The former head of a bank in Tajikistan that collapsed under the weight of bad loans has been arrested on suspicion of various illicit financial machinations.
Asia-Plus news website cited unnamed sources on April 25 as saying that Jamshed Ziyoyev, ex-chairman of Tojprombank, is being kept at a holding cell in the capital, Dushanbe.
Prosecutors are reportedly pursuing investigations into whether Ziyoyev illegally granted loans and misspent Tojprombank funds.
Tojprombank is one of several lenders in Tajikistan that have been crushed by a policy of profligate lending, often to close business associates of the bank itself or to politically well-connected individuals.
The National Bank declared Tojprombank insolvent i…
Read the full article at: https://eurasianet.org/s/tajikistan-former-head-of-liquidated-bank-under-arrest