Bank employees in Kokand caught embezzling welfare and pension funds
Bank employees in Kokand, Fergana region, have been involved in a major embezzlement scheme, as reported by the General Prosecutor’s Office. A total of 104 million UZS has been misappropriated from inactive bank cards, including welfare and pension funds.
The statement reveals that officials from the “Xalq Banki” Universal Banking Services Center collaborated to orchestrate this fraudulent scheme. Using technology, they worked together to siphon off budgetary funds for their own benefit.
Their modus operandi involved issuing bank cards in the names of 68 unsuspecting citizens without their consent. By using the login details and passwords of two employees from the bank’s software center, the group managed to withdraw the substantial amount of money from these cards through ATMs.
A criminal case has been initiated under Part 3 of Article 167 of the Criminal Code, which pertains to theft through misappropriation or embezzlement. The suspects, if convicted, could face a fine or imprisonment ranging from 300 to 600 base calculation units, correctional labor for up to three years, or imprisonment for 5 to 10 years. However, if the damage is repaid, imprisonment may be avoided.
This case serves as a stark reminder of the importance of vigilance and oversight within financial institutions to prevent such fraudulent activities. The legal system will now take its course to ensure that justice is served for the victims of this embezzlement scheme.
