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Fraud at Troubled Tojprombank

Saturday 23 June 2018

DUSHANBE (Avesta news agency) — The former director of one of the branches of Tojprombank is alleged of forging documents, misappropriation of funds and fraud.

Tojprombank, along with Fononbonkom, Agroinvestbank and Tojiksodirotbank, faced financial problems that ultimately led to the decision to revoke the license and start the bank liquidation procedure. In addition, the liquidation decision was made earlier with respect to Fononbank.

As for the two other troubled banks — Agroinvestbank and Tojiksodirotbank — at present, measures are being taken to rescue them.

According to the official website of the Ministry of Internal Affairs of Tajikistan, a 53-year-old resident of the city of Dushanbe is suspected of frauds at Tojprombank.

As the head of one of the branches of Tojprombank, in collusion with the head of the credit department of the branch, a 43-year-old resident of the capital, forged documents in the name of the 60-year-old resident of Tursunzade, in whose name he took a loan of 300,000 somoni. It was also found that the suspect took a 50-year-old resident of Gissar 35,000 somoni, promising to bring it to the bank, which was not done on his part. In both cases, the suspect allegedly appropriated these amounts and spent them for himself.

A criminal case has been initiated against the suspect under articles 245 (fraud) and 340 (forgery of documents) of the Criminal Code of Tajikistan, an investigation is underway.

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