Shareholders to compensate damage to bank due to their illegal acts

Shareholders to compensate damage to bank due to their illegal acts
# 25 November 2016 13:42 (UTC +04:00)

According to the draft law, the shareholders and administrators shall compensate the damage to banks as a result of sale or embezzlement of main funds through civil deals, leaving main funds as deposit, granting of loan to insolvent persons and etc.

Moreover, according to the draft law, the temporary administrator may demand shareholder or administrator to compensate the damage. Then, the shareholder or administrator may voluntarily pay the compensation or decline to pay it: “In case they decline to pay the compensation, the share are transferred to the state or the temporary administrator applies to court. The court will declare the shareholders or administrators bankrupt or arrest their properties or prohibit them to leave the country”.

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THE OPERATION IS BEING PERFORMED