Corruption group uncovered in Turkmen CBA

Business Materials 29 July 2011 16:15 (UTC +04:00)

Turkmenistan, Ashgabat, July 29 / Trend H. Hasanov /

An audit conducted by the Turkmen Prosecutor General's Office revealed the criminal activity of senior officials working for the financial and banking system and their accomplices.

The Altyn Asyr national TV channel reported that senior Central Bank officials were imprisoned for 15 years.

"Appointed to senior positions in this area, these former officials, having selfish interests, were engaged in bank fraud," the newspaper said.

The newspaper added that they were deceiving their employers, forcing them to pay bribes.

Their criminal activity was revealed. All of them, including their accomplices, got what they deserved.

It was revealed that the accused bankers received a bribe worth $4.646.3, 106,183 euro and 14,532 manat.

Turkmen President Gurbanguly Berdimuhamedov reported about a large open trial of the bankers in early July.

He stressed that the measures must be a good lesson for those who try to enrich by fraud and bribery, instead of working honestly and diligently for happy and prosperous life of people.

"We have begun combating corruption and bribery," he said.

The President stressed that the banking system had serious shortages.

On Friday, the Turkmen media reported that the decisive actions of our country in the fight against corruption and crime in the financial and banking bodies also demonstrates the progress of Turkmenistan in the development of national struggle against legalization of proceeds obtained criminally.