Damascus Governorate Calls Shajarati Depositors to Review Liquidation
The Damascus Governorate has issued a renewed call to all citizens who deposited funds with the “Shajarati” company, also known as the “Korean Business Center,” to contact the liquidation committee for the funds of Zaher Ahmed Nouri Zanbarkji. Creditors are instructed to report to the Damascus Governorate building, specifically room 609 on the sixth floor.
In an announcement via its official Telegram channel, the governorate specified that the committee will be available to receive claimants next week on Monday, Tuesday, and Wednesday. The office hours for these appointments are set from 10:00 a.m. to 1:00 p.m.
To complete the necessary procedures, claimants are required to bring supporting documentation. This includes a copy of their national identification card, a copy of their company membership card, and a “waiver of personal rights” document issued by the court. The governorate clarified that this invitation is exclusively for individuals who have already filed formal legal claims against the company and its director.
This action is part of ongoing efforts by the Damascus Governorate to address the cases of depositors affected by the fraudulent activities of the Shajarati company. The governorate previously issued a similar invitation last August, following an earlier announcement regarding the public auctioning of Zaher Zanbarkji’s assets. The proceeds from these sales are intended to provide the liquidity required to repay a portion of the financial losses incurred by the depositors.
Shajarati operated in Damascus for several years under the guise of the “Korean Business Center.” Managed by Zaher Zanbarkji, the entity functioned as a shell company that solicited billions of Syrian pounds from thousands of citizens. By promising lucrative but fictitious profits and high financial returns without providing any legitimate guarantees, the company eventually collapsed, leaving thousands of families with significant financial losses once the fraud was exposed.
The relevant committees within the Damascus Governorate continue to coordinate with judicial and financial authorities to oversee the liquidation process. This ensures that available funds are distributed according to established legal procedures. The governorate maintains that this process is strictly limited to those who have filed formal legal claims, reaffirming the commitment of government institutions to recover assets from those responsible for the financial scheme and distribute them to the affected parties within the limits of available resources.
Source: Syria Focus Arabic
