“The embezzled funds were integrated into the legal economy by depositing them into a savings account, from which he received a monthly reward at an interest rate of 9.6%. The amount of legalized criminal income in the form of interest on the deposit totaled 613.1 thousand tenge,” reports the Prosecutor's Office of Kostanay Region.
The coach is charged under Article 189, Part 3, Clause 1 of the Criminal Code (“Theft of entrusted property using official position on a large scale”) and under Article 218, Part 1 of the Criminal Code (“Legalization (money laundering) of funds, meaning the involvement of money obtained through criminal means into the legal economy by conducting transactions in the form of conversion”).
The penalties for these articles include up to seven years of imprisonment, confiscation of property, and prohibition from holding certain positions or engaging in specific activities for up to six years. The criminal case has been sent to Court No. 2 in the city of Kostanay.