Criminal investigation opened into large-scale embezzlement at Xalq Banki

In April this year, an employee of the bank, working on a contractual basis, illegally accessed the bank’s software and misappropriated funds amounting to UZS 9.5 billion.

The press service of Xalq Banki issued a statement on social media regarding the violations identified at the Yangikurgon district banking services center in Namangan region.

According to the bank, a range of practical measures are being implemented to prevent and combat corruption. Any confirmed cases of corruption are addressed in cooperation with law enforcement agencies.

In particular, the April incident involving the contractual employee’s unlawful access to the bank’s software and the misappropriation of UZS 9.5 billion was uncovered by the bank’s internal anti-corruption control units, which subsequently reported the matter to law enforcement authorities.

At present, a criminal case has been initiated against the individuals involved under relevant articles of the Criminal Code, and investigative procedures are under way.