NEWS AND EVENTS
August 27, 2015
SOCIETY... Bankers to Be Punished for Refusal of Distribution of Cash to Entrepreneurs
President Islam Karimov signed the Law ‘On amendments and supplements to some legislative acts of the Republic of Uzbekistan, aimed at further strengthening of the reliable protection of private property, businesses and the removal of barriers to their rapid development.’
Within this document, a new Article 192 (7) ‘Undue delay of the distribution of cash to businesses and other organizations’ has been included in the Criminal Code of Uzbekistan.
Now, undue delay of a payment to business entities and other organizations for salaries, allowances, scholarships and other equivalents of payments made by an official or bank employee after the application of administrative penalties for such acts is punishable. The fine can be up to the 50 minimum wages or deprivation of certain right up to three years, or restraint of liberty or imprisonment up to one year.
Criminal punishment is applied for illegal request of access to information about the availability of funds on business entities’ accounts (Article 192 (8)) ‘Requesting access to information about the availability of funds on the accounts of business entities in cases not provided by applicable law, committed after the application of an administrative penalty for the same actions is punished by a fine of the 150-300 minimum wages or deprivation of certain right up to three years or correctional works up to three years.\"
(Source: «Uzbekistan Today» News Agency)