekistan, the megaregulator operates not based on the law, but solely on decisions and orders. In his opinion, this creates risks not only for the market and investors but also for the regulator itself.