The Prosecutor's Office of Pechersk district of Kyiv initiated criminal case against the former director of the treasury of one of the capital's commercial banks, who is charged with embezzlement of 1.8 million UAH, ForUm learned from the Kyiv Prosecutor's Office press office.

On November 2, 2010, the official on behalf of the bank concluded with another bank the sale purchase agreement on 44 thousand bonds worth nearly 48 million UAH.

The same day, he sold the bonds to the same bank, but at a slightly lower price.

Due to such financial transaction, the commercial bank lost more than 1.8 million UAH.

Ex-official can be punished with imprisonment for a term of 7 to 12 years with deprivation of the right to occupy certain positions or engage in certain activities for a term up to three years.
The pre-trial investigation continues.



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