Money seized in Kyrgyz battle against corruption returns to government coffers
BISHKEK -- A Kyrgyz government account now holds about 135 million KGS ($2 million) obtained as compensation as a result of concluded corruption cases, 24.kg reported Thursday (July 12).
The Ministry of Finance July 3 opened the account to hold payments for damages to the state inflicted by economic offenders and corrupt officials.
On Wednesday (July 11), the State Committee for National Security (GKNB) reported that it had transferred 95.9 million KGS ($1.4 million) to the account, on top of an earlier deposit of more than 39 million KGS ($570,000).
"These funds were collected because of the enactment of laws mandating prosecutors' response [to corruption]," said the Prosecutor General's Office in a statement. "Work on this matter continues."
The funds in the account reportedly return to the state budget.