Commercial Bank Employee Accused of Embezzling US$120,000 and Spending Funds on Online Gambling

Tashkent, Uzbekistan (UzDaily.com) — In Tashkent, the head of a department at one of the branches of a commercial bank has been detained on suspicion of misappropriating loan funds and spending them on online gambling.

According to the Yashnabad District Department of the General Prosecutor’s Office, the bank employee, E.N., together with representatives of a limited liability company, arranged a loan of US$120,000 for the enterprise.

Fraudulent documents were used to withdraw the funds, which were subsequently spent on online gambling.

A criminal case has been opened under Articles 167 (“Theft by Misappropriation or Embezzlement”) and 228 (“Forgery, Counterfeiting of Documents, Stamps, Seals, Forms, and Their Distribution or Use”) of the Criminal Code of the Republic of Uzbekistan. Investigative actions are ongoing.