photo: UzDaily.uz
A senior official at a branch of a commercial bank in Tashkent, Uzbekistan has been detained on suspicion of embezzling loan funds and spending them on online gambling.
The head of a department at the bank colluded with representatives of a private company to secure a $120,000 loan in the firm’s name. Investigators say forged documents were used to obtain and cash out the funds, The Caspian Post reports via Uzbek media.
The money was then reportedly diverted to online gambling platforms. The case was uncovered by the Yashnabad district unit of the department.
A criminal case has been opened under articles covering embezzlement through misappropriation and forgery and use of counterfeit documents of the Criminal Code of Uzbekistan. Investigative actions are ongoing.
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