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Former chairman of Kyrgyzneftegaz Rashit Bostonov detained for corruption

The former chairman of Kyrgyzneftegaz OJSC Rashit Bostonov was detained for illegal withdrawal of money on an especially large scale. Press center of the State Committee for National Security of Kyrgyzstan (SCNS) reported.The Main Department for Jalal-…

The former chairman of Kyrgyzneftegaz OJSC Rashit Bostonov was detained for illegal withdrawal of money on an especially large scale. Press center of the State Committee for National Security of Kyrgyzstan (SCNS) reported.

The Main Department for Jalal-Abad region is investigating a criminal case under Article 336 «Corruption» of the Criminal Code of the Kyrgyz Republic.

From 2017 to 2020, under the leadership of the former chairman of the board of Kyrgyzneftegaz B.R.A. (Bostonov Rashit Abdumalikovich. — Note of 24.kg news agency), a corruption scheme was organized to create a network of affiliated companies with which contracts were concluded for the sale of fuels and lubricants at a reduced cost.

At the same time, the difference between the market price and the sale price amounted to 5 soms per liter of oil products, which were subsequently appropriated by the management of Kyrgyzneftegaz OJSC, as well as their patrons from among the highest echelons of power.

Upon completion of operations, the companies were liquidated, and unpaid taxes exceeded 400 million soms.

During the management of Rashit Bostonov the profit of Kyrgyzneftegaz amounted to 2,977 billion soms for four years. After the change of management over the past two years (2021-2022), due to the elimination of the indicated corruption scheme, the net profit of the enterprise exceeded 5,800 billion soms.

Investigators also revealed facts of acquisition by the former management of Kyrgyzneftegaz OJSC of movable and immovable property for more than 300 million soms, which are currently under arrest.

Together with the former management of the company, four people were detained and placed in the pre-trial detention center of the SCNS for Jalal-Abad region, who are accomplices in organizing the corruption scheme.

Measures are being taken to detect and compensate for the damage caused to the state. An investigation is underway.

In November 2020, the press center of the SCNS announced detention of a member of an organized criminal group nicknamed Chach. The SCNS said that the former head of Kyrgyzneftegaz, Rashit Bostonov, used organized crime groups for illegal actions against entrepreneurs.

Source: 24.kg News Agency

Last modified: March 17, 2023