Mahalla Yettiligi and bank employees embezzle 1.4 billion soums

“Bankers” who embezzled 1.4 billion soums in loan funds have been exposed in the Republic of Karakalpakstan. The Department for Combating Economic Crimes under the Prosecutor General’s Office reported this.

It was reported that during a pre-investigation check conducted by the department’s Beruniy district division, it was established that responsible employees of a commercial bank’s banking services office, assistant mayors from seven mahallas and others had conspired to allocate preferential loans worth 1.4 billion soums in the names of 37 citizens and embezzled the funds.

A criminal case has been opened under the relevant articles of the Criminal Code, and investigative actions are underway.

Earlier, it was reported that a bank official in Fergana who embezzled a large amount of money from the bank where he worked had been sentenced to eight years and six months in prison.