Gov’t establishing liability for illegal withdrawal of money from bank accounts of entrepreneurs

If money is illegally withdrawn from an entrepreneur’s bank account without his consent, or if the overcharged money is not returned on time, this situation will cause administrative liability in the first instance, and criminal liability in the next instance. The relevant law will be considered at the Senate plenary session on May 3-4.

Photo: National Debt Advisors

The meeting of the Senate Council of Oliy Majlis, held on May 1, decided to hold the fortieth plenary session of the upper chamber on May 3-4.

According to the Senate press service, two laws on amendments and additions to the Administrative Responsibility Code will be considered at the plenary session held in the form of videoconferencing.

Also, the law on making additions and amendments to certain laws aimed at ensuring the integrity of money in bank accounts of entrepreneurs is included in the agenda.

According to the law, an additional article was added to the Administrative Responsibility Code, and in the event of illegal transfer or withdrawal of funds from bank accounts without the consent of business entities, or in the case of failure to return the overcharged money on time, a fine of 20 to 40 BCAs (from 6.6 million to 13.2 million soums) is imposed on the guilty party.

It is considered a crime to commit this offense even after the administrative penalty has been applied. For this, the Criminal Code stipulates a fine of 200 to 300 BCAs, imprisonment for up to 7 years, depending on the category of the committed crime.

It is noted that the law serves to strengthen entrepreneurship and protection of property rights.

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