The State Committee for National Security of Kyrgyzstan (SCNS) revealed the fact of fraud in Keremet Bank OJSC. Press center of the state committee reported.
During the investigation of a criminal case registered on the fact of fraud, cases of illegal withdrawal of assets of Keremet Bank OJSC, 97.45 percent of the shares of which are owned by the state, through granting of large loans secured by illiquid property were established.
«The responsible officials of the bank approved issuance of a loan in the amount of $2.6 million and 323 million soms to five private companies affiliated with A.K., in order to secure which the bank was provided with overvalued illiquid property,» the statement says.
The damage caused by Keremet Bank has been compensated. Collateral property was provided in favor of Keremet Bank OJSC for 406,946,950 soms. In case of violation of the schedule of payment on loans, the property will be turned into the income of the state bank.
