Three high-ranking employees of the bank embezzled a soft loan financed by ADB funds.
The Asian Development Bank (ADB) has announced a search for employees of Asakabank JSC, who stole misappropriated funds.
Reportedly, the former head of the Bukhara regional branch of Asakabank Murodov, head of the credit department Yadgarov and head of the Internal Audit Service at the main office Idiyev conspired with businessmen (owner of Grand Buxara Agro LLC and manager of Kafil insurance LLC) to embezzle soft loans financed by ADB.
The allocated funds ($2 million) were directed to purchase a greenhouse complex at an inflated price.
They caused damage to the interests of the state and the bank in the amount of $503 thousand.
A search is underway for Murodov and Idiyev.
The remaining members of the criminal group are being tried in court.
