Currency rates from 11/10/2024
$1 – 12768.30
UZS – -0.08%
€1 – 13960.86
UZS – -0.37%
₽1 – 131.15
UZS – -0.33%
Search
Uzbekistan 11/05/2023 Responsibility for illegal withdrawal of funds from bank accounts of business entities established
Responsibility for illegal withdrawal of funds from bank accounts of business entities established

Tashkent, Uzbekistan (UzDaily.com) -- The law signed by the President of Uzbekistan introduced additions and amendments to some legislative acts aimed at ensuring the inviolability of funds in the bank accounts of entrepreneurs.

According to the amendments to the Code of Administrative Liability, illegal transfer or withdrawal of funds from bank accounts of business entities without their consent or untimely return of overly collected funds in the absence of signs of petty theft, entails a fine of 20 to 40 sizes of basic estimated value (from 6 million 600 thousand soums up to 13 million 200 thousand soums).

According to the additions made to the Criminal Code, in case of committing the above offense after the application of an administrative penalty, one of the following penalties is applied:

a fine from 200 to 300 sizes of basic estimated value;

deprivation of a certain right up to 3 years;

compulsory public works from 300 to 360 hours;

correctional labor up to 3 years;

imprisonment up to 3 years.

The same actions committed:

causing major damage;

by prior agreement by a group of persons - may result in imprisonment for up to 5 years.

The same actions committed:

causing especially large damage;

in the interests of an organized group - may be punished by imprisonment up to 7 years.

In the case of compensation for the material damage caused, punishment in the form of restriction of freedom and imprisonment is not applied.

The law comes into force in 3 months from the date of its official publication.

 

Stay up to date with the latest news
Subscribe to our telegram channel