Article 238. Intentional bankruptcy The Criminal Code of the Republic of Kazakhstan, the Criminal Code of the Republic of Kazakhstan
1 Intentional bankruptcy, that is, the actions of the founder (participant), an official, a person performing managerial functions in a commercial or other organization, as well as an individual entrepreneur, committed in the personal interests or interests of other persons in order to evade obligations to creditors by alienating or concealing property for three years before declaring bankruptcy of a legal entity individuals or sole proprietors who have caused major damage, –
is punishable by a fine in the amount of up to three thousand monthly calculation indices, or correctional labor in the same amount, or community service for up to eight hundred hours, or restriction of liberty for up to three years, or imprisonment for the same term, with deprivation of the right to hold certain positions or engage in certain activities for up to three years. years old.
2 The same acts committed by a senior employee of a financial institution, a banking and (or) insurance holding company, a major participant (major shareholder) – an individual, the head, a member of the governing body, the head, a member of the executive body, the chief accountant of a major participant (major shareholder) – a legal entity of a financial institution, causing major damage to the financial institution, a banking and/or insurance holding company, –
are punishable by a fine in the amount of up to three thousand monthly calculation indices, or correctional labor in the same amount, or community service for up to eight hundred hours, or restriction of liberty for up to three years, or imprisonment for the same period, with deprivation of the right to hold certain positions or engage in certain activities for a period of five years before the ban was imposed on holding the position of a senior employee of a financial institution, a banking and/or insurance holding company and be a major participant (major shareholder) of a financial institution for life.
President
Republic of Kazakhstan
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