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A Kyrgyz court in Bishkek fined former Deputy Head of State Customs Service Raimbek Matraimov 260,000 soms, or roughly USD $3000, in a closed trial Thursday. Matraimov pleaded guilty during his trial at the Pervomaisky District Court, which was closed to journalists, for his participation in a customs corruption scheme that resulted in the laundering of more than $700 million during his time in office.
Matraimov had come under scrutiny in 2020 for a customs scheme whereby he allowed customs officials to clear high-value foreign goods as low-value goods in exchange for bribes from the foreign companies involved. Products that came from favored companies would be expedited through Kyrgyz customs processing, while products from other companies would be thoroughly inspected in a weekslong process. Matraimov additionally used his position to smuggle cash through Kyrgyz airports.
For these reasons, the US Department of the Treasury sanctioned Matraimov in December under the Global Magnitsky Human Rights Accountability Act, which penalizes foreign actors who engage in the misappropriation of state assets as well as corruption related to the misappropriation of state assets. This followed the Kyrgyz government opening a criminal investigation into Matraimov in October and placing him under house arrest while imposing sanctions on his finances.
Matraimov’s sentence means that, while he must pay the fine and is expected to repay the Kyrgyz treasury for the damages his corruption incurred, he will no longer be subject to travel restrictions, and his Kyrgyz bank accounts will be unfrozen. Kyrgyz social media reacted to the verdict with incredulity, with many finding it to be too light a sentence for the extent of Matraimov’s offenses.
The post Kyrgyzstan official fined after pleading guilty in high-profile corruption trial appeared first on JURIST - News - Legal News & Commentary.
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Matraimov had come under scrutiny in 2020 for a customs scheme whereby he allowed customs officials to clear high-value foreign goods as low-value goods in exchange for bribes from the foreign companies involved. Products that came from favored companies would be expedited through Kyrgyz customs processing, while products from other companies would be thoroughly inspected in a weekslong process. Matraimov additionally used his position to smuggle cash through Kyrgyz airports.
For these reasons, the US Department of the Treasury sanctioned Matraimov in December under the Global Magnitsky Human Rights Accountability Act, which penalizes foreign actors who engage in the misappropriation of state assets as well as corruption related to the misappropriation of state assets. This followed the Kyrgyz government opening a criminal investigation into Matraimov in October and placing him under house arrest while imposing sanctions on his finances.
Matraimov’s sentence means that, while he must pay the fine and is expected to repay the Kyrgyz treasury for the damages his corruption incurred, he will no longer be subject to travel restrictions, and his Kyrgyz bank accounts will be unfrozen. Kyrgyz social media reacted to the verdict with incredulity, with many finding it to be too light a sentence for the extent of Matraimov’s offenses.
The post Kyrgyzstan official fined after pleading guilty in high-profile corruption trial appeared first on JURIST - News - Legal News & Commentary.
Continue reading...
Note: We don't have any responsibilities about this news. Its been posted here by Feed Reader and we had no controls and checking on it. And because News posted here will be deleted automatically after 21 days, threads are closed so that no one spend time to post and discuss here. You can always check the source and discuss in their site.