In Fergana, 1.5 billion soums of the joint venture's funds were embezzled by bankers

Reports circulated on social media alleging that officials from "Agrobank" in Fergana misappropriated 600 million soums of depositors' funds without depositing them in the bank. The bank's press service responded to the allegations.

During audits by the bank's internal audit service at the Fergana branch, it was discovered that X.O., the branch manager, and others, misused 600 million soums deposited in the bank on February 13, 2023. They diverted these funds for personal use on March 7, 2023, regularly transferring money from their own accounts to the depositor's plastic card through the bank, thereby betraying the trust placed in them.

Furthermore, the internal audit investigation unveiled that former responsible branch employees of the bank had embezzled 1.5 billion soums from the funds of the limited liability company "F.O." using falsified documents.

Additionally, the investigation revealed that former bank officials had embezzled 1.8 billion soums by manipulating the data of daily cash documents.

Cases of shortages and misappropriation uncovered during internal audits were reported to the prosecutor's office.

Based on these findings, criminal proceedings were initiated against former officials of the bank's Fergana branch under relevant articles of the Criminal Code of Uzbekistan. The accused individuals were charged accordingly, and the criminal case was forwarded to the Fergana district court for adjudication. Subsequently, appropriate penalties were imposed on Kh.O. and others under Article 167, Part 3, clauses "a, g," and other pertinent articles of the Criminal Code, and restitution was sought from the perpetrators.