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Top exec sacked from major Uzbek bank

Uzbekistan Materials 8 February 2016 20:29 (UTC +04:00)
Kahramon Aripov, chairman of the management board at Asaka Bank - the second largest bank in Uzbekistan, was dismissed, according to a spokesman of one of the bank’s shareholders.
Top exec sacked from major Uzbek bank

Tashkent, Uzbekistan, Feb. 8

By Demir Azizov - Trend:

Kahramon Aripov, chairman of the management board at Asaka Bank - the second largest bank in Uzbekistan, was dismissed, according to a spokesman of one of the bank's shareholders.

The board's deputy chairman, Rustam Kasymov, will be serving as its acting chairman, the source told Trend Feb. 8.

The source however didn't disclose the reason for Aripov's dismissal.

Earlier, some foreign media outlets reported that Aripov was dismissed and allegedly arrested due to illegal actions.

So far there has been no official report about Aripov's dismissal or his detention.

The bank hasn't commented on the issue. Aripov is still indicated as the chairman of the board on the official website of Asaka Bank.

Asaka Bank was established in 1996 and is mainly involved in lending to the automotive industry.

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