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Economy 25/03/2025 Over 90 companies in Uzbekistan fined for violations in exchange trading

Over 90 companies in Uzbekistan fined for violations in exchange trading

Tashkent, Uzbekistan (UzDaily.com) — Regulatory measures have been taken against 94 entities for violations in exchange trading.

The Committee for Competition Policy, conducting regular monitoring of exchange prices in accordance with existing legal regulations, identified 165 cases of violations of exchange trading laws in 2024. As a result, 156 cases were initiated against business entities.

In 55 instances, manipulations involving artificial price inflation were detected, leading to unjustified gains totaling 77.7 billion soums. Consequently, orders were issued for the return of these funds. In addition, financial penalties were imposed on 94 business entities under the Law "On Competition".

One example is BEKOBODSEMENT JSC, a company registered in Tashkent Region, which failed to offer its high-liquidity and/or monopoly cement products for exchange trading, instead selling them through direct contracts. This violated Article 29 of the Law "On Competition" and resulted in unjustified profits.

Similar violations were found at Bukhara Oil Refinery LLC, which engaged in market manipulation for illicit financial gains. GTL GAZ LLC, operating in Tashkent, carried out similar actions, leading to the same consequences.

As a result of these violations, financial penalties were imposed on all the mentioned entities.

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