People’s Bank officials in Fergana embezzle financial assistance funds

Officials from the Kokand Universal Banking Services Center of JSC “People’s Bank,” in collusion with others, formed a group and used computer technology to embezzle budget funds, the press service of the Prosecutor General’s Office reported.  

According to the statement, bank officials and their accomplices secretly opened bank cards in the names of 68 citizens without their knowledge or involvement. Using the login credentials assigned to two employees of the center in the banking software IABS, they accessed and withdrew 104 million sums in financial assistance and benefits that had remained inactive on these bank cards, cashing them out through ATMs.  

A criminal case has been initiated under Part 3, Paragraph “d” of Article 167 of the Criminal Code (embezzlement or misappropriation), and a preliminary investigation is underway.  

It is worth noting that a similar case was recently reported in the city of Nukus, Republic of Karakalpakstan. A preventive inspector illegally appropriated the house of an elderly person with a mental illness and transferred it to his wife. The Nukus city court found him guilty under Part 2, Paragraph “a” of Article 206 of the Criminal Code and sentenced him to two years of restricted freedom, along with a two-year deprivation of certain rights.