Welfare and pension funds embezzled by bank employees in Kokand

Bank employees in Kokand, Fergana region, embezzled 104 million UZS from inactive bank cards, misappropriating welfare and pension funds, the General Prosecutor's Office reported.

According to the statement, officials of the “Xalq Banki” Universal Banking Services Center conspired and formed a group that used computer technology to embezzle budgetary funds.

Specifically, they pre-arranged to issue bank cards in the names of 68 citizens without their knowledge or participation, using the login credentials and passwords of two employees from the bank’s software center. Subsequently, they withdrew 104 million UZS from these cards through ATMs and misappropriated the money.

A criminal case has been initiated under Part 3 of Article 167 of the Criminal Code (Theft through misappropriation or embezzlement).

The suspects face a fine ranging from 300 to 600 base calculation units, correctional labor for up to three years, or imprisonment of 5 to 10 years. However, if the damage is compensated, imprisonment will not be imposed.