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    Published

    04/17/2025, 17:17

    The Chamber of Accounts revealed financial violations in the work of “Kyrgyzindustry”

    April 17, a meeting of the Council of the Accounting Chamber was held, during which the report on the results of the audit of Kyrgyzindustria OJSC was considered. The document contains information on the activities of the company for the period from January 2023 to December 2024. Auditor Pardaali Batirov made a report.

    Kyrgyzindustria OJSC was established to support industry and effective management of state assets. In two years, the company established 57 subsidiaries. However, only 6 companies (8.3 million KGS) made profit in 2023 and only 4 companies (56.5 million KGS) in 2024.

    The audit showed that serious violations of financial discipline totaling more than 19 million soms were committed in the company's activities. In particular, it revealed:

    • unjustified payments of salaries - 1.4 million KGS;
    • shortage of cash and tangible assets - 911 thousand KGS;
    • unaccounted travel and accountable sums - 708.7 thousand KGS;
    • sale of products below cost price - 977.7 thousand KGS;
    • overestimation of the cost of repair works - 7.4 million KGS;
    • understatement of income - almost 4 million KGS;
    • errors in accounting and tax calculations.

    There were also recorded violations in procurement procedures, property lease, use of authorized capital and issuance of advances to contractors. The audit showed that some of the funds were used inefficiently, and the arrears of settlements continue to grow.

    According to the results of the audit, the Council of the Accounting Chamber instructed to take measures against the responsible persons. The results of the audit were sent to the State Committee for National Security and other state bodies.


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